Package deal
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...
Preview 2 out of 5 pages
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...
Preview 2 out of 11 pages
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...
Preview 2 out of 9 pages
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...
Preview 4 out of 31 pages
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...
Preview 3 out of 20 pages
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...
Preview 2 out of 9 pages
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...
Preview 2 out of 8 pages
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, ...
Preview 2 out of 9 pages
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...
Preview 2 out of 5 pages
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...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
No, you only buy these notes for $32.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now