Caib 1 chapter 7 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Caib 1 chapter 7? On this page you'll find 75 study documents about Caib 1 chapter 7.
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CAIB 1 - Chapter 7 Questions and Answers 100% Correct
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CAIB 1 - Chapter 7 Questions and 
Answers 100% Correct 
What are 3 actions which demonstrate a brokers unethical conduct? - Answer- to sell 
more insurance than is needed, to sell higher priced coverages when equivalent 
coverage is available for a lower price, to recommend policies with a higher 
commission. 
What are 3 qualities of a professional? - Answer- commitment to higher ethical 
standards, have a high standard of educational preparedness with mandatory 
continuous education, have a for...
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CAIB 1 - Chapter 7 Questions and Answers 100% Correct
- Exam (elaborations) • 3 pages • 2024
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CAIB 1 - Chapter 7 Questions and 
Answers 100% Correct 
What are 3 actions which demonstrate a brokers unethical conduct? - Answer- to sell 
more insurance than is needed, to sell higher priced coverages when equivalent 
coverage is available for a lower price, to recommend policies with a higher 
commission. 
What are 3 qualities of a professional? - Answer- commitment to higher ethical 
standards, have a high standard of educational preparedness with mandatory 
continuous education, have a for...
-
CAIB 2 Chapter 1-7 Review Questions & Answers 100% Correct!!
- Exam (elaborations) • 28 pages • 2024
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Identify the company which assumes the greatest portion of an account? (Ch. 1) - ANSWERLead company 
 
What is "reinsurance" (Ch. 1) - ANSWERReinsurance is when an insurance company "cedes" part of the risk to a reinsurer. 
 
What are three considerations used when determining amounts of indemnity? (ch 1) - ANSWER1. Actual cash value of property as it existed immediately prior to loss. 2. The interest of the insured in the property. 3. The amount of insurance as shown on the policy. 
 
Why d...
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
- Exam (elaborations) • 16 pages • 2024
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CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) 
principal fails therein." 
-Promises to answer for the default of the principal. 
Suretyship - Answer- A guarantee of performance made...
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
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CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) 
principal fails therein." 
-Promises to answer for the default of the principal. 
Suretyship - Answer- A guarantee of performance made...
Too much month left at the end of the money?
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CAIB 2 Chapter 7 Practice Test 1 100% Solved
- Exam (elaborations) • 3 pages • 2024
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CAIB 2 Chapter 7 Practice Test 1 100% Solved 
Provide four sources of Business Interruption losses and an example of each. - 
Answer- 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 cau...
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CAIB 1 - Chapter 7 Exam With 100% Correct Answers 2023-2024
- Exam (elaborations) • 2 pages • 2023
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CAIB 1 - Chapter 7 Exam With 100% Correct Answers
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CAIB 4 Chapter 4 Questions with Verified Solutions
- Exam (elaborations) • 8 pages • 2024
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CAIB 4 Chapter 4 Questions with 
 
Verified Solutions 
 
Successful leadership results in knowledgeable, dedicated and motivated employees working 
effectively together to achieve the brokerage's mission, strategies, objectives and goals. Identify 
the six components of leading. 1. Delegating 
2. Motivating 
3. Communicating 
4. Managing conflict 
5. Managing change 
6. Coaching 
 
Delegating is the art of accomplishing objectives and achieving goals through the involvement of 
others and by gi...
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CAIB 2 Chapter 1-7 Review|227 Exam Study Questions with 100% Correct Answers | Verified|35 Pages
- Exam (elaborations) • 33 pages • 2024
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Identify the company which assumes the greatest portion of an account? (Ch. 1) - ️️Lead company 
 
What is "reinsurance" (Ch. 1) - ️️Reinsurance is when an insurance company "cedes" part of the risk to a reinsurer. 
 
What are three considerations used when determining amounts of indemnity? (ch 1) - ️️1. Actual cash value of property as it existed immediately prior to loss. 2. The interest of the insured in the property. 3. The amount of insurance as shown on the policy. 
 
Why d...
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CAIB 2 Chapter 7 Practice Test 1
- Exam (elaborations) • 2 pages • 2023
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CAIB 2 Chapter 7 Practice Test 1
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