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[Show more]What two basic categories is the insurance business divided into? - Answer-Life and health insurance, 
and General insurance 
What type of licensed intermediary represents only one insurer? - Answer-Exclusive Agents 
What is the primary function of insurance? - Answer-A method of sharing the losses ...
Preview 1 out of 3 pages
Add to cartWhat two basic categories is the insurance business divided into? - Answer-Life and health insurance, 
and General insurance 
What type of licensed intermediary represents only one insurer? - Answer-Exclusive Agents 
What is the primary function of insurance? - Answer-A method of sharing the losses ...
How is professional liability insurance typically provided to an engineer? - Answer-A standalone 
policy is required 
What is the caregiver benefit limit? - Answer-$250 per week and an additional $50 for each 
dependant 
Where would an agent/broker find the exact details of what constitutes a condom...
Preview 2 out of 9 pages
Add to cartHow is professional liability insurance typically provided to an engineer? - Answer-A standalone 
policy is required 
What is the caregiver benefit limit? - Answer-$250 per week and an additional $50 for each 
dependant 
Where would an agent/broker find the exact details of what constitutes a condom...
The undertaking by one person to indemnify another person again loss or liability for loss in respect 
of a certain risk or peril to which he object of the insurance may be exposed, or to pay a sum of 
money or other thing of value upon the happening of a certain event. - Answer-Insurance 
The requi...
Preview 1 out of 2 pages
Add to cartThe undertaking by one person to indemnify another person again loss or liability for loss in respect 
of a certain risk or peril to which he object of the insurance may be exposed, or to pay a sum of 
money or other thing of value upon the happening of a certain event. - Answer-Insurance 
The requi...
Coverage's available under auto policies across Canada include 
a. Uninsured Motorist Coverage, Accident Benefits and Loss of or Damage to Insured Auto 
b. Accident Benefits and collision 
c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto 
d. All of the above - Answe...
Preview 3 out of 25 pages
Add to cartCoverage's available under auto policies across Canada include 
a. Uninsured Motorist Coverage, Accident Benefits and Loss of or Damage to Insured Auto 
b. Accident Benefits and collision 
c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto 
d. All of the above - Answe...
Which of the following is not a definition of "Certificate of Insurance"? 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. - Answer-a) It does not certif...
Preview 3 out of 25 pages
Add to cartWhich of the following is not a definition of "Certificate of Insurance"? 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. - Answer-a) It does not certif...
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