Caib 3 chapter 3 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Caib 3 chapter 3? On this page you'll find 237 study documents about Caib 3 chapter 3.
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
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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 2 WORKBOOK QUESTION with correct answers
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CAIB 3 CHAPTER 2 WORKBOOK QUESTION with correct answers
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CAIB 3 Chapter 1 Exam Questions and Answers 100% Pass
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CAIB 3 Chapter 1 Exam Questions and 
Answers 100% Pass 
Identify the two divisions in the Canadian Legal System - Answer- Criminal Law 
Civil Law 
Should brokers always recommend clients questions concerning maters of law to a 
qualified legal practitioner? - Answer- Yes 
Identify eight examples of criminal wrongs - Answer- Certain uses of an automobile 
Possession and trafficking of drugs 
Murder 
Voluntary manslaughter 
Burglary, robbery and theft 
Price fixing 
Pollution of the air and water ...
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CAIB 3 Chapter 1 Exam Questions and Answers 100% Pass
- Exam (elaborations) • 14 pages • 2024
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CAIB 3 Chapter 1 Exam Questions and 
Answers 100% Pass 
Identify the two divisions in the Canadian Legal System - Answer- Criminal Law 
Civil Law 
Should brokers always recommend clients questions concerning maters of law to a 
qualified legal practitioner? - Answer- Yes 
Identify eight examples of criminal wrongs - Answer- Certain uses of an automobile 
Possession and trafficking of drugs 
Murder 
Voluntary manslaughter 
Burglary, robbery and theft 
Price fixing 
Pollution of the air and water ...
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CAIB 2- Chapter 3 questions with correct answers
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CAIB 2- Chapter 3 questions with correct answers
Too much month left at the end of the money?
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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 Questions and Answers Rated A+
- Exam (elaborations) • 16 pages • 2024
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CAIB 4 - Chapter 2 Questions and 
 
Answers Rated A+ 
 
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 
2. Functional organization 
3. Line and staff organization 
 
Identify which type of brokerage is best suited for a line organization and brie...
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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 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 1 - Chapter 1 Questions and Answers Rated A+
- Exam (elaborations) • 15 pages • 2024
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CAIB 1 - Chapter 1 Questions and 
 
Answers Rated A+ 
 
Define "Risk" The chance of a financial loss to which the object of insurance may be 
exposed to 
 
List 3 Categories of Risk 1) Personal 2) Property 3) Liability 
 
List 4 Types of Risk Management Techniques 1) Risk Avoidance 2) Risk Retention 3) Risk 
Control 4) Risk Transfer 
 
Define "Risk Avoidance" To avoid doing something in order to eliminate the chance of risk 
 
Define "Risk Retention" To self-insure or to pay for losses the...
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