CAIB 2 EXAM (NEWEST VERSION) | ALL QUESTIONS AND CORRECT ANSWERS (DETAILED ANSWERS) | GRADED A+ | VERIFIED ANSWERS | LATEST EXAM

CAIB 2 EXAM (NEWEST VERSION) |
ALL QUESTIONS AND CORRECT
ANSWERS (DETAILED ANSWERS) |
GRADED A+ | VERIFIED ANSWERS |
LATEST EXAM

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Terms in this set (78)

,Your client, a B. Equipment
retail fashion
store, has just
rented a
business
premises in a
mall. Before
opening your
business, she
plans to install
new wall to wall
carpeting and
install wall
paneling. These
values would be
insured under
the amount
provided for:


A. Stock
B. Equipment
C. Building
D. Business
Interruption

,While the law D. Independent contractor
permits the
insurer to
surrogate
against the party
responsible for
the loss, the
insurer agrees
not to exercise
that right in
respect to
certain parties
under the policy.
Which of the
following parties
would be
surrogates
agains in the
event of their
responsibility?


A. insureds
business partner
B. Mortgagee
C. Parents who
provide

, financing
D. Independent
contractor
The commercial D. Mysterious disappearance
building,
equipment and
stock (broad
form policy)
insures all of the
following
except:
A. Theft or
attempted theft
B. Rupture of
freezing
C. Collapse
D. Mysterious
disappearance