Social Science Business Insurance
Alberta General Insurance Level 2
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General Insurance Essentials Pt. 2 St... CAIB 3 Chapter 5 - Section 1 The Me... Chapter 12 Insurance Insuran
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The 6-course executive development B FCIP
program for the insurance industry is
called…
A CAIB
B FCIP
C CIP
D CCIB
According to PIPA & PIPEDA (the privacy D Backups of client information must be kept for at least 3 years
legislations that apply in Alberta), which
of the following is false?
A You must keep client information
protected with a lock or password
B The information can only be accessed by
brokerage employees
C Clients can request a copy of the
information you have about them
D Backups of client information must be
kept for at least 3 years
According to the Dangerous Dogs Act, B false
owners of non-dangerous dogs would not
be liable for any damages caused by their
pet.
A true
B false
,According to the Insurance Act, the most B Lightning damage to electrical devices
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?
A Direct lightning damage
B Lightning damage to electrical devices
C Explosion of natural gas
D Explosion of manufactured gas
According to the Municipal Government B The city is liable for sidewalks
Act…
A Occupiers must clear adjacent sidewalks
of snow
B The city is liable for sidewalks
C The occupier is liable for any hazards
that escape from the premises (i.e. due to
maintenance issues)
D The occupier is liable for all slips and
falls that occur on their sidewalks
All of the following statements accurately D Some crimes are insurable if they carry a civil component and the defendant can
describe the coverage available under 3rd prove that they were not done intentionally
Party Liability policies except one.
A Bodily injury and property damage are
covered
B Personal injury and some contractual
liability is covered
C Coverage will also apply to any court-
mandated settlements, defense costs,
reasonable expenses incurred by the
insured to cooperate with the defense, and
all premiums for bonds mandated by the
court
D Some crimes are insurable if they carry a
civil component and the defendant can
prove that they were not done intentionally
All of the following statements regarding C Maintenance is the responsibility of the tenant so a landlord cannot be held liable
liability between landlords and tenants is for losses due to building maintenance
true except one.
A A landlord is generally not liable for the
actions of their tenants
B For buildings with multiple units, the
landlord is liable for ensuring that the
common areas are safe for tenant use
C Maintenance is the responsibility of the
tenant so a landlord cannot be held liable
for losses due to building maintenance
D A landlord renting a furnished premises
could be liable for losses arising from said
furnishings
, All of these statements are true except 1. C Because of the increased risk of loss, a broker/brokerage would need to notify
Identify the false statement. their E&O insurer when taking on a large new client
A A broker/brokerages would need to
notify insurers when an insured E&O claim
is made against the brokerage/broker
B A broker/brokerages would need to
notify insurers when something happens
that creates the potential for a claim
C Because of the increased risk of loss, a
broker/brokerage would need to notify
their E&O insurer when taking on a large
new client
D You would not need to report to the
E&O insurer any hiring/firing of employees.
Any additional monies charged by the B Loading
insurer to insure against additional perils
is called…
A Fire Rate
B Loading
C Endorsement Premium
D Rider Premium
The biggest difference between C Actual cash value factors in depreciation whereas replacement cost does not
Replacement Cost and Actual Cash Value
is that…
A Replacement cost coverage requires an
appraisal
B The insured must qualify for replacement
cost coverage
C Actual cash value factors in depreciation
whereas replacement cost does not
D Replacement cost coverage is more
commonly used in commercial property
insurance than actual cash value
British Columbia, Ontario and Manitoba B false
have Parental Responsibility Acts which
make parents vicariously liable for a The Act works with "intentional" torts, not unintentional
child's unintentional torts.
A true
B false
Brokers handle sensitive client A Implied consent
information that they must keep private.
As part of this, you can only collect
information when the purpose is
disclosed and is consented to by the
client. Which of the following is not a form
of consent?
