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CAIB 1 (Canadian Accredited Insurance Broker) Bundle Set
CAIB 1 (Canadian Accredited Insurance Broker) Bundle Set
[Show more]CAIB 1 (Canadian Accredited Insurance Broker) Bundle Set
[Show more]RISK - Answer Chance of financial loss to which an object of insurance is exposed 
 
SPECULATIVE RISK - Answer the chance of financial loss or gain 
 
PURE RISK - Answer the chance of financial loss but no chance of financial gain 
 
INSURANCE - Answer the undertaking by one person to indemn...
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Add to cartRISK - Answer Chance of financial loss to which an object of insurance is exposed 
 
SPECULATIVE RISK - Answer the chance of financial loss or gain 
 
PURE RISK - Answer the chance of financial loss but no chance of financial gain 
 
INSURANCE - Answer the undertaking by one person to indemn...
Define "Risk" - Answer The chance of a financial loss to which the object of insurance may be exposed to 
 
List 3 Categories of Risk - Answer 1) Personal 2) Property 3) Liability 
 
List 4 Types of Risk Management Techniques - Answer 1) Risk Avoidance 2) Risk Retention 3) Risk Control 4) Ri...
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Add to cartDefine "Risk" - Answer The chance of a financial loss to which the object of insurance may be exposed to 
 
List 3 Categories of Risk - Answer 1) Personal 2) Property 3) Liability 
 
List 4 Types of Risk Management Techniques - Answer 1) Risk Avoidance 2) Risk Retention 3) Risk Control 4) Ri...
Insurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other formal agreements and are subject to what three additional el...
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Add to cartInsurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other formal agreements and are subject to what three additional el...
Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss - Answer -Equipment will not work 100% of the time 
-certain types of losses such as wind, hail and lightning cannot be effectively controlled 
 
People can choose to deal with risk in...
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Add to cartProvide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss - Answer -Equipment will not work 100% of the time 
-certain types of losses such as wind, hail and lightning cannot be effectively controlled 
 
People can choose to deal with risk in...
Consideration is... 
a. The law of insurance 
b. A promise between parties 
c. A contract's binding force 
d. An exchange of something of value - Answer d. An exchange of something of value 
 
A stock company is... 
a. A company that invests in other companies 
 
b. A company owned by stock...
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Add to cartConsideration is... 
a. The law of insurance 
b. A promise between parties 
c. A contract's binding force 
d. An exchange of something of value - Answer d. An exchange of something of value 
 
A stock company is... 
a. A company that invests in other companies 
 
b. A company owned by stock...
Identify four perils that mobile homes are more susceptible to than conventional homes - Answer 1. Fire 
2. Windstorms 
3. Hail 
4. Transportation 
 
Identify the purpose of "tie downs" - Answer Secure the unit to the foundation so that it remains stable during windstorms 
 
Explain the purpos...
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Add to cartIdentify four perils that mobile homes are more susceptible to than conventional homes - Answer 1. Fire 
2. Windstorms 
3. Hail 
4. Transportation 
 
Identify the purpose of "tie downs" - Answer Secure the unit to the foundation so that it remains stable during windstorms 
 
Explain the purpos...
CAIB 1 questions with correct answers 
What area of law does Criminal Law address? - Answer Criminal law deals with wrongs against society 
 
How does criminal law deal with violators? - Answer Prosecute them in criminal courts with fines, imprisonment or probation 
 
What area of law does civil...
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Add to cartCAIB 1 questions with correct answers 
What area of law does Criminal Law address? - Answer Criminal law deals with wrongs against society 
 
How does criminal law deal with violators? - Answer Prosecute them in criminal courts with fines, imprisonment or probation 
 
What area of law does civil...
What are the 3 types of Homeowners Forms? - Answer 1. Homeowners Basic 2. Homeowners Broad 3. Homeowners Comprehensive 
 
Who develops insurance forms? - Answer Insurance Bureau of Canada 
 
What types of risks are now eligible for coverage? - Answer Dwellings containing more than one family, ...
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Add to cartWhat are the 3 types of Homeowners Forms? - Answer 1. Homeowners Basic 2. Homeowners Broad 3. Homeowners Comprehensive 
 
Who develops insurance forms? - Answer Insurance Bureau of Canada 
 
What types of risks are now eligible for coverage? - Answer Dwellings containing more than one family, ...
What is the need for travel insurance? - Answer Provincial health plans don't cover certain costs - travel insurance provides coverage for these additional costs 
 
Discuss provincial medical plans in Canada - Answer Most provinces have a reciprocal agreement to reimburse the province that prov...
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Add to cartWhat is the need for travel insurance? - Answer Provincial health plans don't cover certain costs - travel insurance provides coverage for these additional costs 
 
Discuss provincial medical plans in Canada - Answer Most provinces have a reciprocal agreement to reimburse the province that prov...
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