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1 Exam (elaborations) CAIB 2 Exam Questions with Correct Answers 2 Exam (elaborations) CAIB 3 Exam Questions with All Correct Answers 3 Exam (elaborations) CAIB 1 Practice Exam Questions and Answers All Correct 4 Exam (elaborations) CAIB 3 Practice Exam Questions with Correct Answers 5 Exam (el...

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CAIB 4 Exam Questions and Correct Answers

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CAIB 4 Exam Questions and Correct Answers 4 Forms of operating affiliations - Answer-loosely knit, general purpose groups, clusters, common identity groups What are the considerations when evaluating operating affiliations - Answer-services and support, exclusivity, fees, contractual agreemen...

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CAIB 2 Terms and Definitions

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CAIB 2 Terms and Definitions Scheduled Coverage - Answer-refers to policy on which coverage is provided only on that property which is specifically identified or scheduled All Property - Answer-refers to policy used to insure building, equipment and stock under a single limit of Insurance Te...

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CAIB 3 Practice Exam Questions with Correct Answers

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CAIB 3 Practice Exam Questions with Correct Answers 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 de...

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CAIB 1 Practice Exam Questions and Answers All Correct

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CAIB 1 Practice Exam Questions and Answers All Correct Insurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other...

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CAIB 3 Exam Questions with All Correct Answers

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CAIB 3 Exam Questions with All Correct Answers Civil Law - Answer-the body of law concerned with civil or private rights and remedies, as contrasted with criminal law which deals with wrongs against society. Tort - Answer-a private or civil wrong or injury, other than breach of contract, for w...

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