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

CAIB Practice Exam 2024 Questions & Answers {Updated & Graded 100%} Sample Question & Answer: Identify two (2) other coverages included under C - Personal Property, which are not found in a Homeowners policy - Answer - Improvements or betterments made by or acquired at the expense of the tenant; $500 for damage (excluding fire damage) to the portion of the building occupied by the tenant resulting from theft or attempted theft; Damage caused to the interior of the building by vandalism or ...

CAIB 2 Chapter 5 Practice Test 1 exam 2024 with 100- correct answers.

CAIB 3 Practice Exam (2023/2024)Questions With 100%Verified SolutionsA+GRADED What is the name given to the collection of written decisions? - correct answer...Case Law Explain the concept of the Rule of Precedent. - correct 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". - correct ...

CAIB 1 Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version Insurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other formal agreements and are subject to what three additional elements? - Insurable Interest Utmost Good Faith Indemnity Explain the meaning and disadvantage of the following ap...