Caib 2 exam with 1 - Study guides, Class notes & Summaries
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CAIB 2 Champter 1 Exam with 100% Correct Answers
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CAIB 2 Champter 1 Exam with 100% 
Correct Answers 
Only the property specifically listed or scheduled on the policy is insured. - answerScheduled 
coverage. 
Building, Stock and Equipment are insured under a single limit of insurance. - 
answerProperty of Every Description (POED) coverage. 
All property owned by the insured is covered or "blanketed" by a single limit of insurance. (May 
insure property at more than one location.) - answerAll Property (Blanket) coverage. 
1) Building 
2) Equipm...
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CAIB 2 PRACTICE EXAM WITH GUARANTEED COMPLETE ANSWERS 2024|VERIFIED
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CAIB 2 PRACTICE EXAM 
CAIB 2 PRACTICE EXAM WITH GUARANTEED COMPLETE ANSWERS 2024|VERIFIED 
 
 
Waivers of Co-insurance clause are common on commercial property policies. What types of losses are applicable to this waiver of co-insurance? - Accurate AnswerIs less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
 
Identify 3 reasons why exclusions exist on commercial property policy. - Accurate Answerlosses which are generally considered by insurers to be commercially ...
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CAIB 2 Chapter 5 Practice Test 1 exam 2024 with 100- correct answers.
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CAIB 2 Chapter 5 Practice Test 1 exam 2024 with 100- correct answers.
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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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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 Practice Exam Questions and Answers 100% Correct
- Exam (elaborations) • 24 pages • 2024
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CAIB 2 Practice Exam Questions and 
Answers 100% Correct 
Waivers of Co-insurance clause are common on commercial property policies. What 
types of losses are applicable to this waiver of co-insurance? 
Is less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
Identify 3 reasons why exclusions exist on commercial property policy. 
losses which are generally considered by insurers to be commercially insurable: 
1. Deliberate acts of violence -war, rebellion 
2. losses w...
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CAIB 2 Chapter 5 Practice Test 1 Exam With 100% Correct Answers 2023-2024
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CAIB 2 Chapter 5 Practice Test 1 Exam With 100% Correct Answers
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CAIB 2 Chapter 2 Practice Exam 1 With 100% Correct Answers 2023-2024
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CAIB 2 Chapter 2 Practice Exam 1 With 100% Correct Answers
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CAIB 2 Chapter 1 Practice exam 2 with 100% correct answers
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CAIB 2 Chapter 1 Practice exam 2 with 
100% correct answers 
Identify the company which assumes the greatest portion of an accountanswerLead 
Company 
What is re-insuranceansweran insurance company 'ceding' part of the risk to a re-insurer 
What are three considerations used when determining amounts of indemnity?answeri) Actual 
Cash Value of the property as it existed immediately prior to the loss 
ii) The interest of the insured in the property 
iii) The amount of insurance as shown on the p...
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CAIB 4 Exam Questions With 100% Correct Answers 2024|2025
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CAIB 4 Exam Questions With 100% Correct Answers 2024|2025 
 
What are the two approaches to planning? Explain each - Correct Answer 
1) Top Down Planning - Management provides the mission, strategies, and objectives for the brokerage 
2) Bottom Up Planning - Management provides the mission and broad strategies. Leaves the objectives, goals and activities to business units. 
 
What are the advantages and disadvantages of top down planning? - Correct Answer Advantages: Management feels in control...
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