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 1 Chapter 1 questions / definitions with 100% correct answers
- Exam (elaborations) • 11 pages • 2024
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Caib 1 Chapter 1 questions / definitions 
with 100% correct answers 
Identify 4 possible options to deal with Risk , describe each - Answer- 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? - Answer- Transfer of 
Risk 
Identify the 5 elements required in all types of contracts - Answer-...
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CAIB 1 Chapter 2 Question and answers correctly solved 2024
- Exam (elaborations) • 7 pages • 2024
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CAIB 1 Chapter 2 Question and answers correctly solved 2024 Identify the three most common homeowners policies in use today. - correct answers Homeowners Basic Form (IBC1151) 
Homeowners Broad Form (IBC1153) 
Homeowners Comprehensive Form (IBC1155) 
 
In addition to single family dwellings, identify 4 other risks that may be eligible for homeowner's policy. - correct answers 1. Dwellings containing more than 1 family 
2. For insureds having more than one principal dwelling 
3. Mobile homes si...
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CAIB 2 Final Exam Practice Test Questions & Answers 2024
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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 services. 
Define "Bailee for Hire" - ANS-One who has temporary custody of the personal property of another 
for a purpose other than sale and who is compensated as a condition of such custody. 
Define d...
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CAIB 2 Chapter 4 Practice Test 1
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CAIB 2 Chapter 4 Practice Test 1 
Define Endorsement. - Answer ️️ -Endorsements change terms of existing policies 
Define Rider. - Answer ️️ -Riders add coverages to those all ready on policy 
Indicate Covered or Not Covered on Sign Form (C/NC) 
a) mechanical breakdown 
b) damage caused by power surge 
c) damage caused when dropped during installation 
d) damage caused by freezing 
e) damage caused by striking employees - Answer ️️ -a) NC mechanical breakdown 
b) NC damage caused by ...
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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...
Too much month left at the end of the money?
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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
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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 1 Chapter 1 questions / definitions with 100% correct answers
- Exam (elaborations) • 11 pages • 2024
-
- $12.49
- + learn more
Caib 1 Chapter 1 questions / definitions 
with 100% correct answers 
Identify 4 possible options to deal with Risk , describe each - Answer- 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? - Answer- Transfer of 
Risk 
Identify the 5 elements required in all types of contracts - Answer-...
-
CAIB 1 - Chapter 2 Practice Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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CAIB 1 - Chapter 2 Practice Questions and 
Answers 100% Pass 
What are the 3 types of Homeowners Forms? - Answer- 1. Homeowners Basic 2. 
Homeowners Broad 3. Homeowners Comprehensive 
Who develops insurance forms? - Answer- Insurance Bureau of Canada 
What types of risks are now eligible for coverage? - Answer- 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 characterist...
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CAIB 1 - Chapter 2 Practice Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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- $12.49
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CAIB 1 - Chapter 2 Practice Questions and 
Answers 100% Pass 
What are the 3 types of Homeowners Forms? - Answer- 1. Homeowners Basic 2. 
Homeowners Broad 3. Homeowners Comprehensive 
Who develops insurance forms? - Answer- Insurance Bureau of Canada 
What types of risks are now eligible for coverage? - Answer- 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 characterist...
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