Caib 2 practice exa - Study guides, Class notes & Summaries
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CAIB 2 Chapter 2 Practice Exam 1 Questions and Answers 100% Pass
- Exam (elaborations) • 2 pages • 2024
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CAIB 2 Chapter 2 Practice Exam 1 
Questions and Answers 100% Pass 
What are three advantages using a fact find or survey? - Answer- i) Assists brokers 
when identifying potential losses 
ii) Assists brokers not to sell coverages client does not need 
iii) Assists brokers in collecting information needed by insurance companies 
What are three benefits of commercial property checklists and which is most important 
to brokers? - Answer- i) Assists brokers when identifying potential losses 
ii) Assi...
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CAIB 2 Practice Exam Questions and Answers 100% Correct
- Exam (elaborations) • 0 pages • 2024
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CAIB 2 Practice Exam Questions and 
Answers 100% Correct 
Waivers of Co-insurance clause are common on commercial property policies. What 
types of losses are applicable to this waiver of co-insurance? 
Is less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
Identify 3 reasons why exclusions exist on commercial property policy. 
losses which are generally considered by insurers to be commercially insurable: 
1. Deliberate acts of violence -war, rebellion 
2. losses w...
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CAIB 2 Chapter 2 Practice Exam 1 Already Graded A
- Exam (elaborations) • 3 pages • 2024
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What are three advantages using a fact find or survey? i) Assists brokers when identifying 
potential losses 
ii) Assists brokers not to sell coverages client does not need 
iii) Assists brokers in collecting information needed by insurance companies 
What are three benefits of commercial property checklists and which is most important to 
brokers? i) Assists brokers when identifying potential losses 
ii) Assists brokers to make sure coverages are not overlooked 
iii) Assists brokers in reducing...
-
CAIB 2 Chapter 2 Practice Exam 1 with 100% verified solutions
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
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- $10.49
- + learn more
CAIB 2 Chapter 2 Practice Exam 1 with 
100% verified solutions 
What are three advantages using a fact find or survey? - answeri) Assists brokers when 
identifying potential losses 
ii) Assists brokers not to sell coverages client does not need 
iii) Assists brokers in collecting information needed by insurance companies 
What are three benefits of commercial property checklists and which is most important to 
brokers? - answeri) Assists brokers when identifying potential losses 
ii) Assists bro...
-
CAIB 2 Chapter 2 Practice Exam 1 with verified correct answers.
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
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- $10.99
- + learn more
CAIB 2 Chapter 2 Practice Exam 1 with verified correct answers.
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CAIB 2 Chapter 5 Practice Test 1 Exam With 100% Correct Answers 2023-2024
- Exam (elaborations) • 3 pages • 2023
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CAIB 2 Chapter 5 Practice Test 1 Exam With 100% Correct Answers
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