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.
Page 4 out of 74 results
Sort by
-
CAIB 1 Practice Questions | 100% Correct Answers | Verified | Latest 2024 Version
- Exam (elaborations) • 17 pages • 2024
-
- $10.59
- + learn more
CAIB 1 Practice Questions | 100% Correct 
Answers | Verified | Latest 2024 Version 
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 l...
-
CAIB 1 Chapter 1 Exam Questions And Answers
- Exam (elaborations) • 11 pages • 2023
-
- $11.49
- + learn more
CAIB 1 Chapter 1 Exam Questions And Answers 
Define in pure insurance terms ``risk." - ANS The chance of financial loss to which an object of insurance is exposed. 
 
List the three categories of risk generally faced by people. - ANS Personal - loss of health/life 
Property - objects 
Liability - negligent actions result in injury/damage 
 
State 4 possible options people can choose to deal with risk and give a brief explanation and example of each. - ANS Avoidance - all chance of fin...
-
CAIB 3 FINAL EXAMINATION QUESTIONS AND ANSWERS GRADED A
- Exam (elaborations) • 8 pages • 2024
-
- $12.49
- + learn more
CAIB 3 FINAL EXAMINATION QUESTIONS AND 
ANSWERS GRADED A 
Define the following insurance terms. 
Bill of Lading - Answer- Documents issued by carriers responsible for transporting or 
forwarding goods 
Constructive Total Loss (MARINE INSURANCE) - Answer- Occurs when the cost of 
salvaging the cargo is too high relative to the value saved 
Working Capital - Answer- Amounts of funds available to pay continuing business 
operating expenses until payment is received for work being undertaken by the ...
-
CAIB 4 Chapter 2- Study Guide Questions with 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
CAIB 4 Chapter 2- Study Guide Questions 
with 100% Correct Answers 
Organizing involves determining the way the brokerage's activities will be divided into 
manageable units. Identify 3 elements to organizing effectively. - Answer- 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. - Answer- 1. Line Organization- best su...
-
CAIB 2 - Chapter 6 Latest Update Graded A+
- Exam (elaborations) • 10 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
CAIB 2 - Chapter 6 Latest Update 
 
Graded A+ 
 
3 Considerations that make some property items "Target Items" and provide an explanation for 
each 1) Convertibility; the ease at which property can be sold and converted to cash 2) 
Value; higher valued articles are more attractive to thieves 3) Portability; the ease at which 
property can be transported 
 
4 methods used by thieves which may cause loss to insured property & provide an example 
1) Forceable entry into building; entry by breakin...
Get paid weekly? You can!
-
CAIB 4 Chapter 2- Study Guide Questions with 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
-
- $12.49
- + learn more
CAIB 4 Chapter 2- Study Guide Questions 
with 100% Correct Answers 
Organizing involves determining the way the brokerage's activities will be divided into 
manageable units. Identify 3 elements to organizing effectively. - Answer- 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. - Answer- 1. Line Organization- best su...
-
CAIB 2 Chapter 4 Practice Test 1
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
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 ...
-
CAIB 2 - Chapter 5 Questions & Answers 100% C0rrect
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
identify three reasons why a bailee may have temporary custody of the personal property of another - ANSWERfor repair 
 
for safekeeping or storage 
 
for delivery to others 
 
identify three examples of businesses who may be bailees for hire - ANSWERsmall engine repair shops 
 
dry cleaners 
 
tailors 
 
briefly explain the level of 'ordinary care' to be exercised by a bailee - ANSWERthere is a legal duty on the bailee to take the same care of goods of others as would be taken by a prudent an...
-
CAIB 2 Questions With Complete Solutions
- Exam (elaborations) • 22 pages • 2024
-
- $12.49
- + learn more
CAIB 2 Questions With Complete Solutions 
 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 
 
While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agr...
-
CAIB 1 Practice Questions (100) with Correct Answers
- Exam (elaborations) • 20 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
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...
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia