CAIB 1 Question and answers 2024 verified to pass Exam (elaborations) CAIB 1 Question and answers already passed 2024 Exam (elaborations) CAIB 1 Question and answers 100% correct 2024 Exam (elaborations) CAIB 1 CH5 Question and answers rated A+ 2024 Exam (elaborations) CAIB 1 Chapter 1 Ques...
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Practice Exam for CAIB 1 Questions with complete solution 2024 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 othe...
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Add to cartPractice Exam for CAIB 1 Questions with complete solution 2024 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 othe...
Chapter 3 caib 1 checkpoints and terms Question and answers rated A+ 2024 Identify 4 major exposures to loss for mobile homes - correct answer fire , windstorm, hail and transportation Outline the provisions of the Emergency Removal Expense coverage provided by the Mobile homeowners form 1157 ...
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Add to cartChapter 3 caib 1 checkpoints and terms Question and answers rated A+ 2024 Identify 4 major exposures to loss for mobile homes - correct answer fire , windstorm, hail and transportation Outline the provisions of the Emergency Removal Expense coverage provided by the Mobile homeowners form 1157 ...
CAIB Question and answers 100% correct 2024 Identify the three types of Homeowner Forms? - correct answer (1)Homeowner Basic Form (2)Homeowners Broad Form (3)Homeowners Comprehensive Form Identify 4 types of habitational risks which may be eligible for coverage under a homeowners form? - corr...
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Add to cartCAIB Question and answers 100% correct 2024 Identify the three types of Homeowner Forms? - correct answer (1)Homeowner Basic Form (2)Homeowners Broad Form (3)Homeowners Comprehensive Form Identify 4 types of habitational risks which may be eligible for coverage under a homeowners form? - corr...
CAIB III Question and answers 100% correct 2024 D. Is primarily concerned with the compensation of victims for their losses - correct answer The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed agai...
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Add to cartCAIB III Question and answers 100% correct 2024 D. Is primarily concerned with the compensation of victims for their losses - correct answer The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed agai...
CAIB I Question and answers already passed 2024 MOBILE HOME - correct answer a home that is factory built on its own chassis and which can be easily moved CONDOMINIUM - correct answer a system of separate ownership of individual units in a multiple unit building ENDORSEMENT - correct answ...
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Add to cartCAIB I Question and answers already passed 2024 MOBILE HOME - correct answer a home that is factory built on its own chassis and which can be easily moved CONDOMINIUM - correct answer a system of separate ownership of individual units in a multiple unit building ENDORSEMENT - correct answ...
CAIB 2 Question and answers already passed 2024Only the property specifically listed or scheduled on the policy is insured. - correct answer Scheduled coverage. Building, Stock and Equipment are insured under a single limit of insurance. - correct answer Property of Every Description (POED) c...
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Add to cartCAIB 2 Question and answers already passed 2024Only the property specifically listed or scheduled on the policy is insured. - correct answer Scheduled coverage. Building, Stock and Equipment are insured under a single limit of insurance. - correct answer Property of Every Description (POED) c...
Caib 2 Question and answers 2024 verified to pass Scheduled Coverage - correct answer Refer to policy on which coverage is provided only on that property which is specifically identified or scheduled Property of Every Description - correct answer Refers to policy used to insure buildings, st...
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Add to cartCaib 2 Question and answers 2024 verified to pass Scheduled Coverage - correct answer Refer to policy on which coverage is provided only on that property which is specifically identified or scheduled Property of Every Description - correct answer Refers to policy used to insure buildings, st...
CAIB 2 STUDY NOTES CHAPTER 3 Question and answers correctly solved 2024 Identify three leading causes of fires in Canada - correct answer 1. Arson or suspected arson 2. Failure or malfunction of mechanical or electrical equipment 3. Misuse of source of ignition Identify what information is...
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Add to cartCAIB 2 STUDY NOTES CHAPTER 3 Question and answers correctly solved 2024 Identify three leading causes of fires in Canada - correct answer 1. Arson or suspected arson 2. Failure or malfunction of mechanical or electrical equipment 3. Misuse of source of ignition Identify what information is...
CAIB 2 Immersion Questions with complete solution 2024 Identify three methods that can be used to gain access to a Protected Enclosure? Provide an example for each. - correct answer Mechanical: Drills Thermal: Torches Explosion: Dynamite What is the purpose of Perimeter Protection? - correct ...
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Add to cartCAIB 2 Immersion Questions with complete solution 2024 Identify three methods that can be used to gain access to a Protected Enclosure? Provide an example for each. - correct answer Mechanical: Drills Thermal: Torches Explosion: Dynamite What is the purpose of Perimeter Protection? - correct ...
