OMVIC Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Dive into the OMVIC Practice Test and test your knowledge on laws, regulations, and ethical practices in the automotive industry. Perfect for aspiring dealers and salespersons to validate their expertise!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

The maximum accountability for unsettled claims if the extended warranty provider is not in business is the responsibility of:

  1. The warranty provider

  2. The customer

  3. The insurance company

  4. The dealer

The correct answer is: The dealer

If the extended warranty provider is not in business, the maximum accountability for unsettled claims falls on the dealer. This is because the dealer is the party responsible for selling and promoting the warranty and ensuring its fulfillment to the customer. While the warranty provider may be responsible for providing the funds to cover the claims, it is the dealer's responsibility to ensure that the warranty is upheld and customers are provided with the promised coverage. Therefore, options A, B, and C are incorrect as the main responsibility for unsettled claims ultimately falls on the dealer.

More Questions Like This