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CAIB 3 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
CAIB 3 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
[Show more]CAIB 3 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
[Show more]CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who underta...
Preview 3 out of 16 pages
Add to cartCAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who underta...
CAIB 3 Chapter 1 Exam Questions and 
Answers 100% Pass 
Identify the two divisions in the Canadian Legal System - Answer- Criminal Law 
Civil Law 
Should brokers always recommend clients questions concerning maters of law to a 
qualified legal practitioner? - Answer- Yes 
Identify eight examples of ...
Preview 2 out of 14 pages
Add to cartCAIB 3 Chapter 1 Exam Questions and 
Answers 100% Pass 
Identify the two divisions in the Canadian Legal System - Answer- Criminal Law 
Civil Law 
Should brokers always recommend clients questions concerning maters of law to a 
qualified legal practitioner? - Answer- Yes 
Identify eight examples of ...
CAIB 3 FINAL EXAMINATION QUESTIONS AND 
ANSWERS GRADED A 
Define the following insurance terms. 
Bill of Lading - Answer- Documents issued by carriers responsible for transporting or 
forwarding goods 
Constructive Total Loss (MARINE INSURANCE) - Answer- Occurs when the cost of 
salvaging the cargo ...
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Add to cartCAIB 3 FINAL EXAMINATION QUESTIONS AND 
ANSWERS GRADED A 
Define the following insurance terms. 
Bill of Lading - Answer- Documents issued by carriers responsible for transporting or 
forwarding goods 
Constructive Total Loss (MARINE INSURANCE) - Answer- Occurs when the cost of 
salvaging the cargo ...
CAIB 3 Exam Questions and Answers 100% Pass 
Civil Law - Answer- the body of law concerned with civil or private rights and remedies, 
as contrasted with criminal law which deals with wrongs against society. 
Tort - Answer- a private or civil wrong or injury, other than breach of contract, for which...
Preview 2 out of 6 pages
Add to cartCAIB 3 Exam Questions and Answers 100% Pass 
Civil Law - Answer- the body of law concerned with civil or private rights and remedies, 
as contrasted with criminal law which deals with wrongs against society. 
Tort - Answer- a private or civil wrong or injury, other than breach of contract, for which...
CAIB 3 Chapter 5 Exam Questions and 
Answers 100% Pass 
Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity 
Bonds 
2. Surety Bonds 
Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from 
the dishonest acts of their employees. Today...
Preview 2 out of 15 pages
Add to cartCAIB 3 Chapter 5 Exam Questions and 
Answers 100% Pass 
Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity 
Bonds 
2. Surety Bonds 
Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from 
the dishonest acts of their employees. Today...
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