CAIB 2 Question and answers 100% correct 2024

CAIB 2 Question and answers 100% correct 2024 Define "Endorsement" - correct answer endorsements change the terms of existing policies Define "Rider" - correct answer Riders add coverages to those already on the policy What values are insured on a Glass Rider - correct answer 1) Glass 2) Artwork on glass 3) Tape & Foil on glass When would tenants require Glass Riders? - correct answer tenants may require glass riders when they have assumed responsibility for damage to glass in a lease What type of information is required by underwriters when insuring glass on a scheduled basis? - correct answer 1) type, size and number of glass units 2) location of glass 3) information of any lettering, tape, foil or ornamentation What are 2 facto