Caib 2 terms - Study guides, Class notes & Summaries

CAIB 2 -Terms and Definitions Questions with correct AnswersScheduled Coverage - Answer- refers to policy on which coverage is provided only on that property which is specifically identified or scheduled All Property - Answer- refers to policy used to insure building, equipment and stock under a single limit of Insurance Tenants Improvement - Answer- building improvements, alteration and betterments made at expense of or purchased by the insured to a building occupied by the insured and which ar...

CAIB 2 - Key Terms

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 ...

Caib 2 exam terms review

CAIB 1 Chapter 7 Questions and Answers Already Passed Who is responsible for the administration of the insurance act in your province? MB Government Outline the initial licensing requirements, whether there are different levels of licenses, the supervision requirements, and license terms in your province. Insurance license required. CAIB 1 with supervision Outline the class of license issued in our province and whether this license would be valid in other provinces. CAIB, this is t...

CAIB 1 Chapter 7 Question and answers already passed 2024 Who is responsible for the administration of the insurance act in your province? - correct answer MB Government Outline the initial licensing requirements, whether there are different levels of licenses, the supervision requirements, and license terms in your province. - correct answer Insurance license required. CAIB 1 with supervision Outline the class of license issued in our province and whether this license would be val...

CAIB 2 Latest Version with Certified Answers Scheduled Coverage refers to policy on which coverage is provided only on that property which is specifically identified or scheduled All Property refers to policy used to insure building, equipment and stock under a single limit of Insurance Tenants Improvement building improvements, alteration and betterments made at expense of or purchased by the insured to a building occupied by the insured and which are not otherwise insured, prov...

CAIB 2 Question and answers 100% correct 2024 Define "Endorsement" - correct answer endorsements change the terms of existing policies Define "Rider" - correct answer Riders add coverages to those already on the policy What values are insured on a Glass Rider - correct answer 1) Glass 2) Artwork on glass 3) Tape & Foil on glass When would tenants require Glass Riders? - correct answer tenants may require glass riders when they have assumed responsibility for damage to glas...

Caib 2 - Key Terms Questions And Answers With Verified Solutions Already Passed!!!(GRADED A+) Latest Updated 2024

CAIB 2 Terms and Definitions Scheduled Coverage - Answer-refers to policy on which coverage is provided only on that property which is specifically identified or scheduled All Property - Answer-refers to policy used to insure building, equipment and stock under a single limit of Insurance Tenants Improvement - Answer-building improvements, alteration and betterments made at expense of or purchased by the insured to a building occupied by the insured and which are not otherwise insured, pr...