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CAIB 2 - CHAPTER 2 Exam Questions With 100% Accurate Solutions
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Three purposes of survey forms. - CORRECT ANSWER-1) Assists to identify loss exposures; 2) Helps eliminate purchase of coverage that isn't needed; 3) Assists in development of underwriting information the insurer needs. Three advantages of using a property checklist with clients. - CORRECT ANS...

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  • August 12, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • caib 2 chapter 2 exam questions with 100 accura
  • caib 2 chapter 2 exam questions stuvia
  • three purposes of survey forms correct answer 1

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  • CAIB 2 - CHAPTER 2
  • CAIB 2 - CHAPTER 2

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CAIB 2 - CHAPTER 2 Exam Questions
With 100% Accurate Solutions

Three purposes of survey forms. - CORRECT ANSWER-1) Assists to identify loss
exposures;

2) Helps eliminate purchase of coverage that isn't needed;

3) Assists in development of underwriting information the insurer needs.



Three advantages of using a property checklist with clients. - CORRECT ANSWER-1)
Alerts broker to possible loss exposures;

2) Ensures needed coverages are not overlooked;

2) Helps reduce potential for an E&O claim.



The age a building has to be for an insurer to request information about recent
renovations or upgrading. - CORRECT ANSWER-25 years or older.



The five kinds of building upgrades to a building that are likely of most interest to
insurers. - CORRECT ANSWER-1) Roof;

2) Wiring;

3) Over-current protection;

4) Plumbing;

5) Heating.



Five hazards common to most commercial property risks. - CORRECT ANSWER-1)
Heating;

2) Electrical services;

3) Detachment;

4) Protection;

5) Occupancy.

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