CAIB 2 EXAM COMPLETE COURSE REVIEW
GUIDE
◉ Identify five classes of Building Construction as identified by the
IAO and briefly explain any three.
Answer: 1) fire resistive - building is one which has met minimum
standards in terms of hours it will withstand a specific, carefully
controlled test fire. (blocked doors)
2) non-combustive - is when all structural members, including
floors, roofs, and their supports are CONSTRUCTED of STEEL, IRON,
concrete or other non-combustible materials. Falls just short of fire
resistive. (bricks)
3) heavy timber - is quite rare and only found in existing old
buildings. Floor and roof construction is wood such as a log house.
(log house)
4) ordinary (concrete, wood, steel)
5) frame (wood)
[hoffon
,◉ Identify five areas of information that may be required when a
building is over 25 years of age:
Answer: - roof
- wiring
- over-current protection (circuit breakers, fuses)
- plumbing
- heating
◉ Identify five hazards common to all commercial buildings which
may influence their potential for loss:
Answer: - heating
- electrical services
- detachment
- protection
- occupancy
[dope h]
◉ Briefly outline the advantages of:
a) copper wiring
,b) interchangeable circuit breakers
Answer: a) copper wiring - serves to protect from damage, decay or
breakdown
b) provide the best form of over-current protection
◉ Identify the two types of Protection available for insured
property:
Answer: 1) PRIVATE - ex. (customer) as simple as purchasing a fire
extinguisher, or installing automatic sprinkler system.
2) PUBLIC - ex. (fire dept) public protection provided to insured
property. Main concern is the availability of fire fighting services,
and distance from fire hydrant.
◉ Identify two examples of Private Protection:
Answer: 1) fire extinguisher
2) automatic sprinkler system
◉ What is meant by the term 'unprotected'?
, Answer: no external protection provided to insured property within
a reasonable distance, is the risk said to be unprotected, almost
always requires higher rate.
◉ Identify three businesses that may contain 'special hazards'
Answer: 1) churches
2) garage/service station
3) bakeries, hotels, restaurants
4) butcher shops also
◉ Identify four activities that are common to all underwriter"
Answer: - risk selection
- risk classification
- rating and rate making
- policy holders service
◉ Identify two possible effects if an application is improperly
classified b an underwriter
Answer: 1) premium charged is in excess of that required
2) premium charged is insufficient
◉ Identify two factors which normally affect the premiums charged
by insurers
GUIDE
◉ Identify five classes of Building Construction as identified by the
IAO and briefly explain any three.
Answer: 1) fire resistive - building is one which has met minimum
standards in terms of hours it will withstand a specific, carefully
controlled test fire. (blocked doors)
2) non-combustive - is when all structural members, including
floors, roofs, and their supports are CONSTRUCTED of STEEL, IRON,
concrete or other non-combustible materials. Falls just short of fire
resistive. (bricks)
3) heavy timber - is quite rare and only found in existing old
buildings. Floor and roof construction is wood such as a log house.
(log house)
4) ordinary (concrete, wood, steel)
5) frame (wood)
[hoffon
,◉ Identify five areas of information that may be required when a
building is over 25 years of age:
Answer: - roof
- wiring
- over-current protection (circuit breakers, fuses)
- plumbing
- heating
◉ Identify five hazards common to all commercial buildings which
may influence their potential for loss:
Answer: - heating
- electrical services
- detachment
- protection
- occupancy
[dope h]
◉ Briefly outline the advantages of:
a) copper wiring
,b) interchangeable circuit breakers
Answer: a) copper wiring - serves to protect from damage, decay or
breakdown
b) provide the best form of over-current protection
◉ Identify the two types of Protection available for insured
property:
Answer: 1) PRIVATE - ex. (customer) as simple as purchasing a fire
extinguisher, or installing automatic sprinkler system.
2) PUBLIC - ex. (fire dept) public protection provided to insured
property. Main concern is the availability of fire fighting services,
and distance from fire hydrant.
◉ Identify two examples of Private Protection:
Answer: 1) fire extinguisher
2) automatic sprinkler system
◉ What is meant by the term 'unprotected'?
, Answer: no external protection provided to insured property within
a reasonable distance, is the risk said to be unprotected, almost
always requires higher rate.
◉ Identify three businesses that may contain 'special hazards'
Answer: 1) churches
2) garage/service station
3) bakeries, hotels, restaurants
4) butcher shops also
◉ Identify four activities that are common to all underwriter"
Answer: - risk selection
- risk classification
- rating and rate making
- policy holders service
◉ Identify two possible effects if an application is improperly
classified b an underwriter
Answer: 1) premium charged is in excess of that required
2) premium charged is insufficient
◉ Identify two factors which normally affect the premiums charged
by insurers
