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CAIB 2 Bundled Exams Questions and Answers | 100% Verified and Updated 2024
CAIB 2 Bundled Exams Questions and Answers | 100% Verified and Updated 2024
[Show more]CAIB 2 Bundled Exams Questions and Answers | 100% Verified and Updated 2024
[Show more]CAIB II- Chapter 6 Exam Questions and Answers 
List three considerations that make some property items 'target' items and provide an explanation 
for each - Answer ️️ -i) Convertibility (ease at which property can be sold and converted to 
cash) 
ii) Value (higher valued articles are more attr...
Preview 2 out of 6 pages
Add to cartCAIB II- Chapter 6 Exam Questions and Answers 
List three considerations that make some property items 'target' items and provide an explanation 
for each - Answer ️️ -i) Convertibility (ease at which property can be sold and converted to 
cash) 
ii) Value (higher valued articles are more attr...
CAIB II - Chapter 6 Exam Questions and Answers 
Crime Insurance - Property Susceptible to Crime Losses (2 Target Items) - Answer ️️ -Target 
items are those which meet the follow criteria: 
1. Value (greater value items) 
2. Portability (easier to transport away) 
Perimeter Protection - Partial ...
Preview 1 out of 3 pages
Add to cartCAIB II - Chapter 6 Exam Questions and Answers 
Crime Insurance - Property Susceptible to Crime Losses (2 Target Items) - Answer ️️ -Target 
items are those which meet the follow criteria: 
1. Value (greater value items) 
2. Portability (easier to transport away) 
Perimeter Protection - Partial ...
CAIB 2 CHAPTER 4 EXAM QUESTIONS AND ANSWERS 
Define "Endorsement" - Answer ️️ -endorsements change the terms of existing policies 
Define "Rider" - Answer ️️ -Riders add coverages to those already on the policy 
What values are insured on a Glass Rider - Answer ️️ -1) Glass 2) Artwor...
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Add to cartCAIB 2 CHAPTER 4 EXAM QUESTIONS AND ANSWERS 
Define "Endorsement" - Answer ️️ -endorsements change the terms of existing policies 
Define "Rider" - Answer ️️ -Riders add coverages to those already on the policy 
What values are insured on a Glass Rider - Answer ️️ -1) Glass 2) Artwor...
Preview 1 out of 3 pages
Add to cartCAIB 2 - CHAPTER 6 Exam Questions and Answers 
1) Convertibility; 
2) Value; 
3) Portability. - Answer ️️ -Three factors of personal property that can help business owners 
determine loss potential from a criminal act. 
1) Forced entry into building; 
2) Forced entry into protected enclosures; 
...
Preview 2 out of 8 pages
Add to cartCAIB 2 - CHAPTER 6 Exam Questions and Answers 
1) Convertibility; 
2) Value; 
3) Portability. - Answer ️️ -Three factors of personal property that can help business owners 
determine loss potential from a criminal act. 
1) Forced entry into building; 
2) Forced entry into protected enclosures; 
...
CAIB 2 -CH 4 - SEC 1 - STUDY GUIDE WITH 
COMPLETE SOLUTIONS 
Briefly explain the functions of Endorsements - Answer ️️ -Changes the terms or conditions of 
the Insured's policy 
Briefly explain the functions of Riders - Answer ️️ -Adds additional coverages to those already 
in place 
Briefl...
Preview 2 out of 6 pages
Add to cartCAIB 2 -CH 4 - SEC 1 - STUDY GUIDE WITH 
COMPLETE SOLUTIONS 
Briefly explain the functions of Endorsements - Answer ️️ -Changes the terms or conditions of 
the Insured's policy 
Briefly explain the functions of Riders - Answer ️️ -Adds additional coverages to those already 
in place 
Briefl...
CAIB 2 Chapter 4 Practice Test 2 
What are two examples of temporary locations where property may be located 
and insured by Temporary Locations coverage? - Answer ️️ -i) When at customers premises on 
a pre-sale trial basis 
ii) When at a warehouse awaiting pickup by client 
List locations insu...
Preview 1 out of 2 pages
Add to cartCAIB 2 Chapter 4 Practice Test 2 
What are two examples of temporary locations where property may be located 
and insured by Temporary Locations coverage? - Answer ️️ -i) When at customers premises on 
a pre-sale trial basis 
ii) When at a warehouse awaiting pickup by client 
List locations insu...
CAIB 2 - CHAPTER 4 Exam Questions and Answers 
1) Endorsement; 
2) Rider; 
3) Separate policy. - Answer ️️ -The three ways a change to a commercial property policy can 
be made. 
Changes the terms or conditions of the policy. - Answer ️️ -"Endorsement." 
Adds coverages to the policy. - Ans...
Preview 1 out of 2 pages
Add to cartCAIB 2 - CHAPTER 4 Exam Questions and Answers 
1) Endorsement; 
2) Rider; 
3) Separate policy. - Answer ️️ -The three ways a change to a commercial property policy can 
be made. 
Changes the terms or conditions of the policy. - Answer ️️ -"Endorsement." 
Adds coverages to the policy. - Ans...
CAIB 2 - CHAPTER 6 EXAM 
1) Convertibility; 
2) Value; 
3) Portability. - Answer ️️ -Three factors of personal property that can help business owners 
determine loss potential from a criminal act. 
1) Forced entry into building; 
2) Forced entry into protected enclosures; 
3) Unforced entry into...
Preview 2 out of 8 pages
Add to cartCAIB 2 - CHAPTER 6 EXAM 
1) Convertibility; 
2) Value; 
3) Portability. - Answer ️️ -Three factors of personal property that can help business owners 
determine loss potential from a criminal act. 
1) Forced entry into building; 
2) Forced entry into protected enclosures; 
3) Unforced entry into...
CAIB 2 Chapter 4 Practice Test 1 
Define Endorsement. - Answer ️️ -Endorsements change terms of existing policies 
Define Rider. - Answer ️️ -Riders add coverages to those all ready on policy 
Indicate Covered or Not Covered on Sign Form (C/NC) 
a) mechanical breakdown 
b) damage caused by p...
Preview 2 out of 6 pages
Add to cartCAIB 2 Chapter 4 Practice Test 1 
Define Endorsement. - Answer ️️ -Endorsements change terms of existing policies 
Define Rider. - Answer ️️ -Riders add coverages to those all ready on policy 
Indicate Covered or Not Covered on Sign Form (C/NC) 
a) mechanical breakdown 
b) damage caused by p...
CAIB 2 - Chapter 6 Exam Questions and Answers 
identify three types of crime losses to real property - Answer ️️ -vandalism 
malicious acts 
burglary and arson 
identify three reasons why some types of personal property become 'target items' - Answer ️️ - 
convertibility (the ease with whi...
Preview 2 out of 14 pages
Add to cartCAIB 2 - Chapter 6 Exam Questions and Answers 
identify three types of crime losses to real property - Answer ️️ -vandalism 
malicious acts 
burglary and arson 
identify three reasons why some types of personal property become 'target items' - Answer ️️ - 
convertibility (the ease with whi...
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