CAS Exam 6C Fall 2018, Question 6

Study guide: Exam 6C

Justify whether each of the following situations are permitted by the Ontario regulator.

Part a (0.25 points)

The insurer cancelled the automobile policy of an insured at renewal after learning that the insured is without employment.

Part b (0.25 points)

An insurer declined to renew a policy of automobile insurance based on the individual data of an insured participating in a Usage-Based Insurance program.

Part c (0.25 points)

An insurer used the data of an insured participating in a Usage-Based Insurance program to investigate a suspicious automobile claim.

Part d (0.25 points)

An insurer declined to renew a policy of automobile insurance after the insured was convicted of criminal drunk driving.

Answer this question and see the worked solution

Concepts tested

• Risk Classification Restrictions
• Usage-Based Insurance
• Take-All-Comers Rule
• Financial Services Regulatory Authority of Ontario

More questions from this set

• CAS Exam 6C Fall 2018, Question 5
• CAS Exam 6C Fall 2018, Question 7