Caib 4 chapter 1 Guías de estudio, Notas de estudios & Resúmenes

Identify any five activities, in addition to planning, that the professional insurance brokerage will need to capitalize on in order to take advantages of these opportunities. correct answers1. Be innovative 2. Be price competitive 3. Attract and reward ideal employees 4. Market products to appropriate segments 5. Focus on profitability The key to success and profitability for any insurance brokerage is planning. The best plans involve a combination of top-down and bottom-up approaches. B...

CAIB 1 - CHAPTER 1-4 QUESTIONS WITH COMPLETE SOLUTIONS.

CAIB 1 Chapter 4 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

CAIB 1 - CHAPTER 1-4 QUESTIONS WITH COMPLETE SOLUTIONS.

CAIB 4 Chapter 10 Exam Questions and Answers 100% Pass State the purpose achieved by monitoring - Answer- Monitoring determines what is being accomplished, evaluating results, taking steps to perpetuate positive results and steps to correct negative results. Identify four activities involved in monitoring - Answer- A Management Information Systems Standard & Benchmarks Results Corrective actions Identify Four Characteristics of management information systems - Answer- Simplicity Acces...

CAIB 1 - CHAPTER 1-4 questions with correct answers

CAIB 1 - CHAPTER 1-4 Exam Questions And Answers All Verified Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss - ANS -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 - ANS Avoid the risk - rent rather than buy ...

CAIB 2 CHAPTER 4 QUESTIONS AND ANSWERS RATED A+ Breifly explain the fuctions or endorsements, riders, and separate policies 1. Endorsements; changes the terms or conditions of the insureds policy 2. Riders; adds additional coverage to those already in place 3. Separate policies; equipment breakdown insurance, computer crime, other specialized coverages often purchased separately but can be added to existing policy Identify the endorsement, rider or policy to respond to the following...

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 - ...