Caib 1 chapter 3 Study guides, Class notes & Summaries
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CAIB 2 - CHAPTER 6 IBABC (Questions And Answers) 100% Verified Review
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CAIB 2 - CHAPTER 6 IBABC (Questions And Answers) 100% Verified Review 
1) Convertibility; 
2) Value; 
3) Portability. - ANS-Three factors of personal property that can help business owners determine 
loss potential from a criminal act. 
1) Forced entry into building; 
2) Forced entry into protected enclosures; 
3) Unforced entry into building or protected enclosures; 
4) Forced opening of building and protected enclosures; 
5) Vandalism and mailicious acts; 
6) Espionage; 
7) Shoplifting; 
8) E...
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
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CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
 
What guarantees are provided by various licence and permit bonds? 1. Compliance 
Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
 
Surety -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) principal fails 
therein." 
-Promises to answer for the default of the principal. 
 
Suretyship A guarantee of performance made by one person or entity...
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CAIB 4 Chapter 2 Questions and Answers Rated A+
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CAIB 4 Chapter 2 Questions and 
 
Answers Rated A+ 
 
Organizing involves determining the way the brokerage's activities will be divided into 
measurable units. Identify the three elements to organizing effectively. 1. Creating an 
Organizational Structure 
2. Defining Employee Relationships 
3. Establishing Position Descriptions 
 
The organizational structure is the skeleton upon which the brokerage grows and interacts. The 
structure also defines who has authority and responsibility for acti...
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CAIB 1 CHAPTER 1 QUESTIONS AND ANSWERS RATED A+
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CAIB 1 CHAPTER 1 QUESTIONS AND 
 
ANSWERS RATED A+ 
 
Identify 4 possible options to deal with Risk , describe each Control the Risk ( loss control 
measures) 
Avoid the Risk ( rent Rather than buy ) 
Retain the risk ( self insurance or share risk through deductibles) 
Transfer the Risk ( purchase insurance ) 
 
Out of the 4 means of managing risk, which is the most practical? Transfer of Risk 
 
Identify the 5 elements required in all types of contracts Agreement , Consideration , 
Legality of ...
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CAIB 2 - Chapter 1 Questions And Answers Exam Review
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CAIB 2 - Chapter 1 Questions And Answers Exam Review 
The three amounts to be considered when calculating the amount of payment as outlined in the 
Indemnity Agreement are: - ANS-1) the value of the lost or damaged property (ACV) 
2) the interest of the insured in the property (ex. financial interest, home, mortgage) 
3) the amount of insurance specified on the "Declarations Page" for the loss or damaged property (least 
amount|) 
Identify the four categories that buildings may fall into: - ...
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CAIB 1 Chapter 6 Questions and Answers Graded A+
- Exam (elaborations) • 13 pages • 2024
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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)...
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CAIB Exam 1- Chapter 3 Questions With 100% Correct Answers 2023-2024
- Exam (elaborations) • 6 pages • 2023
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CAIB Exam 1- Chapter 3 Questions With 100% Correct Answers
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CAIB 2 - Chapter 1 Questions and Answers Rated A+
- Exam (elaborations) • 19 pages • 2024
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CAIB 2 - Chapter 1 Questions and 
 
Answers Rated A+ 
 
The three amounts to be considered when calculating the amount of payment as outlined in the 
Indemnity Agreement are: 1) the value of the lost or damaged property (ACV) 
 
2) the interest of the insured in the property (ex. financial interest, home, mortgage) 
 
3) the amount of insurance specified on the "Declarations Page" for the loss or damaged property 
(least amount|) 
 
Identify the four categories that buildings may fall into: Re...
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CAIB Exam 1- Chapter 3 with Complete Solutions
- Exam (elaborations) • 6 pages • 2023
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CAIB Exam 1- Chapter 3 with Complete Solutions
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CAIB 4 Chapter 2- Study Guide Questions with Complete Solutions
- Exam (elaborations) • 14 pages • 2024
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CAIB 4 Chapter 2- Study Guide 
Questions with Complete Solutions 
 
Organizing involves determining the way the brokerage's activities will be divided into 
manageable units. Identify 3 elements to organizing effectively. 1. Creating an 
Organizational Structure 
2. Defining employee relationships 
3.Establishing Position Descriptions 
 
Identify 3 basic forms of organizational structure based on the way authority and responsibility is 
delegated. 1. Line Organization- best suited for smaller b...
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