CAIB 2 - CHAPTER 2 Verified Exam Questions and
Answers 2026/2027
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Terms in this set (28)
A proposal for insurance that's "Submission."
presented to the underwriter for
consideration. It can include an
application, and additional verbal and
written information (i.e., previous
policy premium, loss details and
history, financial statements and
photos).
, 1) Assists to identify loss exposures; Three purposes of survey forms.
2) Helps eliminate purchase of
coverage that isn't needed;
3) Assists in development of
underwriting information the insurer
needs.
1) Alerts broker to possible loss Three advantages of using a property checklist with
exposures; clients.
2) Ensures needed coverages are not
overlooked;
2) Helps reduce potential for an E&O
claim.
Frame. The type of commercial building construction that's
likely to produce the highest insurance rate.
Fire resistive. The type of commercial building construction that's
likely to produce the lowest insurance rate.
25 years or older. The age a building has to be for an insurer to request
information about recent renovations or upgrading.
Answers 2026/2027
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (28)
A proposal for insurance that's "Submission."
presented to the underwriter for
consideration. It can include an
application, and additional verbal and
written information (i.e., previous
policy premium, loss details and
history, financial statements and
photos).
, 1) Assists to identify loss exposures; Three purposes of survey forms.
2) Helps eliminate purchase of
coverage that isn't needed;
3) Assists in development of
underwriting information the insurer
needs.
1) Alerts broker to possible loss Three advantages of using a property checklist with
exposures; clients.
2) Ensures needed coverages are not
overlooked;
2) Helps reduce potential for an E&O
claim.
Frame. The type of commercial building construction that's
likely to produce the highest insurance rate.
Fire resistive. The type of commercial building construction that's
likely to produce the lowest insurance rate.
25 years or older. The age a building has to be for an insurer to request
information about recent renovations or upgrading.