CAIB 2 Full Study Guide Question and answers rated A+ 2024 The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - correct answer 1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (e...
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Add to cartCAIB 2 Full Study Guide Question and answers rated A+ 2024 The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - correct answer 1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (e...
CAIB 2 Question and answers 100% correct 2024 Define "Endorsement" - correct answer endorsements change the terms of existing policies Define "Rider" - correct answer Riders add coverages to those already on the policy What values are insured on a Glass Rider - correct answer 1) Gl...
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Add to cartCAIB 2 Question and answers 100% correct 2024 Define "Endorsement" - correct answer endorsements change the terms of existing policies Define "Rider" - correct answer Riders add coverages to those already on the policy What values are insured on a Glass Rider - correct answer 1) Gl...
Caib 2 Question and answers already passed 2024warranty - correct answer A promise that certain facts are as they are represented to be and that they will remain so hazard - correct answer A condition which may cause a peril to occur Latent defect - correct answer A hidden or conceale...
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Add to cartCaib 2 Question and answers already passed 2024warranty - correct answer A promise that certain facts are as they are represented to be and that they will remain so hazard - correct answer A condition which may cause a peril to occur Latent defect - correct answer A hidden or conceale...
CAIB 2 Chapter 1 Practice exam 1 Question and answers correctly solved 2024 Explain what it means to issue insurance on a scheduled basis - correct answer Only the property listed or scheduled on the policy is insured Explain what is meant to issue insurance on the basis of Property of Every De...
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Add to cartCAIB 2 Chapter 1 Practice exam 1 Question and answers correctly solved 2024 Explain what it means to issue insurance on a scheduled basis - correct answer Only the property listed or scheduled on the policy is insured Explain what is meant to issue insurance on the basis of Property of Every De...
CAIB 2 Question and answers correctly solved 2024Identify 3 classes of property insured by commercial property insurance policies - correct answer Building, Equipment, Stock Identify 2 ways used to insure commercial property and a brief explanation of each - correct answer Scheduled coverag...
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Add to cartCAIB 2 Question and answers correctly solved 2024Identify 3 classes of property insured by commercial property insurance policies - correct answer Building, Equipment, Stock Identify 2 ways used to insure commercial property and a brief explanation of each - correct answer Scheduled coverag...
CAIB 2 Questions with complete solution 2024 Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: A....
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Add to cartCAIB 2 Questions with complete solution 2024 Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: A....
CAIB 2 Question and answers rated A+ 2024The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - correct answer 1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (ex. financial interes...
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Add to cartCAIB 2 Question and answers rated A+ 2024The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - correct answer 1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (ex. financial interes...
CAIB 1 Question and answers 100% correct 2024RISK - correct answer Chance of financial loss to which an object of insurance is exposed SPECULATIVE RISK - correct answer the chance of financial loss or gain PURE RISK - correct answer the chance of financial loss but no chance of financial...
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Add to cartCAIB 1 Question and answers 100% correct 2024RISK - correct answer Chance of financial loss to which an object of insurance is exposed SPECULATIVE RISK - correct answer the chance of financial loss or gain PURE RISK - correct answer the chance of financial loss but no chance of financial...
CAIB 1 Practice Questions and answers already passed 2024 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 - correct answer d. An exchange of something of value A stock company is... a. A comp...
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Add to cartCAIB 1 Practice Questions and answers already passed 2024 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 - correct answer d. An exchange of something of value A stock company is... a. A comp...
CAIB 1 Practice Exam Question and answers correctly solved 2024 Your clients suffered a fire loss totalling $87,555. When making the proof of loss, they claimed $1,500 for a stereo unit which they never owned. In the event that the fraud is discovered by the insurer, what portion of the claim, if an...
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Add to cartCAIB 1 Practice Exam Question and answers correctly solved 2024 Your clients suffered a fire loss totalling $87,555. When making the proof of loss, they claimed $1,500 for a stereo unit which they never owned. In the event that the fraud is discovered by the insurer, what portion of the claim, if an...
CAIB 1 Questions with complete solution 2024 Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss -correct answer -Equipment will not work 100% of the time -certain types of losses such as wind, hail and lightning cannot be effectively ...
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Add to cartCAIB 1 Questions with complete solution 2024 Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss -correct answer -Equipment will not work 100% of the time -certain types of losses such as wind, hail and lightning cannot be effectively ...
CAIB 1 Definitions Question and answers rated A+ 2024 Speculative Risk - correct answer The chance of financial loss or gain Contract - correct answer an agreement between 2 or more people which creates and obligation to do or not do something Indemnity - correct answer -Indemnity is m...
