CAIB 1 Practice Questions With 100% Correct Answers (Pass!), Practice Exam for CAIB 1 Questions And Answers, CAIB 2 Final Exam Practice Test Questions & Answers 2024, CAIB 2 Practice Exam Questions And Answers Already Passed 100%, CAIB 2 - Chapter 1 Quest

Practice Exam for CAIB 1 Questions And Answers 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 other formal ag...

CAIB 2 Final Exam Practice Test Questions & Answers 2024 Define Loading - ANS-Additional rate charged over and above the fire rate. Define common carrier - ANS-Includes airline, railroads, trucking companies, and others that furnish transportation to any member of the public seeking their servic...

CAIB 3 Practice Exam Review Questions And Answers 100% Pass! What is the name given to the collection of written decisions? - ANS-Case Law Explain the concept of the Rule of Precedent. - ANS-Current court decisions must follow those made in cases having similar circumstances, which allows the de...

CAIB 2 - Chapter 1 Questions And Answers Exam Review The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - ANS-1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (ex. financial intere...

CAIB 2 - CHAPTER 1 Questions And Answers 100% Verified Only the property specifically listed or scheduled on the policy is insured. - ANS-Scheduled coverage. Building, Stock and Equipment are insured under a single limit of insurance. - ANS-Property of Every Description (POED) coverage. All p...

CAIB 2 - Chapter 6 Exam Review Qs&As identify three types of crime losses to real property - ANS-vandalism malicious acts burglary and arson identify three reasons why some types of personal property become 'target items' - ANS- convertibility (the ease with which property can be converted to...

CAIB 2 - CHAPTER 6 IBABC (Questions And Answers) 100% Verified Review 1) Convertibility; 2) Value; 3) Portability. - ANS-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...

CAIB 2 Practice Exam Questions And Answers Already Passed 100% 1 / 33 Waivers of Co-insurance clause are common on commercial property policies. What types of losses are applicable to this waiver of co-insurance? Identify 3 reasons why exclusions exist on commercial property policy. Co...