Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Health insurance is least likely to require an additional premium for certain damages because it generally operates on a coverage basis that encompasses a wide range of medical expenses and treatments. Health insurance plans are designed to cover medically necessary care without the additional premiums typically associated with specific types of damages or claims, unlike the other options that may have specific riders or endorsements to cover particular risks.

In contrast, auto, property, and liability insurance often entail different forms of coverage for various types of damages, which can lead to additional premiums based on the nature of the risk involved. For instance, auto insurance may require extra coverage for comprehensive or collision damages, property insurance might have specific endorsements for high-value items, and liability insurance can involve additional costs if certain activities increase the risk profile. Therefore, health insurance remains a more straightforward product that typically does not impose additional premiums tied to specific claims or damages.