Caib 1 chapter 1 Study guides, Class notes & Summaries

CAIB 1 Chapter 5 Farm Insurance Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

CAIB 3 Chapter 1 Questions with Verified Solutions Identify the two divisions in the Canadian Legal System Criminal Law Civil Law Should brokers always recommend clients questions concerning maters of law to a qualified legal practitioner? Yes Identify eight examples of criminal wrongs Certain uses of an automobile Possession and trafficking of drugs Murder Voluntary manslaughter Burglary, robbery and theft Price fixing Pollution of the air and water False advertising I...

CAIB 1 Chapter 6 Questions and Answers Graded A+ What is the minimum limit of Third Party Liability available in your province? $200,000 How does an insured show proof of financial responsibility in your province The "pink copy" of the certificate of registration Identify the Automobile coverages that are available in your province and indicate which are compulsory. Auto Policy Limits - $200,000 Bodily Injury - $180,000 Property Damage - $20,000 All compulsory in Manitoba (6-4)...

CAIB 2 Chapter 7 Practice Test 1 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

CAIB 1 - Chapter 6 Questions and Answers Rated A+ What types of claims are paid out under Death & Injury court awards to innocent victims and their families, death benefits and funeral expenses, medical payments, rehabilitation costs, loss of income What types of claims are paid out under Damage to Property Collision, Comprehensive Why is auto insurance compulsory in all provinces? It is unlikely that people would voluntarily purchase insurance thus leaving society to pay costs as...

CAIB 1 - CHAPTER 1-4 UPDATED Exam Questions and CORRECT Answers Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss - Correct ANSWER- -Equipment will not work 100% of the time -certain types of losses such as wind, hail and lightning cannot be effectively controlled People can choose to deal with risk in a variety of ways identify four possible options and provide a brief explanation of each - Correct ANSWER- Avoid the risk - ...

CAIB 1 - CHAPTER 1-4 Exam Questions And Answers All Verified Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss - ANS -Equipment will not work 100% of the time -certain types of losses such as wind, hail and lightning cannot be effectively controlled People can choose to deal with risk in a variety of ways identify four possible options and provide a brief explanation of each - ANS Avoid the risk - rent rather than buy ...

CAIB 2 - CHAPTER 1 QUESTIONS AND ANSWERS ALREADY PASSED Scheduled coverage. Only the property specifically listed or scheduled on the policy is insured. Property of Every Description (POED) coverage. Building, Stock and Equipment are insured under a single limit of insurance. All Property (Blanket) coverage. All property owned by the insured is covered or "blanketed" by a single limit of insurance. (May insure property at more than one location.) The three classes of property i...

CAIB 1 - CHAPTER 1-4 questions with correct answers