CAIB 2 EXAM 2026 UPDATE
QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
(BRAND NEW VISION)
identify the two categories that the control of alarm systems fall into -
ans-locally supervised alarm controls
central station supervised alarm controls
identify the major weakness of ''locally supervised' alarm controls - ans-
people forget to turn them on when leaving work for the day
identify he two purposes of an alarm system - ans-to detect any breach
of or attempt to breach, the physical security of the premises
to provide a warning signal so that effective and immediate
response can be instituted
identify what is meant by line security - ans-the ability of the
telephone line to withstand tampering
identify the five supervisory levels as established by ULC (underwriters
laboratory of Canada) under alarm systems - ans-1) central station
service ( highest level )
2) monitoring station service
3)emergency station service
4) digital communicator service
5) local alarms
,a central station has the highest level of supervisor service. identify the
five functions they perform - ans-1) monitors all openings and
closing times of the premises
2) automatically activates the alarm system at closing time
3) screen after hours users and provides report for supervisor
4) provides immediate notice to police when alarm is received
5) dispatches a company representative to subscribers premises
immediately after police notified
identify two weaknesses of 'local alarm' * - ans-alarm rings on
premises only
can be easily tampered with
although the 'all risks' property forms generally include coverge for theft
on stock and equipment, identify three property items NOT covered - ans-
money, cash cards, securities, stamps
furs, fur garments jewels, jewellery
property in the custody of a sales representative
identify the four key areas addressed by crime riders - ans-property
covered
perils insured
location of property covered
persons causing the loss
,identify fully the three classes of property covered under a crime policy -
ans-jewellery
money
securities
why should a broker review the wording used by each insurer to check the
definitions of money - ans-as the DEFINITION OF MONEY MAY VARY
BETWEEN COVERAGE RIDERS, it is essential that the broker
reviews the wording used by each insurer
the definition in crime polices are NOT always the same as those used in
criminal law. explain this statement in the context of burglary - ans-law-
the existence of visible signs of forcible entry or exit is NOT
NECESSARY to be present to constitute a burglary
insurance- the unlawful taking of property by a person unlawfully
entering or leaving the premises as evidenced by marks of
forcible entry or exit
identify the three perils insured in stock and equipment burglary policy -
ans-actual or attempted burglary
robbery of a watchman
vandalism or malicious acts committed on the same occasion
briefly explain what is meant by 'smash and grab' - ans-within
showcases of show windows not opening directly into the interior
of the premises
identify the two areas contained in the definition of safe burglary - ans-
the unlawful taking of insured property from a vault or safe
, the unlawful taking of the safe from within the premises
identify the requirements to be present before a loss would be covered to
the contents of a 'safe' while located on the insured premises - ans-all
doors of the vault or safe are closed and locked by a combination
lock
the unlawful entry was forcible and is evidenced by visible marks on the
exterior of the vault or safe and any vault containing the safe
identify the three types of property insured under ja safe burglary policy -
ans-money, securites, and property
securities only
stock only
would there be any coverge for loss to a safe NOT identified on the
declarations of a safe burglary policy? yes or no? - ans-no
identify a key exclusion in the damage to building by burglary or robbery
policy - ans-damage to glass or damage to lettering, ornamentation, tapes
or foils on the glass (glass is covered under glass)
under the inside/outside robbery policy, identify three instances when
property taken from a 'custodian' would be covered inside the premises -
ans-caused or threatened to cause the custodian bodily harm
committed an overt unlawful act witnessed by the custodian
taken such property from a custodian who has been killed or rendered
unconscious
QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
(BRAND NEW VISION)
identify the two categories that the control of alarm systems fall into -
ans-locally supervised alarm controls
central station supervised alarm controls
identify the major weakness of ''locally supervised' alarm controls - ans-
people forget to turn them on when leaving work for the day
identify he two purposes of an alarm system - ans-to detect any breach
of or attempt to breach, the physical security of the premises
to provide a warning signal so that effective and immediate
response can be instituted
identify what is meant by line security - ans-the ability of the
telephone line to withstand tampering
identify the five supervisory levels as established by ULC (underwriters
laboratory of Canada) under alarm systems - ans-1) central station
service ( highest level )
2) monitoring station service
3)emergency station service
4) digital communicator service
5) local alarms
,a central station has the highest level of supervisor service. identify the
five functions they perform - ans-1) monitors all openings and
closing times of the premises
2) automatically activates the alarm system at closing time
3) screen after hours users and provides report for supervisor
4) provides immediate notice to police when alarm is received
5) dispatches a company representative to subscribers premises
immediately after police notified
identify two weaknesses of 'local alarm' * - ans-alarm rings on
premises only
can be easily tampered with
although the 'all risks' property forms generally include coverge for theft
on stock and equipment, identify three property items NOT covered - ans-
money, cash cards, securities, stamps
furs, fur garments jewels, jewellery
property in the custody of a sales representative
identify the four key areas addressed by crime riders - ans-property
covered
perils insured
location of property covered
persons causing the loss
,identify fully the three classes of property covered under a crime policy -
ans-jewellery
money
securities
why should a broker review the wording used by each insurer to check the
definitions of money - ans-as the DEFINITION OF MONEY MAY VARY
BETWEEN COVERAGE RIDERS, it is essential that the broker
reviews the wording used by each insurer
the definition in crime polices are NOT always the same as those used in
criminal law. explain this statement in the context of burglary - ans-law-
the existence of visible signs of forcible entry or exit is NOT
NECESSARY to be present to constitute a burglary
insurance- the unlawful taking of property by a person unlawfully
entering or leaving the premises as evidenced by marks of
forcible entry or exit
identify the three perils insured in stock and equipment burglary policy -
ans-actual or attempted burglary
robbery of a watchman
vandalism or malicious acts committed on the same occasion
briefly explain what is meant by 'smash and grab' - ans-within
showcases of show windows not opening directly into the interior
of the premises
identify the two areas contained in the definition of safe burglary - ans-
the unlawful taking of insured property from a vault or safe
, the unlawful taking of the safe from within the premises
identify the requirements to be present before a loss would be covered to
the contents of a 'safe' while located on the insured premises - ans-all
doors of the vault or safe are closed and locked by a combination
lock
the unlawful entry was forcible and is evidenced by visible marks on the
exterior of the vault or safe and any vault containing the safe
identify the three types of property insured under ja safe burglary policy -
ans-money, securites, and property
securities only
stock only
would there be any coverge for loss to a safe NOT identified on the
declarations of a safe burglary policy? yes or no? - ans-no
identify a key exclusion in the damage to building by burglary or robbery
policy - ans-damage to glass or damage to lettering, ornamentation, tapes
or foils on the glass (glass is covered under glass)
under the inside/outside robbery policy, identify three instances when
property taken from a 'custodian' would be covered inside the premises -
ans-caused or threatened to cause the custodian bodily harm
committed an overt unlawful act witnessed by the custodian
taken such property from a custodian who has been killed or rendered
unconscious