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Add to cartCAIB 1 Definitions Question and answers rated A+ 2024 Speculative Risk - correct answer The chance of financial loss or gain Contract - correct answer an agreement between 2 or more people which creates and obligation to do or not do something Indemnity - correct answer -Indemnity is m...
CAIB 1 Question and answers rated A+ 2024 Define in pure insurance terms "risk" - correct answer The chance of financial loss to which an object of insurance is exposed List the 3 categories of risk generally faced by people - correct answer Personal Risk; Property Risk; Liability Risk ...
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Add to cartCAIB 1 Question and answers rated A+ 2024 Define in pure insurance terms "risk" - correct answer The chance of financial loss to which an object of insurance is exposed List the 3 categories of risk generally faced by people - correct answer Personal Risk; Property Risk; Liability Risk ...
CAIB 1 Chapter 7 Question and answers already passed 2024 Who is responsible for the administration of the insurance act in your province? - correct answer MB Government Outline the initial licensing requirements, whether there are different levels of licenses, the supervision requirements, ...
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Add to cartCAIB 1 Chapter 7 Question and answers already passed 2024 Who is responsible for the administration of the insurance act in your province? - correct answer MB Government Outline the initial licensing requirements, whether there are different levels of licenses, the supervision requirements, ...
CAIB 1 Chapter 7 Question and answers 2024 verified to pass Who is responsible for the administration of the insurance act in your province - correct answer Insurance council of BC Ethics - correct answer the principals of conduct governing an individual or group Identify 3 temptations ...
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Add to cartCAIB 1 Chapter 7 Question and answers 2024 verified to pass Who is responsible for the administration of the insurance act in your province - correct answer Insurance council of BC Ethics - correct answer the principals of conduct governing an individual or group Identify 3 temptations ...
CAIB 1 Chapter 2 Question and answers correctly solved 2024 Identify the three most common homeowners policies in use today. - correct answers Homeowners Basic Form (IBC1151) Homeowners Broad Form (IBC1153) Homeowners Comprehensive Form (IBC1155) In addition to single family dwellings, identif...
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Add to cartCAIB 1 Chapter 2 Question and answers correctly solved 2024 Identify the three most common homeowners policies in use today. - correct answers Homeowners Basic Form (IBC1151) Homeowners Broad Form (IBC1153) Homeowners Comprehensive Form (IBC1155) In addition to single family dwellings, identif...
CAIB 1 Chapter 1 Questions with complete solution 2024 Risk - correct answer The chance of financial loss to which an object of insurance is exposed. List the 3 categories of risk generally faced by people. - correct answer Personal, Property and Liability State four possible options peo...
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Add to cartCAIB 1 Chapter 1 Questions with complete solution 2024 Risk - correct answer The chance of financial loss to which an object of insurance is exposed. List the 3 categories of risk generally faced by people. - correct answer Personal, Property and Liability State four possible options peo...
CAIB 1 CH5 Question and answers rated A+ 2024 Your clients accepted your recommendation to insure their dwelling on a guaranteed replacement cost basis. They also instructed you to add replacement cost coverage on all outbuildings on their premises. Indicate whether the following buildings would be ...
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Add to cartCAIB 1 CH5 Question and answers rated A+ 2024 Your clients accepted your recommendation to insure their dwelling on a guaranteed replacement cost basis. They also instructed you to add replacement cost coverage on all outbuildings on their premises. Indicate whether the following buildings would be ...
CAIB 1 Question and answers 100% correct 2024 Define "Risk" - correct answer The chance of a financial loss to which the object of insurance may be exposed to List 3 Categories of Risk - correct answer 1) Personal 2) Property 3) Liability List 4 Types of Risk Management Techniques - cor...
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Add to cartCAIB 1 Question and answers 100% correct 2024 Define "Risk" - correct answer The chance of a financial loss to which the object of insurance may be exposed to List 3 Categories of Risk - correct answer 1) Personal 2) Property 3) Liability List 4 Types of Risk Management Techniques - cor...
CAIB 1 Question and answers already passed 2024Define "Risk" - correct answer The chance of a financial loss to which the object of insurance may be exposed to List 3 Categories of Risk - correct answer 1) Personal 2) Property 3) Liability List 4 Types of Risk Management Techniques - co...
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Add to cartCAIB 1 Question and answers already passed 2024Define "Risk" - correct answer The chance of a financial loss to which the object of insurance may be exposed to List 3 Categories of Risk - correct answer 1) Personal 2) Property 3) Liability List 4 Types of Risk Management Techniques - co...
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