Caib 2 exam - Study guides, Class notes & Summaries

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CAIB 2 - Checkpoints exam 2024 with 100% correct answers What are two factors to consider when deciding which form of business interruption insurance to purchase? - correct answer i) Nature of business ii) Types of perils most likely to cause losses When using old financial statements to establish amount of insurance, what problems could be encountered? - correct answer Clients may be underinsured because future trends were not considered What type of employee salaries may not be considered a

CAIB 2 Exam – Questions & Verified Answers

CAIB 2 EXAM QUESTIONS AND ANSWERS

CAIB 2 EXAM STUDY GUIDE | CAIB2 MOCK FINAL

CAIB 4 Exam Questions with Correct Answers What are the two approaches to planning? Explain each - Answer-1) Top Down Planning - Management provides the mission, strategies, and objectives for the brokerage 2) Bottom Up Planning - Management provides the mission and broad strategies. Leaves the objectives, goals and activities to business units. What are the advantages and disadvantages of top down planning? - Answer-Advantages: Management feels in control and in charge of decision makin...

CAIB 2 EXAM

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 answersB. Equipment While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agrees not to exercise that right in respect to cer...