Caib iii Study guides, Class notes & Summaries

D. Is primarily concerned with the compensation of victims for their losses correct answersThe following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed against the state B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action C. Uses punitive sanctions as a men's of enforcing its many rules D. Is primarily con...

D. Is primarily concerned with the compensation of victims for their losses - Answer- The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed against the state B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action C. Uses punitive sanctions as a men's of enforcing its many rules D. Is primarily concerne...

CAIB III Question and answers 100% correct 2024 D. Is primarily concerned with the compensation of victims for their losses - correct answer The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed against the state B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action C. Uses punitive sanctions as a m...

CAIB III

CAIB III EXAM/78 QUESTIONS AND ANSWERS

CAIB 2 Chapter 2 Practice Exam 1 Already Graded A 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 cove...

CAIB 1 Chapter 7 Questions and Answers Already Passed Who is responsible for the administration of the insurance act in your province? MB Government Outline the initial licensing requirements, whether there are different levels of licenses, the supervision requirements, and license terms in your province. Insurance license required. CAIB 1 with supervision Outline the class of license issued in our province and whether this license would be valid in other provinces. CAIB, this is t...

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 7 Practice Test 1 Graded A+ Provide four sources of Business Interruption losses and an example of each. i) Physical damage to business example: Fire destroys business and customers cannot make purchases ii) Failure of public utilities example: Ice storm damages power lines and power cannot be restored for several weeks. This results in sales at the business to plummet iii) Transportation related accidents example: Railcar containing hazardous gas overturns causing ev...

CAIB II- Chapter 6 Exam Questions and Answers List three considerations that make some property items 'target' items and provide an explanation for each - Answer ️️ -i) Convertibility (ease at which property can be sold and converted to cash) ii) Value (higher valued articles are more attractive to thieves) iii) Portability (this refers to the east at which property can be transported) Other than forced entry into safes, what are four methods used by thieves which may result in loss...