Caib i - Study guides, Class notes & Summaries

CAIB 2 - Checkpoints exam 2024 with 100% correct answers What are two factors to consider when deciding which form of business interruption insurance to purchase? - correct answer i) Nature of business ii) Types of perils most likely to cause losses When using old financial statements to establish amount of insurance, what problems could be encountered? - correct answer Clients may be underinsured because future trends were not considered What type of employee salaries may not be considered a

D. Is primarily concerned with the compensation of victims for their losses - Answer- The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed against the state B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action C. Uses punitive sanctions as a men's of enforcing its many rules D. Is primarily concerne...

D. Is primarily concerned with the compensation of victims for their losses correct answersThe following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed against the state B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action C. Uses punitive sanctions as a men's of enforcing its many rules D. Is primarily con...

CAIB III Question and answers 100% correct 2024 D. Is primarily concerned with the compensation of victims for their losses - correct answer The following statements respecting the brach of law known as "criminal law" are true except one. Pick the exception: A. Addresses wrongs directed against the state B. Authorities have a duty to prosecute and punish wrongdoers and are not required to wait for the victim to file formal charges before taking action C. Uses punitive sanctions as a m...

CAIB II- Chapter 6 Exam Questions and Answers List three considerations that make some property items 'target' items and provide an explanation for each - Answer ️️ -i) Convertibility (ease at which property can be sold and converted to cash) ii) Value (higher valued articles are more attractive to thieves) iii) Portability (this refers to the east at which property can be transported) Other than forced entry into safes, what are four methods used by thieves which may result in loss...

CAIB III

CAIB I Question and answers already passed 2024 MOBILE HOME - correct answer a home that is factory built on its own chassis and which can be easily moved CONDOMINIUM - correct answer a system of separate ownership of individual units in a multiple unit building ENDORSEMENT - correct answer an extra sheet(s) or slip(s) of paper attached to the policy indicating in writing that the insured and insurer have agreed to a change in the terms of the insurance contract FINE ARTS - correc...

CAIB II- Chapter 6 Exam Questions and Answers List three considerations that make some property items 'target' items and provide an explanation for each - Answer ️️ -i) Convertibility (ease at which property can be sold and converted to cash) ii) Value (higher valued articles are more attractive to thieves) iii) Portability (this refers to the east at which property can be transported) Other than forced entry into safes, what are four methods used by thieves which may result in loss...

CAIB III EXAM/78 QUESTIONS AND ANSWERS

CAIB II - Chapter 6 Exam Questions and Answers Crime Insurance - Property Susceptible to Crime Losses (2 Target Items) - Answer ️️ -Target items are those which meet the follow criteria: 1. Value (greater value items) 2. Portability (easier to transport away) Perimeter Protection - Partial Protection (2 weaknesses) - Answer ️️ -1. Forced entry through walls or ceilings are not detected 2. Stay behind thieves will not be detected until they leave Area Protection - Electronic Prote...