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CAIB 3 Bundled Exams Questions and Answers with Verified Solutions
CAIB 3 Bundled Exams Questions and Answers with Verified Solutions
[Show more]CAIB 3 Bundled Exams Questions and Answers with Verified Solutions
[Show more]CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
 
What guarantees are provided by various licence and permit bonds? 1. Compliance 
Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
 
Surety -The state of being sure, certain and secure. 
-"one who undertakes to pay money...
Preview 3 out of 22 pages
Add to cartCAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
 
What guarantees are provided by various licence and permit bonds? 1. Compliance 
Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
 
Surety -The state of being sure, certain and secure. 
-"one who undertakes to pay money...
CAIB 3 Chapter 3 Questions and 
 
Answers Rated A+ 
 
Identify, other than in Quebec two different systems used to insure automobiles in Canada 1. 
Private insurers 
2. Compulsory government insurance plans 
 
Identify three types of Standard Policy Forms (SPF) that are used to insure vehicles SPF N...
Preview 3 out of 19 pages
Add to cartCAIB 3 Chapter 3 Questions and 
 
Answers Rated A+ 
 
Identify, other than in Quebec two different systems used to insure automobiles in Canada 1. 
Private insurers 
2. Compulsory government insurance plans 
 
Identify three types of Standard Policy Forms (SPF) that are used to insure vehicles SPF N...
CAIB 3 Chapter 1 Questions with 
 
Verified Solutions 
 
Identify the two divisions in the Canadian Legal System Criminal Law 
Civil Law 
 
Should brokers always recommend clients questions concerning maters of law to a qualified 
legal practitioner? Yes 
 
Identify eight examples of criminal wrongs...
Preview 2 out of 15 pages
Add to cartCAIB 3 Chapter 1 Questions with 
 
Verified Solutions 
 
Identify the two divisions in the Canadian Legal System Criminal Law 
Civil Law 
 
Should brokers always recommend clients questions concerning maters of law to a qualified 
legal practitioner? Yes 
 
Identify eight examples of criminal wrongs...
CAIB 3 FINAL EXAMINATION 
 
QUESTIONS AND ANSWERS ALREADY 
 
PASSED 
 
Define the following insurance terms. 
Bill of Lading Documents issued by carriers responsible for transporting or forwarding 
goods 
 
Constructive Total Loss (MARINE INSURANCE) Occurs when the cost of salvaging the 
cargo is to...
Preview 2 out of 10 pages
Add to cartCAIB 3 FINAL EXAMINATION 
 
QUESTIONS AND ANSWERS ALREADY 
 
PASSED 
 
Define the following insurance terms. 
Bill of Lading Documents issued by carriers responsible for transporting or forwarding 
goods 
 
Constructive Total Loss (MARINE INSURANCE) Occurs when the cost of salvaging the 
cargo is to...
CAIB 3 Practice Exam Questions and 
 
Answers Already Passed 
 
What is the name given to the collection of written decisions? Case Law 
 
Explain the concept of the Rule of Precedent. Current court decisions must follow those 
made in cases having similar circumstances, which allows the development...
Preview 3 out of 23 pages
Add to cartCAIB 3 Practice Exam Questions and 
 
Answers Already Passed 
 
What is the name given to the collection of written decisions? Case Law 
 
Explain the concept of the Rule of Precedent. Current court decisions must follow those 
made in cases having similar circumstances, which allows the development...
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