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CAIB-3
Canadian Accredited Insurance Broker (CAIB 3) Exam
Exam Version: 6.0
Questions & Answers PDF
(Demo Version - Limited Content)
For More Information - Visit link below:
https://p2pexam.com/caib-3
, Question 1. (Single Select)
Under the inside/outside robbery coverage, which of the following would qualify as a custodian? (1 mark)
A: Guard.
B: Janitor.
C: Watchman.
D: Insured's partner.
Answer: D
Explanation:
Comprehensive Explanation: A custodian includes the insured, a partner of the insured, or an authorized
employee who has care and custody of the insured property. A guard, janitor or watchman is not treated as
a custodian for this coverage.
CAIB 3 Training & Study Pack - Crime Insurance: Inside/Outside Robbery and the definition of custodian.
Question 2. (Single Select)
Your client chartered a boat to transport some goods. While parked at the terminal overnight, some thieves
went aboard and stole some cargo. Upon investigation, it looks like the terminal's security was negligent,
allowing the thieves to easily enter the premises.
A) Which liability insurance will cover this loss? (1 mark)
B) Your client is adamant that they should not be responsible. They want to sue - who can they hold
responsible? (1 mark)
C) Which liability insurance will protect against this litigation? (1 mark)
A: See the answer in Explanation below.
Answer: A
Explanation:
https://p2pexam.com/caib-3 Page 2 of 7
CAIB-3
Canadian Accredited Insurance Broker (CAIB 3) Exam
Exam Version: 6.0
Questions & Answers PDF
(Demo Version - Limited Content)
For More Information - Visit link below:
https://p2pexam.com/caib-3
, Question 1. (Single Select)
Under the inside/outside robbery coverage, which of the following would qualify as a custodian? (1 mark)
A: Guard.
B: Janitor.
C: Watchman.
D: Insured's partner.
Answer: D
Explanation:
Comprehensive Explanation: A custodian includes the insured, a partner of the insured, or an authorized
employee who has care and custody of the insured property. A guard, janitor or watchman is not treated as
a custodian for this coverage.
CAIB 3 Training & Study Pack - Crime Insurance: Inside/Outside Robbery and the definition of custodian.
Question 2. (Single Select)
Your client chartered a boat to transport some goods. While parked at the terminal overnight, some thieves
went aboard and stole some cargo. Upon investigation, it looks like the terminal's security was negligent,
allowing the thieves to easily enter the premises.
A) Which liability insurance will cover this loss? (1 mark)
B) Your client is adamant that they should not be responsible. They want to sue - who can they hold
responsible? (1 mark)
C) Which liability insurance will protect against this litigation? (1 mark)
A: See the answer in Explanation below.
Answer: A
Explanation:
https://p2pexam.com/caib-3 Page 2 of 7
