Caib 1 - Study guides, Class notes & Summaries

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CAIB 1 Chapter 6 Questions and  Answers Graded A+
  • CAIB 1 Chapter 6 Questions and Answers Graded A+

  • Exam (elaborations) • 13 pages • 2024
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  • CAIB 1 Chapter 6 Questions and Answers Graded A+ What is the minimum limit of Third Party Liability available in your province? $200,000 How does an insured show proof of financial responsibility in your province The "pink copy" of the certificate of registration Identify the Automobile coverages that are available in your province and indicate which are compulsory. Auto Policy Limits - $200,000 Bodily Injury - $180,000 Property Damage - $20,000 All compulsory in Manitoba (6-4)...
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CAIB 1 - CHAPTER 1-4 UPDATED Exam Questions and CORRECT Answers
  • CAIB 1 - CHAPTER 1-4 UPDATED Exam Questions and CORRECT Answers

  • Exam (elaborations) • 19 pages • 2024
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  • CAIB 1 - CHAPTER 1-4 UPDATED Exam Questions and CORRECT Answers Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss - Correct ANSWER- -Equipment will not work 100% of the time -certain types of losses such as wind, hail and lightning cannot be effectively controlled People can choose to deal with risk in a variety of ways identify four possible options and provide a brief explanation of each - Correct ANSWER- Avoid the risk - ...
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CAIB 1 - CHAPTER 1: INTRODUCTION TO GENERAL INSURANCE
  • CAIB 1 - CHAPTER 1: INTRODUCTION TO GENERAL INSURANCE

  • Exam (elaborations) • 13 pages • 2024
  • CAIB 1 - CHAPTER 1: INTRODUCTION TO GENERAL INSURANCE
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CAIB 1 - Chapter 1 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
  • CAIB 1 - Chapter 1 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

  • Exam (elaborations) • 15 pages • 2024
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  • CAIB 1 - Chapter 1 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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CAIB 1 Exam  - Questions With Solutions
  • CAIB 1 Exam - Questions With Solutions

  • Exam (elaborations) • 33 pages • 2023
  • CAIB 1 Exam - Questions With Solutions
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CAIB 1 Practice Questions (100) with Correct Answers
  • CAIB 1 Practice Questions (100) with Correct Answers

  • Exam (elaborations) • 20 pages • 2024
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  • CAIB 1 Practice Questions (100) with Correct Answers Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - Answer- d. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by customers of the company d. A company that owns livestock - Answer- b. A compa...
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CAIB 1 PRACTICE QUESTIONS WITH COMPLETE ANSWERS ALREADY SCORED A+
  • CAIB 1 PRACTICE QUESTIONS WITH COMPLETE ANSWERS ALREADY SCORED A+

  • Exam (elaborations) • 17 pages • 2024
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  • 3 elements of a tort - Answer-Duty owed, duty breached & damages resulted (proximately) A "building" is defined as... - Answer-a. Fixed structures b. Additions/extensions c. Permanent fittings d. Materials on premises for regular maintenance e. Growing plants inside the building for decoration A contract is only legally enforceable when it has all of these 3 elements - Answer-Insurable interest, utmost good faith, indemnity A legally enforceable agreement between 2 or more parties is...
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CAIB 1 PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED
  • CAIB 1 PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED

  • Exam (elaborations) • 17 pages • 2024
  • CAIB 1 PRACTICE QUESTIONS 2024 CAIB 1 PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - Accurate Answerd. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by cus...
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CAIB 1 CAIB 1 Practice Questions (100) And Answers
  • CAIB 1 CAIB 1 Practice Questions (100) And Answers

  • Exam (elaborations) • 14 pages • 2023
  • CAIB 1 CAIB 1 Practice Questions (100) And Answers Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - ANS d. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by customers of the company d. A company that owns livestock - ANS b...
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CAIB 1 CHAPTER 1 QUESTIONS AND ANSWERS RATED A+
  • CAIB 1 CHAPTER 1 QUESTIONS AND ANSWERS RATED A+

  • Exam (elaborations) • 17 pages • 2024
  • Identify 4 possible options to deal with Risk , describe each Control the Risk ( loss control measures) Avoid the Risk ( rent Rather than buy ) Retain the risk ( self insurance or share risk through deductibles) Transfer the Risk ( purchase insurance ) Out of the 4 means of managing risk, which is the most practical? Transfer of Risk Identify the 5 elements required in all types of contracts Agreement , Consideration , Legality of Object , Legal Capacity( are they old enough , sane , sobe...
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