CAIB 2 / CH 4 / SEC 1 / STUDY GUIDE Questions & Answers(RATED A+)

CAIB 2 / CH 4 / SEC 1 / STUDY
GUIDE Questions &
Answers(RATED A+)
Briefly explain the functions of Endorsements - ANSWERChanges the terms or conditions of the
Insured's policy



Briefly explain the functions of Riders - ANSWERAdds additional coverages to those already in place



Briefly explain the functions of Separate Policies - ANSWEREquipment Breakdown Insurance
(formerly known as Boiler and Machinery Insurance), computer, crime and other specialized
coverages are often purchased separately, but can also be added to an existing policy



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Exterior Signs -
ANSWERSign Form



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Exterior Glass -
ANSWERGlass Rider



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Vacant Property -
ANSWERVacancy Permit



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Records* -
ANSWERValuable Papers and Record Insurance; Accounts Receivable Form; Electronic Data
Processing Policy

, Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Furs -
ANSWERFurrier's Block



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Jewellery, watches,
pearls, precious and semi-precious stones - ANSWERJeweller's Block



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Boiler and certain
pressure vessels - ANSWEREquipment Breakdown (formerly known as Boiler and Machinery)



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Centrifugal force,
mechanical or electrical breakdown - ANSWEREquipment Breakdown (formerly known as Boiler and
Machinery)



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Earthquake -
ANSWEREarthquake Endorsement



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Flood - ANSWERFlood
Endorsement



*Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Sewer back up / water
escape - ANSWERWater Escape Endorsement



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Changes of
Temperature - ANSWERConsequential Loss Assumption Clause



Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Disturbance or
erasure of electronic recordings - ANSWERElectronic Data Processing Policy