Registered Insurance Brokers of Ontario (RIBO) Exam 2025 – 400 Free Practice Questions to Pass the Exam

The correct understanding of what the insurer does not typically agree to do under Third Party Liability relates to the specific nature of claims covered by this type of insurance. Under Third Party Liability, the insurer is primarily responsible for covering damages that the insured causes to other parties. This coverage includes costs like legal fees that arise from defending against claims made by third parties, as well as reimbursement for physical damage costs.

Chiropractic costs are generally considered part of personal health expenses rather than judicially assigned damages to a third party. Therefore, unless there is a legal settlement that specifically includes reimbursement for medical expenses arising from liability claims, chiropractic costs do not fall under typical Third Party Liability coverage. The insurer's obligation is to address claims made against the insured, not to cover personal health expenses for the insured or their family members.

In the context of emotional distress claims, it would require a thorough assessment of the liability determined against the insurer. However, it's predominantly the case that emotional distress claims can be considered reasonable under certain liability claims, so they may be reimbursed in certain situations depending on the circumstances. Legal fees are specifically covered as they pertain to defending against claims brought by third parties, which aligns with the core purposes of this insurance coverage. Thus, the focus on