A Implied consent
B Filling in the application
C Filling in a consent form
D Verbal consent
Alberta General Insurance Level 2
Save
Students also studied
Flashcard sets Study guides Practice tests
General Insurance Essentials Pt. 2 St... CAIB 3 Chapter 5 - Section 1 The Me... Chapter 12 Insurance Insuran
51 terms 18 terms 28 terms 83 terms
darbyg1 Preview LittleDipper02 Preview Zach_Gies480 Preview boo
The 6-course executive development B FCIP
program for the insurance industry is
called…
A CAIB
B FCIP
C CIP
D CCIB
According to PIPA & PIPEDA (the privacy D Backups of client information must be kept for at least 3 years
legislations that apply in Alberta), which
of the following is false?
A You must keep client information
protected with a lock or password
B The information can only be accessed by
brokerage employees
C Clients can request a copy of the
information you have about them
D Backups of client information must be
kept for at least 3 years
According to the Dangerous Dogs Act, B false
owners of non-dangerous dogs would not
be liable for any damages caused by their
pet.
A true
B false
,According to the Insurance Act, the most B Lightning damage to electrical devices
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?
A Direct lightning damage
B Lightning damage to electrical devices
C Explosion of natural gas
D Explosion of manufactured gas
According to the Municipal Government B The city is liable for sidewalks
Act…
A Occupiers must clear adjacent sidewalks
of snow
B The city is liable for sidewalks
C The occupier is liable for any hazards
that escape from the premises (i.e. due to
maintenance issues)
D The occupier is liable for all slips and
falls that occur on their sidewalks
All of the following statements accurately D Some crimes are insurable if they carry a civil component and the defendant can
describe the coverage available under 3rd prove that they were not done intentionally
Party Liability policies except one.
A Bodily injury and property damage are
covered
B Personal injury and some contractual
liability is covered
C Coverage will also apply to any court-
mandated settlements, defense costs,
reasonable expenses incurred by the
insured to cooperate with the defense, and
all premiums for bonds mandated by the
court
D Some crimes are insurable if they carry a
civil component and the defendant can
prove that they were not done intentionally
All of the following statements regarding C Maintenance is the responsibility of the tenant so a landlord cannot be held liable
liability between landlords and tenants is for losses due to building maintenance
true except one.
A A landlord is generally not liable for the
actions of their tenants
B For buildings with multiple units, the
landlord is liable for ensuring that the
common areas are safe for tenant use
C Maintenance is the responsibility of the
tenant so a landlord cannot be held liable
for losses due to building maintenance
D A landlord renting a furnished premises
could be liable for losses arising from said
furnishings
, All of these statements are true except 1. C Because of the increased risk of loss, a broker/brokerage would need to notify
Identify the false statement. their E&O insurer when taking on a large new client
A A broker/brokerages would need to
notify insurers when an insured E&O claim
is made against the brokerage/broker
B A broker/brokerages would need to
notify insurers when something happens
that creates the potential for a claim
C Because of the increased risk of loss, a
broker/brokerage would need to notify
their E&O insurer when taking on a large
new client
D You would not need to report to the
E&O insurer any hiring/firing of employees.
Any additional monies charged by the B Loading
insurer to insure against additional perils
is called…
A Fire Rate
B Loading
C Endorsement Premium
D Rider Premium
The biggest difference between C Actual cash value factors in depreciation whereas replacement cost does not
Replacement Cost and Actual Cash Value
is that…
A Replacement cost coverage requires an
appraisal
B The insured must qualify for replacement
cost coverage
C Actual cash value factors in depreciation
whereas replacement cost does not
D Replacement cost coverage is more
commonly used in commercial property
insurance than actual cash value
British Columbia, Ontario and Manitoba B false
have Parental Responsibility Acts which
make parents vicariously liable for a The Act works with "intentional" torts, not unintentional
child's unintentional torts.
A true
B false
Brokers handle sensitive client A Implied consent
information that they must keep private.
As part of this, you can only collect
information when the purpose is
disclosed and is consented to by the
client. Which of the following is not a form
of consent?
A Implied consent
B Filling in the application
C Filling in a consent form
D Verbal consent
