Caib 1 chapter 1 4 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Caib 1 chapter 1 4? On this page you'll find 176 study documents about Caib 1 chapter 1 4.
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CAIB 4 Chapter 8 Latest Version with Complete Solutions
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CAIB 4 Chapter 8 Latest Version with 
 
Complete Solutions 
 
Technology development has had a major impact on the insurance industry. It has completely 
transformed the way information is recorded and transmitted between the parties involved in 
insurance transactions. Identify five functions that the effective utilization of technology will 
allow brokers to realize. 1. Improve client service levels 
 
2. Store information safely and convenietly 
3. Reduce operating costs 
4. Handle large volu...
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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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CAIB 4 Chapter 2- Study Guide Questions with Complete Solutions
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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 2 - CHAPTER 1 Questions And Answers 100% Verified
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CAIB 2 - CHAPTER 1 Questions And Answers 100% Verified 
Only the property specifically listed or scheduled on the policy is insured. - ANS-Scheduled 
coverage. 
Building, Stock and Equipment are insured under a single limit of insurance. - ANS-Property 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.) - ANS-All Property (Blanket) coverage. 
1) Building 
2) Equi...
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CAIB 1 Chapter 7 Questions and Answers Already Passed
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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...
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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 2 STUDY NOTES CHAPTER 3 Question and answers correctly solved 2024
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CAIB 2 STUDY NOTES CHAPTER 3 Question and answers correctly solved 2024 Identify three leading causes of fires in Canada - correct answer 1. Arson or suspected arson 
2. Failure or malfunction of mechanical or electrical equipment 
3. Misuse of source of ignition 
 
Identify what information is requied by law to apper on all insurance polcies - correct answer 1. Name of parties to the contract 
2. Policy period 
3. Loss payable of payee 
4. Summary of insurance coverages and amounts fo...
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CAIB 2 - CHAPTER 1 QUESTIONS AND ANSWERS ALREADY PASSED
- Exam (elaborations) • 13 pages • 2024
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CAIB 2 - CHAPTER 1 QUESTIONS AND 
ANSWERS ALREADY PASSED 
 
Scheduled coverage. Only the property specifically listed or scheduled on the policy is 
insured. 
 
Property of Every Description (POED) coverage. Building, Stock and Equipment are insured 
under a single limit of insurance. 
 
All Property (Blanket) 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.) 
 
The three classes of property i...
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CAIB 2 Chapter 4 Practice Test 1
- Exam (elaborations) • 6 pages • 2024
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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 Chapter 5 Farm Insurance Questions and Answers Graded A+
- Exam (elaborations) • 6 pages • 2024
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CAIB 1 Chapter 5 Farm Insurance 
Questions and Answers Graded A+ 
 
Define farming premises for crops and livestock 
roadside stands and farmers markets 
 
Three Basic differences between types of arms 1) The product grown or produced 
2) Types of specialized machinery or equipment used 
3) The types of buildings required 
 
Identify the 4 coverages generally provided by most farm policies 1) dwelling building and 
personal property 
2) Major outbuildings and contents 
3) Machinery and equipment...
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