Caib 1 chapter 3 exam - Study guides, Class notes & Summaries
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CAIB 2 - Chapter 1 Questions And Answers Exam Review
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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 interest, home, mortgage) 
3) the amount of insurance specified on the "Declarations Page" for the loss or damaged property (least 
amount|) 
Identify the four categories that buildings may fall into: - ...
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CAIB Exam 1- Chapter 3 Questions With 100% Correct Answers 2023-2024
- Exam (elaborations) • 6 pages • 2023
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CAIB Exam 1- Chapter 3 Questions With 100% Correct Answers
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CAIB Exam 1- Chapter 3 with Complete Solutions
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CAIB Exam 1- Chapter 3 with Complete Solutions
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CAIB 3 Chapter 1 Exam Questions and Answers 100% Pass
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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 criminal wrongs - Answer- Certain uses of an automobile 
Possession and trafficking of drugs 
Murder 
Voluntary manslaughter 
Burglary, robbery and theft 
Price fixing 
Pollution of the air and water ...
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CAIB 3 Chapter 6 Exam Questions and Answers 100% Pass
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CAIB 3 Chapter 6 Exam Questions and 
Answers 100% Pass 
Identify the two dimensions of the risk management process - Answer- 1. A decision 
process 
2. A management or administrative process 
Identify the five steps in the decision making process - Answer- Step 1 - Identify & 
analyze loss exposure 
Step 2 - Examine alternative risk management techniques 
Step 3 - Select risk management techniques 
Step 4 - Implement techniques 
Step 5 - Monitor results 
Identify the four administrative areas in...
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CAIB 1 - Chapter 1 UPDATED Exam Questions and CORRECT Answers
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CAIB 1 - Chapter 1 UPDATED Exam 
Questions and CORRECT Answers 
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 - Correct ANSWER- 1) Risk Avoidance 2) Risk 
Retention 3) Risk Control 4) Risk Transfer 
Define "Risk Avoidance" - Correct ANSWER- To avoid doing something in order to eliminate 
the chanc...
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Bundle For CAIB Exam Questions with Correct Answers
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CAIB 3 Practice Exam Questions and Answers All Correct

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CAIB 1 Practice Exam Questions with Correct Answers

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CAIB 2 CHAPTER 1 Exam Questions and Correct Answers

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CAIB 1 Exam Questions with Correct Answers

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CAIB 3 Exam Questions with Correct Answers

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CAIB 2 - CHAPTER 6 EXAM
- Exam (elaborations) • 8 pages • 2024
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CAIB 2 - CHAPTER 6 EXAM 
1) Convertibility; 
2) Value; 
3) Portability. - Answer ️️ -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 enclosures; 
3) Unforced entry into building or protected enclosures; 
4) Forced opening of building and protected enclosures; 
5) Vandalism and mailicious acts; 
6) Espionage; 
7) Shoplifting; 
8) Employee theft. - Answer ️️ -Meth...
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CAIB 3 Chapter 3 Exam Questions and Answers 100% Pass
- Exam (elaborations) • 13 pages • 2024
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CAIB 3 Chapter 3 Exam Questions and 
Answers 100% Pass 
Identify, other than in Quebec two different systems used to insure automobiles in 
Canada - Answer- 1. Private insurers 
2. Compulsory government insurance plans 
Identify three types of Standard Policy Forms (SPF) that are used to insure vehicles - 
Answer- SPF No 1. Owners Form 
SPF No 4. Standard garage automobile policy 
SPF No 6. Standard non-owned automobile policy 
Briefly explain what is meant by standard policy forms - Answer- Pol...
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CAIB 3 Chapter 3 Exam Questions and Answers 100% Pass
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
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- $12.49
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CAIB 3 Chapter 3 Exam Questions and 
Answers 100% Pass 
Identify, other than in Quebec two different systems used to insure automobiles in 
Canada - Answer- 1. Private insurers 
2. Compulsory government insurance plans 
Identify three types of Standard Policy Forms (SPF) that are used to insure vehicles - 
Answer- SPF No 1. Owners Form 
SPF No 4. Standard garage automobile policy 
SPF No 6. Standard non-owned automobile policy 
Briefly explain what is meant by standard policy forms - Answer- Pol...
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