Popular courses 'CAIB 2' at CAIB 2
CAIB 2 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about CAIB 2? On this page you'll find 185 study documents about CAIB 2.
All 185 results
Sort by
-
CAIB 2 Exam – Questions & Verified Answers
- Exam (elaborations) • 28 pages • 2023
- Available in package deal
-
- $19.99
- 1x sold
- + learn more
CAIB 2 Exam – Questions & Verified Answers
-
CAIB 2 Mock Midterm Exam – Questions & Answers
- Exam (elaborations) • 8 pages • 2023 Popular
- Available in package deal
-
- $10.49
- 1x sold
- + learn more
CAIB 2 Mock Midterm Exam – Questions & Answers
-
CAIB 2 - Chapter 1 Questions and Answers Rated A+
- Exam (elaborations) • 19 pages • 2024
-
- $7.99
- + learn more
The three amounts to be considered when calculating the amount of payment as outlined in the 
Indemnity Agreement are: 1) the value of the lost or damaged property (ACV) 
2) the interest of the insured in the property (ex. financial interest, home, mortgage) 
3) the amount of insurance specified on the "Declarations Page" for the loss or damaged property 
(least amount|) 
Identify the four categories that buildings may fall into: Residential (ex. home) 
Non-mercantile (ex. hospitals, nursing h...
-
CAIB 2 - Chapter 7 Questions and Answers 100% Pass
- Exam (elaborations) • 8 pages • 2024
-
- $7.99
- + learn more
4 sources of business interruption & provide an example of each 1) physical damage to 
business; fire destroys business 2) failure of public utilities; ice storm damages power lines 3) 
transportation related accidents; rail car derailment 4) physical damage to neighbouring 
premises; anchor store burns down 
3 sources of funding available to businesses when their operations are interrupted 1) reduce 
their capital reserves 2) take out a bank loan 3) purchase adequate amounts of business 
interr...
-
CAIB 2 - Chapter 6 Latest Update Graded A+
- Exam (elaborations) • 10 pages • 2024
-
- $7.99
- + learn more
3 Considerations that make some property items "Target Items" and provide an explanation for 
each 1) Convertibility; the ease at which property can be sold and converted to cash 2) 
Value; higher valued articles are more attractive to thieves 3) Portability; the ease at which 
property can be transported 
4 methods used by thieves which may cause loss to insured property & provide an example 
1) Forceable entry into building; entry by breaking a window 2) Unforced entry into 
building; thief ...
And that's how you make extra money
-
CAIB 2 - CHAPTER 2 QUESTIONS AND ANSWERS ALREADY PASSED
- Exam (elaborations) • 6 pages • 2024
-
- $7.99
- + learn more
Submission." A proposal for insurance that's presented to the underwriter for consideration. 
It can include an application, and additional verbal and written information (i.e., previous policy 
premium, loss details and history, financial statements and photos). 
Three purposes of survey forms. 1) Assists to identify loss exposures; 
2) Helps eliminate purchase of coverage that isn't needed; 
3) Assists in development of underwriting information the insurer needs. 
Three advantages of using ...
-
CAIB 2 - CHAPTER 1 QUESTIONS AND ANSWERS ALREADY PASSED
- Exam (elaborations) • 13 pages • 2024
-
- $7.99
- + learn more
Scheduled coverage. Only the property specifically listed or scheduled on the policy is 
insured. 
Property of Every Description (POED) coverage. Building, Stock and Equipment are insured 
under a single limit of insurance. 
All Property (Blanket) coverage. All property owned by the insured is covered or 
"blanketed" by a single limit of insurance. (May insure property at more than one location.)
-
CAIB 2 Questions and Answers Already Passed
- Exam (elaborations) • 13 pages • 2024
-
- $7.99
- + learn more
Scheduled Coverage Refer to policy on which coverage is provided only on that property 
which is specifically identified or scheduled 
Property of Every Description Refers to policy used to insure buildings, stock and equipment 
under a single limit of insurance 
All Property (Blanket) A policy which under all property owned by the insured is covered or 
"blanketed" by a single limit of insurance 
Tenant Improvement Building improvement, alteration and betterment made at the expense 
of or pur...
-
CAIB 2 Practice Exam Questions with Verified Answers
- Exam (elaborations) • 25 pages • 2024
-
- $15.99
- + learn more
Waivers of Co-insurance clause are common on commercial property policies. What types of 
losses are applicable to this waiver of co-insurance? 
Is less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
Identify 3 reasons why exclusions exist on commercial property policy. 
losses which are generally considered by insurers to be commercially insurable: 
1. Deliberate acts of violence -war, rebellion 
2. losses which are considered catastrophic, Earthquake, snow slides,...
-
CAIB 2 Latest Version with Certified Answers
- Exam (elaborations) • 13 pages • 2024
-
- $7.99
- + learn more
Scheduled Coverage refers to policy on which coverage is provided only on that property 
which is specifically identified or scheduled 
All Property refers to policy used to insure building, equipment and stock under a single 
limit of Insurance 
Tenants Improvement building improvements, alteration and betterments made at expense of 
or purchased by the insured to a building occupied by the insured and which are not otherwise 
insured, provided the insured is not actual owner of such building 
...
-
CAIB 2 Chapter 7 Practice Test 1 Graded A+
- Exam (elaborations) • 5 pages • 2024
-
- $7.99
- + learn more
Provide four sources of Business Interruption losses and an example of each. 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 causing evacuation of town. 
As a result, of this railcar a...
-
CAIB 2 CHAPTER 4 QUESTIONS AND ANSWERS RATED A+
- Exam (elaborations) • 17 pages • 2024
-
- $7.99
- + learn more
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 exclusions, restrictions, or 
limitations found in the ...
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint. Discover all about earning on Stuvia