Caib 1 practice questions - Study guides, Class notes & Summaries
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CAIB 1 Practice Questions | 100 Questions with 100% Correct Answers | Verified | Updated 2023-2024
- Exam (elaborations) • 12 pages • 2023
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CAIB 1 Practice Questions | 100 Questions with 100% Correct Answers | Verified | Updated
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CAIB 1 Practice Questions (100) With Correct Answers.
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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CAIB 1 Practice Questions (100) With Correct Answers.
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CAIB 1 Practice Questions (100) with complete solutions
- Exam (elaborations) • 21 pages • 2023
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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 company owned by stockholders who provide ...
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CAIB 1 Practice Questions (100) UPDATED Exam Questions and CORRECT Answers
- Exam (elaborations) • 12 pages • 2024
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CAIB 1 Practice Questions (100) UPDATED 
Exam Questions and 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 - Correct ANSWER- d. An exchange of something of 
value 
A stock company is... 
a. A company that invests in other companies
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CAIB 1 Practice Questions (100) with correct answers
- Exam (elaborations) • 20 pages • 2024
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- $15.49
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CAIB 1 Practice Questions (100) with correct answers
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CAIB 1 Practice Questions (100) Answered 100% Correct -2023
- Exam (elaborations) • 12 pages • 2023
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CAIB 1 Practice Questions (100) Answered 100% Correct -2023
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CAIB 1 - Chapter 1 Practice Questions and Answers 100% Correct
- Exam (elaborations) • 9 pages • 2024
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CAIB 1 - Chapter 1 Practice Questions and 
Answers 100% Correct 
Define "Risk" - Answer- The chance of a financial loss to which the object of insurance 
may be exposed to 
List 3 Categories of Risk - Answer- 1) Personal 2) Property 3) Liability 
List 4 Types of Risk Management Techniques - Answer- 1) Risk Avoidance 2) Risk 
Retention 3) Risk Control 4) Risk Transfer 
Define "Risk Avoidance" - Answer- To avoid doing something in order to eliminate the 
chance of risk 
Define "Risk Retention...
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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
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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 cash)
value
portability
identify eight methods used
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CAIB 1 Practice Questions | 100% Correct Answers | Verified | Latest 2024 Version
- Exam (elaborations) • 17 pages • 2024
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- $10.49
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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 - 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 - b. A company owned by stockholders who provide the capital to 
start and run the ...
-
CAIB 1 Practice Questions (100) with correct answers
- Exam (elaborations) • 20 pages • 2023
- Available in package deal
-
- $13.99
- + learn more
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 company owned by stockholders who provide ...
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