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Q17 Single choice

An individual with a bad driving record comes to your office for automobile insurance. You give them a premium quotation. They cannot pay you right away but demands cover immediately.

What are you obligated to do?

A
You are obliged to provide coverage for 21 days.
B
You must provide coverage. If you wish to cancel it subsequently for non-payment of premium, you must first apply to the Financial Services Regulatory Authority of Ontario (FSRA. for permission to do so.
C
You must provide an application for completion and forward it to an insurer.
D
You should report this type of situation to RIBO for guidance.

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