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[Show more]CAIB 1 Practice Exam 
Questions and Answers All 
Correct 
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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Questions and Answers All 
Correct 
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...
CAIB 2 Exam Questions 
with Correct Answers 
Scheduled Coverage - Answer-refers to policy on which coverage is provided only on 
that property which is specifically identified or scheduled. 
All Property - Answer-refers to policy used to insure building, stock and equipment 
under a single limit ...
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Add to cartCAIB 2 Exam Questions 
with Correct Answers 
Scheduled Coverage - Answer-refers to policy on which coverage is provided only on 
that property which is specifically identified or scheduled. 
All Property - Answer-refers to policy used to insure building, stock and equipment 
under a single limit ...
CAIB 2 Terms and 
Definitions 
Scheduled Coverage - Answer-refers to policy on which coverage is provided only on 
that property which is specifically identified or scheduled 
All Property - Answer-refers to policy used to insure building, equipment and stock 
under a single limit of Insurance 
T...
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Add to cartCAIB 2 Terms and 
Definitions 
Scheduled Coverage - Answer-refers to policy on which coverage is provided only on 
that property which is specifically identified or scheduled 
All Property - Answer-refers to policy used to insure building, equipment and stock 
under a single limit of Insurance 
T...
CAIB 3 Exam Questions 
with All Correct Answers 
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 w...
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Add to cartCAIB 3 Exam Questions 
with All Correct Answers 
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 w...
CAIB 3 Practice Exam 
Questions with Correct 
Answers 
What is the name given to the collection of written decisions? - Answer-Case Law 
Explain the concept of the Rule of Precedent. - Answer-Current court decisions must 
follow those made in cases having similar circumstances, which allows the de...
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Add to cartCAIB 3 Practice Exam 
Questions with Correct 
Answers 
What is the name given to the collection of written decisions? - Answer-Case Law 
Explain the concept of the Rule of Precedent. - Answer-Current court decisions must 
follow those made in cases having similar circumstances, which allows the de...
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