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When a Vacancy Permit is granted on a policy insuring a dwelling property, what effect, if any, does it have on the perils insured? OA) None. OB) It suspends certain coverages while the vacancy exists. OC) It permits the property to be vacant without affecting the coverage. OD) It introduces co-insurance conditions into the policy.
Transcribed Image Text:When a Vacancy Permit is granted on a policy insuring a dwelling property, what effect, if any, does it have on the perils insured? OA) None. OB) It suspends certain coverages while the vacancy exists. OC) It permits the property to be vacant without affecting the coverage. OD) It introduces co-insurance conditions into the policy.
Which one (1) of the following statements best describes "The Facility Association"? OA) It is an industry plan designed to guarantee availability of automobile coverage in the open market. OB) It is an insurance plan designed to guarantee availability of automobile insurance for all personal automobile risks, but not commercial automobile risks. OC) It is run by the provincial government. OD) It is run by the Insurance Bureau of Canada.
Transcribed Image Text:Which one (1) of the following statements best describes "The Facility Association"? OA) It is an industry plan designed to guarantee availability of automobile coverage in the open market. OB) It is an insurance plan designed to guarantee availability of automobile insurance for all personal automobile risks, but not commercial automobile risks. OC) It is run by the provincial government. OD) It is run by the Insurance Bureau of Canada.
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