Caib 1 chapter 1 Study guides, Class notes & Summaries
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CAIB 1 - Chapter 2 Questions and Answers Graded A+
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CAIB 1 - Chapter 2 Questions and 
 
Answers Graded A+ 
 
What are the 3 types of Homeowners Forms? 1. Homeowners Basic 2. Homeowners Broad 
3. Homeowners Comprehensive 
 
Who develops insurance forms? Insurance Bureau of Canada 
 
What types of risks are now eligible for coverage? Dwellings containing more than one 
family, Insureds who own more than one dwelling, Mobile homes on full basements, dwellings 
in course of construction 
 
What are the common characteristics of Homeowners Forms? 1. C...
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CAIB 2 - CHAPTER 1 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 2 - CHAPTER 1 Questions and Answers (2024/2025)(Verified Answers)
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Caib 1 Chapter 1 questions - definitions Questions and Answers Fully Solved
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Caib 1 Chapter 1 questions - definitions
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CAIB 2 CHAPTER 4 QUESTIONS AND ANSWERS RATED A+
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CAIB 2 CHAPTER 4 QUESTIONS AND 
 
ANSWERS RATED A+ 
 
Breifly explain the fuctions or endorsements, riders, and separate policies 1. Endorsements; 
changes the terms or conditions of the insureds policy 
2. Riders; adds additional coverage to those already in place 
3. Separate policies; equipment breakdown insurance, computer crime, other specialized 
coverages often purchased separately but can be added to existing policy 
 
Identify the endorsement, rider or policy to respond to the following...
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CAIB 1 Chapter 7 Questions and Answers Already Passed
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CAIB 1 Chapter 7 Questions and 
Answers Already Passed 
 
Who is responsible for the administration of the insurance act in your province? MB 
Government 
 
Outline the initial licensing requirements, whether there are different levels of licenses, the 
supervision requirements, and license terms in your province. Insurance license required. 
CAIB 1 with supervision 
 
Outline the class of license issued in our province and whether this license would be valid in 
other provinces. CAIB, this is t...
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CAIB 2 - CHAPTER 1 Questions And Answers 100% Verified
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CAIB 2 - CHAPTER 1 Questions And Answers 100% Verified 
Only the property specifically listed or scheduled on the policy is insured. - ANS-Scheduled 
coverage. 
Building, Stock and Equipment are insured under a single limit of insurance. - ANS-Property of Every 
Description (POED) 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.) - ANS-All Property (Blanket) coverage. 
1) Building 
2) Equi...
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CAIB 1 Chapter 3 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 1 Chapter 3 Questions and Answers (2024/2025)(Verified Answers)
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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 1 General Questions with 100% Correct Answers 2023-2024
- Exam (elaborations) • 12 pages • 2023
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CAIB 1 - Chapter 1 General Questions with 100% Correct Answers
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CAIB 1 Chapter 1 Questions with Accurate Answers
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CAIB 1 Chapter 1
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