Caib iii Study guides, Class notes & Summaries
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CAIB III EXAM 2024 WITH 100% CORRECT ANSWERS
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D. Is primarily concerned with the compensation of victims for their losses correct answersThe following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: 
A. Addresses wrongs directed against the state 
B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action 
C. Uses punitive sanctions as a men's of enforcing its many rules 
D. Is primarily con...
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CAIB III EXAM QUESTIONS AND ANSWERS
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D. Is primarily concerned with the compensation of victims for their losses - Answer- The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: 
A. Addresses wrongs directed against the state 
B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action 
C. Uses punitive sanctions as a men's of enforcing its many rules 
D. Is primarily concerne...
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CAIB III Question and answers 100% correct 2024
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CAIB III Question and answers 100% correct 2024 
D. Is primarily concerned with the compensation of victims for their losses - correct answer The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: 
A. Addresses wrongs directed against the state 
B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action 
C. Uses punitive sanctions as a m...
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CAIB III QUESTIONS AND ANSWERS GRADED A+
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CAIB III
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CAIB III EXAM/78 QUESTIONS AND ANSWERS
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CAIB III EXAM/78 QUESTIONS AND ANSWERS
Make study stress less painful
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CAIB 2 Chapter 2 Practice Exam 1 Already Graded A
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CAIB 2 Chapter 2 Practice Exam 1 
 
Already Graded A 
 
What are three advantages using a fact find or survey? 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? i) Assists brokers when identifying potential losses 
ii) Assists brokers to make sure cove...
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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 4 Practice Test 1
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CAIB 2 Chapter 4 Practice Test 1 
Define Endorsement. - Answer ️️ -Endorsements change terms of existing policies 
Define Rider. - Answer ️️ -Riders add coverages to those all ready on policy 
Indicate Covered or Not Covered on Sign Form (C/NC) 
a) mechanical breakdown 
b) damage caused by power surge 
c) damage caused when dropped during installation 
d) damage caused by freezing 
e) damage caused by striking employees - Answer ️️ -a) NC mechanical breakdown 
b) NC damage caused by ...
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CAIB 2 Chapter 7 Practice Test 1 Graded A+
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CAIB 2 Chapter 7 Practice Test 1 
 
Graded A+ 
 
Provide four sources of Business Interruption losses and an example of each. i) Physical 
damage to business 
example: Fire destroys business and customers cannot make purchases 
ii) Failure of public utilities 
example: Ice storm damages power lines and power cannot be restored for several 
weeks. This results in sales at the business to plummet 
iii) Transportation related accidents 
example: Railcar containing hazardous gas overturns causing ev...
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CAIB II- Chapter 6 Exam Questions and Answers
- Exam (elaborations) • 6 pages • 2024
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CAIB II- Chapter 6 Exam Questions and Answers 
List three considerations that make some property items 'target' items and provide an explanation 
for each - Answer ️️ -i) Convertibility (ease at which property can be sold and converted to 
cash) 
ii) Value (higher valued articles are more attractive to thieves) 
iii) Portability (this refers to the east at which property can be transported) 
Other than forced entry into safes, what are four methods used by thieves which may result in 
loss...
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