Registered Insurance Brokers of Ontario (RIBO) Exam 2026 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 475

Highway Victims Indemnity Funds will not pay if:

They are operated by the government of all provinces.

Only if a judgement is obtained in most provinces.

They only pay for injury claims.

The claimant was totally responsible for causing the accident.

The Highway Victims Indemnity Funds will not pay out if the claimant was found to be totally responsible for causing the accident. This means that if the claimant was the one at fault for the accident, the fund will not provide compensation. This is because the purpose of the fund is to provide financial aid to victims who were not at fault and suffered injuries or losses due to the accident. The other options are incorrect because

A) The fact that the funds are operated by the government of all provinces does not affect the eligibility for compensation.

B) Requiring a judgement to be obtained in most provinces does not automatically disqualify a claim from being eligible for compensation.

C) The funds primarily cover injuries, and not all claims, but this does not mean that they will not pay out for any injuries.

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