Caib 2 b Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Caib 2 b? On this page you'll find 74 study documents about Caib 2 b.
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Caib 2 Question and answers already passed 2024
- Exam (elaborations) • 26 pages • 2024
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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 concealed defect, which cannot be discovered by reasonable and customary inspection 
 
Endorsement - correct answer Changes the terms or conditions of the insured's policy 
 
Messenger - correct answer ...
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CAIB 2 PASSED Exam Questions and CORRECT Answers
- Exam (elaborations) • 21 pages • 2024
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CAIB 2 PASSED Exam Questions and 
CORRECT Answers 
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. Stock 
B. Equipment 
C. Building 
D. Business Interruption - Correct ANSWER- B. Equipment
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CAIB 1 PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED
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CAIB 1 PRACTICE QUESTIONS 2024 
CAIB 1 PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED 
 
 
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 - Accurate Answerd. An exchange of something of value 
 
A stock company is... 
a. A company that invests in other companies 
 
b. A company owned by stockholders who provide the capital to start and run the company 
 
c. Is owned by cus...
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CAIB 1 CHAPTER 1 QUESTIONS AND ANSWERS RATED A+
- Exam (elaborations) • 17 pages • 2024
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CAIB 1 CHAPTER 1 QUESTIONS AND 
 
ANSWERS RATED A+ 
 
Identify 4 possible options to deal with Risk , describe each Control the Risk ( loss control 
measures) 
Avoid the Risk ( rent Rather than buy ) 
Retain the risk ( self insurance or share risk through deductibles) 
Transfer the Risk ( purchase insurance ) 
 
Out of the 4 means of managing risk, which is the most practical? Transfer of Risk 
 
Identify the 5 elements required in all types of contracts Agreement , Consideration , 
Legality of ...
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CAIB 1 CAIB 1 Practice Questions (100) And Answers
- Exam (elaborations) • 14 pages • 2023
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CAIB 1 CAIB 1 Practice Questions (100) And Answers 
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 - ANS d. An exchange of something of value 
 
A stock company is... 
a. A company that invests in other companies 
 
b. A company owned by stockholders who provide the capital to start and run the company 
 
c. Is owned by customers of the company 
 
d. A company that owns livestock - ANS b...
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CAIB 1 - Chapter 2 Questions and Answers Graded A+
- Exam (elaborations) • 12 pages • 2024
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CAIB 1 - Chapter 2 Questions and 
 
Answers Graded A+ 
 
What are the 3 types of Homeowners Forms? 1. Homeowners Basic 2. Homeowners Broad 
3. Homeowners Comprehensive 
 
Who develops insurance forms? Insurance Bureau of Canada 
 
What types of risks are now eligible for coverage? Dwellings containing more than one 
family, Insureds who own more than one dwelling, Mobile homes on full basements, dwellings 
in course of construction 
 
What are the common characteristics of Homeowners Forms? 1. C...
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CAIB 4 Chapter 2- Study Guide Questions with Complete Solutions
- Exam (elaborations) • 14 pages • 2024
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CAIB 4 Chapter 2- Study Guide 
Questions with Complete Solutions 
 
Organizing involves determining the way the brokerage's activities will be divided into 
manageable units. Identify 3 elements to organizing effectively. 1. Creating an 
Organizational Structure 
2. Defining employee relationships 
3.Establishing Position Descriptions 
 
Identify 3 basic forms of organizational structure based on the way authority and responsibility is 
delegated. 1. Line Organization- best suited for smaller b...
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CAIB 1 Practice Questions (100) with Correct Answers
- Exam (elaborations) • 20 pages • 2024
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CAIB 1 Practice Questions (100) with Correct Answers 
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 - Answer- d. An exchange of something of value 
A stock company is... 
a. A company that invests in other companies 
b. A company owned by stockholders who provide the capital to start and run the 
company 
c. Is owned by customers of the company 
d. A company that owns livestock - Answer- b. A compa...
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CAIB 2 Chapter 2 Practice Exam 1 Already Graded A
- Exam (elaborations) • 3 pages • 2024
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CAIB 2 Chapter 2 Practice Exam 1 
 
Already Graded A 
 
What are three advantages using a fact find or survey? i) Assists brokers when identifying 
potential losses 
ii) Assists brokers not to sell coverages client does not need 
iii) Assists brokers in collecting information needed by insurance companies 
 
What are three benefits of commercial property checklists and which is most important to 
brokers? i) Assists brokers when identifying potential losses 
ii) Assists brokers to make sure cove...
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CAIB 1 Practice Exam Questios with 100% Correct Answers
- Exam (elaborations) • 14 pages • 2024
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CAIB 1 Practice Exam Questios with 100% 
Correct Answers 
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 - answerd. An exchange of something of value 
A stock company is... 
a. A company that invests in other companies 
b. A company owned by stockholders who provide the capital to start and run the company 
c. Is owned by customers of the company 
d. A company that owns livestock - answerb. A compan...
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