Caib 2 chapter 1 7 review Study guides, Class notes & Summaries
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CAIB 2 Chapter 1-7 Review (Qs & As)
![CAIB 2 - CHAPTER 6 IBABC (Questions And Answers) 100% Verified Review](/docpics/5909977/66a8c3b83b31f_5909977_121_171.jpeg)
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CAIB 2 - CHAPTER 6 IBABC (Questions And Answers) 100% Verified Review
- Exam (elaborations) • 11 pages • 2024
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CAIB 2 - CHAPTER 6 IBABC (Questions And Answers) 100% Verified Review 
1) Convertibility; 
2) Value; 
3) Portability. - ANS-Three factors of personal property that can help business owners determine 
loss potential from a criminal act. 
1) Forced entry into building; 
2) Forced entry into protected enclosures; 
3) Unforced entry into building or protected enclosures; 
4) Forced opening of building and protected enclosures; 
5) Vandalism and mailicious acts; 
6) Espionage; 
7) Shoplifting; 
8) E...
![CAIB 2 Chapter 1-7 Review|227 Exam Study Questions with 100% Correct Answers | Verified|35 Pages](/docpics/4263863/65a9249fd4702_4263863_121_171.jpeg)
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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
- Available in package deal
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- $8.99
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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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