OMVIC Practice Test

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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!

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.

What is true about disclosing a vehicle's history of being declared a total loss by an insurer?

It must be disclosed only if the vehicle was not repaired
Disclosure is not necessary if the vehicle has been fully restored
It must be disclosed, regardless of the vehicle's current condition
It only needs to be disclosed if the total loss occurred within the last year

The correct answer is: It must be disclosed, regardless of the vehicle's current condition

A vehicle being declared a total loss by an insurer means that the vehicle has been deemed unrecoverable or not worth repairing after an accident or other damage. Therefore, even if the vehicle has been fully restored or the total loss occurred more than a year ago, it is still important to disclose this information. This is because it affects the vehicle's history and may impact its value and safety. Option A is incorrect because disclosure is necessary regardless of whether the vehicle has been repaired. Option B is incorrect because restoration does not change the fact that the vehicle was declared a total loss. Option D is incorrect because the time frame of one year is not relevant in disclosing this information.