Which coverage allows a broker to provide a quote from several insurers?

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The Take All Comers Rule is a principle in insurance that obligates insurers to provide coverage to any applicant who meets certain criteria, regardless of their risk profile. This allows brokers to provide quotes from multiple insurers because they are able to seek coverage from any insurer willing to underwrite the policy, promoting competition among insurers.

By allowing brokers to access multiple options, the Take All Comers Rule facilitates a more comprehensive quote process, enabling clients to compare different coverage options and premiums. This ensures that consumers have a greater chance of finding an insurance policy that meets their specific needs.

The other choices do not pertain to the ability of brokers to provide quotes from several insurers. The Ontario Motor Vehicle Claims Fund, for instance, provides compensation for certain claims when other insurance is not available. Pecuniary Loss Coverage focuses on covering specific financial losses, while Accident Benefits Coverage directly relates to benefits available to individuals injured in an automobile accident, but none of these directly enable brokers to solicit and provide quotes from a diverse array of insurers.

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