Caib 2 practice exam - Study guides, Class notes & Summaries

CAIB 2 Chapter 2 Practice Exam 1 (Quizzes & Ans)

CAIB 2 Practice Exam Questions and Answers 100% Correct Waivers of Co-insurance clause are common on commercial property policies. What types of losses are applicable to this waiver of co-insurance? Is 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. losses which are generally considered by insurers to be commercially insurable: 1. Deliberate acts of violence -war, rebellion 2. losses w...

CAIB 2 Chapter 2 Practice Exam 1 (Quizzes & Ans)

Waivers of Co-insurance clause are common on commercial property policies. What types of losses are applicable to this waiver of co-insurance? - Answer- Is 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. - Answer- losses which are generally considered by insurers to be commercially insurable: 1. Deliberate acts of violence -war, rebellion 2. losses which are considered catastrophic, Ear...

CAIB 2 Chapter 2 Practice Exam 1 (Quizzes & Ans).

Waivers of Co-insurance clause are common on commercial property policies. What types of losses are applicable to this waiver of co-insurance? Is 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. losses which are generally considered by insurers to be commercially insurable: 1. Deliberate acts of violence -war, rebellion 2. losses which are considered catastrophic, Earthquake, snow slides,...

CAIB 2 Chapter 2 Practice Exam 1 with 100% verified solutions What are three advantages using a fact find or survey? - answeri) Assists brokers when identifying potential losses ii) Assists brokers not to sell coverages client does not need iii) Assists brokers in collecting information needed by insurance companies What are three benefits of commercial property checklists and which is most important to brokers? - answeri) Assists brokers when identifying potential losses ii) Assists bro...

CAIB 2 Chapter 2 Practice Exam 1 With 100% Correct Answers

CAIB 2 Chapter 2 Practice Exam 1 Questions and Answers 100% Pass What are three advantages using a fact find or survey? - Answer- i) Assists brokers when identifying potential losses ii) Assists brokers not to sell coverages client does not need iii) Assists brokers in collecting information needed by insurance companies What are three benefits of commercial property checklists and which is most important to brokers? - Answer- i) Assists brokers when identifying potential losses ii) Assi...