CAIB 1 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about CAIB 1? On this page you'll find 202 study documents about CAIB 1.
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![CAIB 1 - Chapter 6 Practice Questions and Answers 100% Pass](/docpics/5239031/663c46c481f3e_5239031_121_171.jpeg)
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CAIB 1 - Chapter 6 Practice Questions and Answers 100% Pass
- Exam (elaborations) • 11 pages • 2024
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CAIB 1 - Chapter 6 Practice Questions and 
Answers 100% Pass 
What types of claims are paid out under Death & Injury - Answer- court awards to 
innocent victims and their families, death benefits and funeral expenses, medical 
payments, rehabilitation costs, loss of income 
What types of claims are paid out under Damage to Property - Answer- Collision, 
Comprehensive 
Why is auto insurance compulsory in all provinces? - Answer- It is unlikely that people 
would voluntarily purchase insurance thu...
![CAIB 1 - Chapter 2 Practice Questions and Answers 100% Pass](/docpics/5239030/663c468a6aaf4_5239030_121_171.jpeg)
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CAIB 1 - Chapter 2 Practice Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2024
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children's playgrounds or outdoor swimming pools (above & below ground). Coverage is 
also provided for materials and supplies located adjacent to the premises that are 
intended for use in the construction or repair of the insured dwelling 
(True or False) There is no coverage for outdoor trees & shrubs when damaged by wind 
or hail - Answer- True 
Explain Coverage B - Detached Private Structures - Answer- Provides coverage for any 
structure or building that is separated from the dwelling by ...
![CAIB 1 Chapter 4 Practice Questions and Answers 100% Correct](/docpics/5239025/663c4687d8420_5239025_121_171.jpeg)
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CAIB 1 Chapter 4 Practice Questions and Answers 100% Correct
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CAIB 1 Chapter 4 Practice Questions and 
Answers 100% Correct 
What area of law does Criminal Law address? - Answer- Criminal law deals with 
wrongs against society 
How does criminal law deal with violators? - Answer- Prosecute them in criminal courts 
with fines, imprisonment or probation 
What area of law does civil law or common law address? - Answer- Concerned with 
settling disputes between individuals or other legal entities in matters not involving a 
criminal act 
What is the goal of ci...
![CAIB 1 Practice Exam (Long Answer) 100% Verified and Updated 2024](/docpics/5239023/663c468534c40_5239023_121_171.jpeg)
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CAIB 1 Practice Exam (Long Answer) 100% Verified and Updated 2024
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CAIB 1 Practice Exam (Long Answer) 
100% Verified and Updated 2024 
Your clients suffered a fire loss totalling $87,555. When making the proof of loss, they 
claimed $1,500 for a stereo unit which they never owned. In the event that the fraud is 
discovered by the insurer, what portion of the claim, if any, is required to be paid under 
policy? - Answer- When the insurer is able to prove fraud, it is entitled to deny the entire 
claim, and not just that part which was fraudulent. (1 mark 
The in...
![CAIB 1 Chapter 7 Practice Questions and Answers 100% Pass](/docpics/5239021/663c464885893_5239021_121_171.jpeg)
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CAIB 1 Chapter 7 Practice Questions and Answers 100% Pass
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CAIB 1 Chapter 7 Practice Questions and 
Answers 100% Pass 
Who is responsible for the administration of the insurance act in your province? - 
Answer- MB Government 
Outline the initial licensing requirements, whether there are different levels of licenses, 
the supervision requirements, and license terms in your province. - Answer- Insurance 
license required. CAIB 1 with supervision 
Outline the class of license issued in our province and whether this license would be 
valid in other province...
![CAIB 1 Practice Questions (100) with Correct Answers](/docpics/5239019/663c461025d77_5239019_121_171.jpeg)
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CAIB 1 Practice Questions (100) with Correct Answers
- Exam (elaborations) • 20 pages • 2024
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CAIB 1 Practice Questions (100) with Correct Answers 
Consideration is... 
a. The law of insurance 
b. A promise between parties 
c. A contract's binding force 
d. An exchange of something of value - Answer- d. An exchange of something of value 
A stock company is... 
a. A company that invests in other companies 
b. A company owned by stockholders who provide the capital to start and run the 
company 
c. Is owned by customers of the company 
d. A company that owns livestock - Answer- b. A compa...
![CAIB 1 Chapter 5 Farm Insurance Questions and Answers 100% Verified](/docpics/5239017/663c460d9d20c_5239017_121_171.jpeg)
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CAIB 1 Chapter 5 Farm Insurance Questions and Answers 100% Verified
- Exam (elaborations) • 5 pages • 2024
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CAIB 1 Chapter 5 Farm Insurance 
Questions and Answers 100% Verified 
Define farming - Answer- premises for crops and livestock 
roadside stands and farmers markets 
Three Basic differences between types of arms - Answer- 1) The product grown or 
produced 
2) Types of specialized machinery or equipment used 
3) The types of buildings required 
Identify the 4 coverages generally provided by most farm policies - Answer- 1) dwelling 
building and personal property 
2) Major outbuildings and content...
![CAIB 1 - Chapter 7 Questions and Answers 100% Correct](/docpics/5239015/663c45d5bf218_5239015_121_171.jpeg)
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CAIB 1 - Chapter 7 Questions and Answers 100% Correct
- Exam (elaborations) • 3 pages • 2024
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CAIB 1 - Chapter 7 Questions and 
Answers 100% Correct 
What are 3 actions which demonstrate a brokers unethical conduct? - Answer- to sell 
more insurance than is needed, to sell higher priced coverages when equivalent 
coverage is available for a lower price, to recommend policies with a higher 
commission. 
What are 3 qualities of a professional? - Answer- commitment to higher ethical 
standards, have a high standard of educational preparedness with mandatory 
continuous education, have a for...
![CAIB 1 Chapter 6 Questions and Answers 100% Pass](/docpics/5239012/663c45d3210cb_5239012_121_171.jpeg)
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CAIB 1 Chapter 6 Questions and Answers 100% Pass
- Exam (elaborations) • 11 pages • 2024
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CAIB 1 Chapter 6 Questions and 
Answers 100% Pass 
What is the minimum limit of Third Party Liability available in your province? - Answer- 
$200,000 
How does an insured show proof of financial responsibility in your province - Answer- 
The "pink copy" of the certificate of registration 
Identify the Automobile coverages that are available in your province and indicate which 
are compulsory. - Answer- Auto Policy Limits - $200,000 Bodily Injury - $180,000 
Property Damage - $20,000 
All compu...
![CAIB 1 Chapter 3 Exam Questions and Answers 100% Pass](/docpics/5239011/663c45d080ab7_5239011_121_171.jpeg)
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CAIB 1 Chapter 3 Exam Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2024
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CAIB 1 Chapter 3 Exam Questions and 
Answers 100% Pass 
Identify four perils that mobile homes are more susceptible to than conventional homes 
- Answer- 1. Fire 
2. Windstorms 
3. Hail 
4. Transportation 
Identify the purpose of "tie downs" - Answer- Secure the unit to the foundation so that it 
remains stable during windstorms 
Explain the purpose of "dent clause" - Answer- Excludes payment unless the exterior 
siding has been actually torn or punctured by the storm 
Identify 2 expenses in...
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