2024 caib 2 practice exam - Study guides, Class notes & Summaries

CAIB 2 Chapter 1 Practice Exam 1 (Qs & As) 2024

CAIB 2 PRACTICE EXAM CAIB 2 PRACTICE EXAM WITH GUARANTEED COMPLETE ANSWERS 2024|VERIFIED Waivers of Co-insurance clause are common on commercial property policies. What types of losses are applicable to this waiver of co-insurance? - Accurate AnswerIs less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) Identify 3 reasons why exclusions exist on commercial property policy. - Accurate Answerlosses which are generally considered by insurers to be commercially ...

CAIB 3 Practice Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS 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 development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer -Co...

CAIB 2 Chapter 1 Practice exam 2 Questions and Answers (2024/2025)(Verified Answers)

CAIB 3 Practice Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS 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 development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer -Co...

CAIB 2 Chapter 1 Practice exam 1 Questions and Answers (2024/2025)(Verified Answers)

CAIB 2 Chapter 5 Practice Test 1 exam 2024/2025 with 100% correct answers

CAIB 2 Chapter 1 Practice exam 2 WITH 100% COMPLETE SOLUTION 2024

CAIB 2 Chapter 1 Practice exam 1 Question and answers correctly solved 2024 Explain what it means to issue insurance on a scheduled basis - correct answer Only the property listed or scheduled on the policy is insured Explain what is meant to issue insurance on the basis of Property of Every Description - correct answer Building, stock and equipment are insured under a single limit of insurance Explain what it means to issue insurance on an all property (blanket) basis - correct answe...