CAIB 2 Study guides, Class notes & Summaries

CAIB 2 - CHAPTER 2 QUESTIONS AND ANSWERS 100% CORRECT "Submission." - Answer- 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). Three purposes of survey forms. - Answer- 1) Assists to identify loss exposures; 2) Helps eliminate purchase of coverage that isn't needed; 3) Assists in develop...

CAIB 2 Chapter 2 Practice Exam 1 Questions and Answers 100% Pass What are three advantages using a fact find or survey? - Answer- i) Assists brokers when identifying potential losses ii) Assists brokers not to sell coverages client does not need iii) Assists brokers in collecting information needed by insurance companies What are three benefits of commercial property checklists and which is most important to brokers? - Answer- i) Assists brokers when identifying potential losses ii) Assi...

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