CAIB Question and answers 100% correct 2024

CAIB Question and answers 100% correct 2024 Identify the three types of Homeowner Forms? - correct answer (1)Homeowner Basic Form (2)Homeowners Broad Form (3)Homeowners Comprehensive Form Identify 4 types of habitational risks which may be eligible for coverage under a homeowners form? - correct answer (1)SFD occupied year round by owners as their principal dwelling (2)Dwellings containing more than one family (3)Insureds having more than one principal dwelling (4)Mobile homes situated on a full basement (5)Dwellings in the course of construction, where insured intends to occupy dwelling. The Homeowner Forms were developed by _ _ _ - correct answer Insurance Bureau of Canada True or False? Insurers are not obligated to use the Homeowner Forms and can make changes to them. - correct answer Answer: True True or False? Insurance companies rarely use the IBC Forms without making changes to them. - correct ans