Caib 2 exam terms review - Study guides, Class notes & Summaries
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Caib 2 exam terms review 2023-2024
- Exam (elaborations) • 34 pages • 2024
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Caib 2 exam terms review
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CAIB 3 Chapter 5 Exam Questions and Answers 100% Pass
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CAIB 3 Chapter 5 Exam Questions and 
Answers 100% Pass 
Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity 
Bonds 
2. Surety Bonds 
Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from 
the dishonest acts of their employees. Today employees do not purchase their own 
Fidelity Bonds. Instead employers purchase employee dishonesty insurance 
Identify and explain the three C's that all underwriters take very seriously, and that ...
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