Caib 3 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Caib 3? On this page you'll find 456 study documents about Caib 3.
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
- Exam (elaborations) • 16 pages • 2024
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CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) 
principal fails therein." 
-Promises to answer for the default of the principal. 
Suretyship - Answer- A guarantee of performance made...
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CAIB 3 Chapter 5 Exam Questions and Answers 100% Pass
- Exam (elaborations) • 15 pages • 2024
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CAIB 3 Chapter 5 Exam Questions and 
Answers 100% Pass 
Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity 
Bonds 
2. Surety Bonds 
Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from 
the dishonest acts of their employees. Today employees do not purchase their own 
Fidelity Bonds. Instead employers purchase employee dishonesty insurance 
Identify and explain the three C's that all underwriters take very seriously, and that ...
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
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CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) 
principal fails therein." 
-Promises to answer for the default of the principal. 
Suretyship - Answer- A guarantee of performance made...
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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 EXAM PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED
- Exam (elaborations) • 15 pages • 2024
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CAIB 3 EXAM PRACTICE QUESTIONS 2024 
CAIB 3 EXAM PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED 
 
 
What is the name given to the collection of written decisions? - Accurate AnswerCase Law 
 
Explain the concept of the Rule of Precedent. - Accurate AnswerCurrent court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. 
 
Explain the meaning o...
Too much month left at the end of the money?
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CAIB 3 Practice Exam Questions and Answers 100% Pass
- Exam (elaborations) • 20 pages • 2024
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CAIB 3 Practice Exam Questions and 
Answers 100% Pass 
What is the name given to the collection of written decisions? - Answer- Case Law 
Explain the concept of the Rule of Precedent. - Answer- Current court decisions must 
follow those made in cases having similar circumstances, which allows the development 
of a logical body of general principles against which specific cases to be compared. 
Explain the meaning of the term "damages". - Answer- Compensation in money for the 
loss or damage su...
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CAIB 3 Chapter 5 Exam with Answers 100% Correct
- Exam (elaborations) • 9 pages • 2024
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CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exam with Answers 100% Correct CAIB 3 Chapter 5 Exa...
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CAIB 3 Chapter 5 Exam Questions and Answers 100% Pass
- Exam (elaborations) • 15 pages • 2024
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- $12.49
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CAIB 3 Chapter 5 Exam Questions and 
Answers 100% Pass 
Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity 
Bonds 
2. Surety Bonds 
Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from 
the dishonest acts of their employees. Today employees do not purchase their own 
Fidelity Bonds. Instead employers purchase employee dishonesty insurance 
Identify and explain the three C's that all underwriters take very seriously, and that ...
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CAIB 3 FINAL EXAMINATION QUESTIONS AND ANSWERS ALREADY PASSED
- Exam (elaborations) • 10 pages • 2024
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Define the following insurance terms. 
Bill of Lading Documents issued by carriers responsible for transporting or forwarding 
goods 
Constructive Total Loss (MARINE INSURANCE) Occurs when the cost of salvaging the 
cargo is too high relative to the value saved 
Working Capital Amounts of funds available to pay continuing business operating expenses 
until payment is received for work being undertaken by the contractor 
Penalty (SURETY BOND) Amount of credit given to the principal by the surety ...
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CAIB 3 Exam - Questions & Correct Answers
- Exam (elaborations) • 12 pages • 2023
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CAIB 3 Exam - Questions & Correct Answers
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