Package deal
CAIB 2, 3, & 4 EXAM BUNDLE | Questions & All Verified Answers (Graded A+)
CAIB 2, 3, & 4 EXAM BUNDLE | Questions & All Verified Answers (Graded A+)
[Show more]CAIB 2, 3, & 4 EXAM BUNDLE | Questions & All Verified Answers (Graded A+)
[Show more]CAIB 1 2023 Exam | Questions & 100% Correct Answers
Preview 2 out of 9 pages
Add to cartCAIB 1 2023 Exam | Questions & 100% Correct Answers
CAIB 2 Exam () | Questions & Answers (Graded A+)
Preview 2 out of 13 pages
Add to cartCAIB 2 Exam () | Questions & Answers (Graded A+)
CAIB 1 Exam Questions & 100% CORRECT Answers 
 
Consideration is... 
a. The law of insurance 
b. A promise between parties 
c. A contract's binding force 
d. An exchange of something of value - ANSWER - d. An exchange of something of value 
 
A stock company is... 
a. A company that invests in...
Preview 2 out of 12 pages
Add to cartCAIB 1 Exam Questions & 100% CORRECT Answers 
 
Consideration is... 
a. The law of insurance 
b. A promise between parties 
c. A contract's binding force 
d. An exchange of something of value - ANSWER - d. An exchange of something of value 
 
A stock company is... 
a. A company that invests in...
CAIB 2 - CHAPTER 1 EXAM | Questions & Answers (100% CORRECT) 
 
Only the property specifically listed or scheduled on the policy is insured. - ANSWER - Scheduled coverage. 
 
Building, Stock and Equipment are insured under a single limit of insurance. - ANSWER - Property of Every Description (POED) ...
Preview 2 out of 6 pages
Add to cartCAIB 2 - CHAPTER 1 EXAM | Questions & Answers (100% CORRECT) 
 
Only the property specifically listed or scheduled on the policy is insured. - ANSWER - Scheduled coverage. 
 
Building, Stock and Equipment are insured under a single limit of insurance. - ANSWER - Property of Every Description (POED) ...
CAIB 2 - CHAPTER 2 EXAM | Questions & Answers (100% CORRECT) 
A proposal for insurance that's presented to the underwriter for consideration. It can include an application, and additional verbal and written information (i.e., previous policy premium, loss details and history, financial statements a...
Preview 1 out of 3 pages
Add to cartCAIB 2 - CHAPTER 2 EXAM | Questions & Answers (100% CORRECT) 
A proposal for insurance that's presented to the underwriter for consideration. It can include an application, and additional verbal and written information (i.e., previous policy premium, loss details and history, financial statements a...
CAIB 2 - CHAPTER 3 EXAM | Questions & Answers (100% CORRECT) 
 
1) Failure or malfunction of mechanical or electrical equipment; 
2) Arson; 
3) Misuse of ignition source. - ANSWER - The three leading causes of fire losses in Canada. 
 
Policy period takes effect at 12:01 a.m. standard time at the ad...
Preview 1 out of 3 pages
Add to cartCAIB 2 - CHAPTER 3 EXAM | Questions & Answers (100% CORRECT) 
 
1) Failure or malfunction of mechanical or electrical equipment; 
2) Arson; 
3) Misuse of ignition source. - ANSWER - The three leading causes of fire losses in Canada. 
 
Policy period takes effect at 12:01 a.m. standard time at the ad...
CAIB 2 - CHAPTER 4 EXAM | Questions & Answers (100% CORRECT) 
1) Endorsement; 
2) Rider; 
3) Separate policy. - ANSWER - The three ways a change to a commercial property policy can be made. 
 
Changes the terms or conditions of the policy. - ANSWER - "Endorsement." 
 
Adds coverages to the policy....
Preview 1 out of 2 pages
Add to cartCAIB 2 - CHAPTER 4 EXAM | Questions & Answers (100% CORRECT) 
1) Endorsement; 
2) Rider; 
3) Separate policy. - ANSWER - The three ways a change to a commercial property policy can be made. 
 
Changes the terms or conditions of the policy. - ANSWER - "Endorsement." 
 
Adds coverages to the policy....
CAIB 2 - CHAPTER 5 EXAM | Questions & Answers (100% CORRECT) 
- Drycleaners 
- Garages 
- Jewellers 
- Furriers 
- Trucking firms 
- Couriers. - ANSWER - Examples of businesses that have a bailee's exposure. 
 
One who has temporary custody of the personal property of another for a purpose other th...
Preview 1 out of 4 pages
Add to cartCAIB 2 - CHAPTER 5 EXAM | Questions & Answers (100% CORRECT) 
- Drycleaners 
- Garages 
- Jewellers 
- Furriers 
- Trucking firms 
- Couriers. - ANSWER - Examples of businesses that have a bailee's exposure. 
 
One who has temporary custody of the personal property of another for a purpose other th...
CAIB 2 - CHAPTER 6 EXAM | Questions & Answers (100% CORRECT) 
CAIB 2 - CHAPTER 6 EXAM | Questions & Answers (100% CORRECT) 
1) Convertibility; 
2) Value; 
3) Portability. - ANSWER - Three factors of personal property that can help business owners determine loss potential from a criminal act. 
 
1) F...
Preview 2 out of 7 pages
Add to cartCAIB 2 - CHAPTER 6 EXAM | Questions & Answers (100% CORRECT) 
CAIB 2 - CHAPTER 6 EXAM | Questions & Answers (100% CORRECT) 
1) Convertibility; 
2) Value; 
3) Portability. - ANSWER - Three factors of personal property that can help business owners determine loss potential from a criminal act. 
 
1) F...
CAIB 2 - CHAPTER 7 EXAM | Questions & Answers (100% CORRECT) 
CAIB 2 - CHAPTER 7 EXAM | Questions & Answers (100% CORRECT) 
- Seen as being too technical; 
- Reluctant to reveal earnings; 
- Lack of consumer knowledge. - ANSWER - Why some clients may be reluctant to discuss business interruption Ins...
Preview 1 out of 3 pages
Add to cartCAIB 2 - CHAPTER 7 EXAM | Questions & Answers (100% CORRECT) 
CAIB 2 - CHAPTER 7 EXAM | Questions & Answers (100% CORRECT) 
- Seen as being too technical; 
- Reluctant to reveal earnings; 
- Lack of consumer knowledge. - ANSWER - Why some clients may be reluctant to discuss business interruption Ins...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller conceptialresearchers. Stuvia facilitates payment to the seller.
No, you only buy these notes for $20.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
53340 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now