Caib 2 questions - Study guides, Class notes & Summaries

Caib 2 Questions & Answers Graded A+

CAIB 2 Questions And Answers With Verified Solutions Already Passed!!!

Caib 2 Questions And Answers With Verified Solutions 100% Correct!!! Latest Updated 2024

CAIB 2 Chapter 6 Practice Test 2 questions with 100- correct answers(latest update).

3 advantages of using a fact find or survey - ANSWER1) Assists brokers when identifying potential losses 2) Assists brokers not to sell coverages the client does not need 3) Assists brokers in collecting information needed by insurance companies 3 benefits of commercial property checklists - ANSWER1) Assists brokers when identifying potential losses 2) Assists brokers to make sure coverages are not overlooked 3) Assists brokers in reducing E&O losses Define "Fire Resistive" - ANSWERThis ...

the company which assumes the greatest portion of an account - ANSWERLead Company What is re-insurance - ANSWERan insurance company 'ceding' part of the risk to a re-insurer What are three considerations used when determining amounts of indemnity? - ANSWERi) Actual Cash Value of the property as it existed immediately prior to the loss ii) The interest of the insured in the property iii) The amount of insurance as shown on the policy i) Actual Cash Value of the property as it existed...

CAIB 2 - Chapter 2 Questions and Answers (2024/2025)(Verified Answers) 3 advantages of using a fact find or survey 1) Assists brokers when identifying potential losses 2) Assists brokers not to sell coverages the client does not need 3) Assists brokers in collecting information needed by insurance companies 3 benefits of commercial property checklists 1) Assists brokers when identifying potential losses 2) Assists brokers to make sure coverages are not overlooked 3) Assists brokers in re...

CAIB 2 questions with correct answers

CAIB 2 Questions With Complete Solutions Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: A. Stock B. Equipment C. Building D. Business Interruption - Correct Answer B. Equipment While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agr...

CAIB 2 Chapter 1 Practice exam 2 Questions and Answers (2024/2025)(Verified Answers) Identify the company which assumes the greatest portion of an account Lead Company What is re-insurance an insurance company 'ceding' part of the risk to a re-insurer What are three considerations used when determining amounts of indemnity? i) Actual Cash Value of the property as it existed immediately prior to the loss ii) The interest of the insured in the property iii) The amount of insuranc...