General Insurance Alberta Level 2 Chapter 3
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CAIB 1 Life Insurance Taxation Principles: C... Ibac Chap 1 Estimat
232 terms 511 terms 19 terms 29 terms
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According to the Insurance Act, the most Lightning damage to electrical devices 3 multiple choice options
basic coverage is fire. In addition, it also
stipulates that other coverage must be
provided as well. Which of the following is
not a coverage required by the Insurance
Act?
Condo Owners insurance covers personal Strata building coverage 3 multiple choice options
property, additional living expenses,
liability, lost rental income and some
unique coverages. Which of the following
is not an example of such a coverage?
Coverage D - Additional Living Expenses 14 3 multiple choice options
will provide any extra expenses needed
to maintain your normal quality of life
when your home is uninhabitable due to
damage by an insured peril. If you were
forced to evacuate due to a nearby
insured peril (i.e. forest fire), Coverage D
would cover you for how many days?
David, your client, just bought a brand $180,000 3 multiple choice options
new house that will cost $1MM to rebuild.
He puts a 20% downpayment and borrows
the rest from the bank. After speaking
with you at length about his insurance
coverage, he opts to purchase Actual
Cash Value coverage with a $900,000 limit
of insurance. A few days later, his house
burns down in a cooking accident and is
completely destroyed. How much
indemnity will he receive from the
insurer?
, Homeowners Basic form provides Losses due to application of heat 3 multiple choice options
coverage for many perils. Which of the
following is not an insured peril?
If the insured decides to cancel the 0 3 multiple choice options
insurance policy, they must give how
many days notice?
The indemnity agreement outlines… How insureds will be made whole 3 multiple choice options
The Insurance Act stipulates some Name of broker 3 multiple choice options
requirements about what policies must
contain. Which of the following is not
required by the Insurance Act to appear
on policies.
In the Insurance Act, under the statutory False description of property 3 multiple choice options
condition of misrepresentation, which of
the following is not a form of
misrepresentation?
Joanne has a very expensive shoe Only compensate her for the shoe that was damaged (ex: $500)
collection, with each pair costing at least
$1000. One day, one of her shoes was lost
3 multiple choice options
in an insured accident. In this case, her
insurer will…
The limit of insurance for Coverage B is… A % of Coverage A's limit 3 multiple choice options
Many insureds will opt to purchase a Fine While away at an exhibition 3 multiple choice options
Art endorsement to insure their art. All of
the following are covered except one.
Property insurance policies only provide 30 3 multiple choice options
coverage for property on premises. But
for property that is necessarily removed
(to protect it from loss), the policy will
extend coverage for that location for how
many days?
A short rate refund will apply when… The insured cancels 3 multiple choice options
The Tear Out clause will pay for repairing Outdoor swimming pools 3 multiple choice options
building parts tore out to repair
underlying water damage. But there are
exclusions. Which of the following is one
such exclusion?
Tenants insurance provides coverage for true 1 multiple choice option
personal property and tenant
improvements but not for building
damage.
There are many extensions of coverage 5% of the dwelling limit 3 multiple choice options
automatically provided for Section 1.
Coverage under the Debris Removal
extention will give you a limit of…
Save
Students also studied
Flashcard sets Study guides Practice tests
CAIB 1 Life Insurance Taxation Principles: C... Ibac Chap 1 Estimat
232 terms 511 terms 19 terms 29 terms
sydneykilaender Preview XIAOWEN_DENG4 Preview Harleen_Hairh Preview Tyle
According to the Insurance Act, the most Lightning damage to electrical devices 3 multiple choice options
basic coverage is fire. In addition, it also
stipulates that other coverage must be
provided as well. Which of the following is
not a coverage required by the Insurance
Act?
Condo Owners insurance covers personal Strata building coverage 3 multiple choice options
property, additional living expenses,
liability, lost rental income and some
unique coverages. Which of the following
is not an example of such a coverage?
Coverage D - Additional Living Expenses 14 3 multiple choice options
will provide any extra expenses needed
to maintain your normal quality of life
when your home is uninhabitable due to
damage by an insured peril. If you were
forced to evacuate due to a nearby
insured peril (i.e. forest fire), Coverage D
would cover you for how many days?
David, your client, just bought a brand $180,000 3 multiple choice options
new house that will cost $1MM to rebuild.
He puts a 20% downpayment and borrows
the rest from the bank. After speaking
with you at length about his insurance
coverage, he opts to purchase Actual
Cash Value coverage with a $900,000 limit
of insurance. A few days later, his house
burns down in a cooking accident and is
completely destroyed. How much
indemnity will he receive from the
insurer?
, Homeowners Basic form provides Losses due to application of heat 3 multiple choice options
coverage for many perils. Which of the
following is not an insured peril?
If the insured decides to cancel the 0 3 multiple choice options
insurance policy, they must give how
many days notice?
The indemnity agreement outlines… How insureds will be made whole 3 multiple choice options
The Insurance Act stipulates some Name of broker 3 multiple choice options
requirements about what policies must
contain. Which of the following is not
required by the Insurance Act to appear
on policies.
In the Insurance Act, under the statutory False description of property 3 multiple choice options
condition of misrepresentation, which of
the following is not a form of
misrepresentation?
Joanne has a very expensive shoe Only compensate her for the shoe that was damaged (ex: $500)
collection, with each pair costing at least
$1000. One day, one of her shoes was lost
3 multiple choice options
in an insured accident. In this case, her
insurer will…
The limit of insurance for Coverage B is… A % of Coverage A's limit 3 multiple choice options
Many insureds will opt to purchase a Fine While away at an exhibition 3 multiple choice options
Art endorsement to insure their art. All of
the following are covered except one.
Property insurance policies only provide 30 3 multiple choice options
coverage for property on premises. But
for property that is necessarily removed
(to protect it from loss), the policy will
extend coverage for that location for how
many days?
A short rate refund will apply when… The insured cancels 3 multiple choice options
The Tear Out clause will pay for repairing Outdoor swimming pools 3 multiple choice options
building parts tore out to repair
underlying water damage. But there are
exclusions. Which of the following is one
such exclusion?
Tenants insurance provides coverage for true 1 multiple choice option
personal property and tenant
improvements but not for building
damage.
There are many extensions of coverage 5% of the dwelling limit 3 multiple choice options
automatically provided for Section 1.
Coverage under the Debris Removal
extention will give you a limit of…
