CAIB 2 - CHAPTER 2 EXAM QUESTIONS
AND ANSWERS 100% PASS
A proposal for insurance that's 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). -
✔✔"Submission."
1) Assists to identify loss exposures;
2) Helps eliminate purchase of coverage that isn't needed;
3) Assists in development of underwriting information the insurer needs. - ✔✔Three
purposes of survey forms.
1) Alerts broker to possible loss exposures;
2) Ensures needed coverages are not overlooked;
2) Helps reduce potential for an E&O claim. - ✔✔Three advantages of using a property
checklist with clients.
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.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
AND ANSWERS 100% PASS
A proposal for insurance that's 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). -
✔✔"Submission."
1) Assists to identify loss exposures;
2) Helps eliminate purchase of coverage that isn't needed;
3) Assists in development of underwriting information the insurer needs. - ✔✔Three
purposes of survey forms.
1) Alerts broker to possible loss exposures;
2) Ensures needed coverages are not overlooked;
2) Helps reduce potential for an E&O claim. - ✔✔Three advantages of using a property
checklist with clients.
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.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
