Charlene's Scholastic Emporium.
Your Actual and Virtual Exam Tests Excellent Tutor.
- 10032
- 0
- 757
Community
- Seguidores
- Siguiendo
35 Comentarios recibidos
15 artículos
CAIB 2 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
CAIB 2 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
- Lote
- • 10 artículos •
- CAIB 2 Chapter 7 Practice Test 1 100% Solved • Examen
- CAIB 2 Chapter 2 Practice Exam 1 Questions and Answers 100% Pass • Examen
- CAIB 2 - Chapter 7 Questions and Answers 100% Correct • Examen
- CAIB 2 Exam Questions and Answers 100% Pass • Examen
- CAIB 2 - CHAPTER 2 QUESTIONS AND ANSWERS 100% CORRECT • Examen
- Y mas...
CAIB 2 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
CAIB 2 -Terms and Definitions Questions and Answers
CAIB 2 -Terms and Definitions 
Questions and Answers 
Scheduled Coverage - Answer- refers to policy on which coverage is provided only on 
that property which is specifically identified or scheduled 
All Property - Answer- refers to policy used to insure building, equipment and stock 
under a single limit of Insurance 
Tenants Improvement - Answer- building improvements, alteration and betterments 
made at expense of or purchased by the insured to a building occupied by the insured 
and which ar...
- Examen
- • 8 páginas •
CAIB 2 -Terms and Definitions 
Questions and Answers 
Scheduled Coverage - Answer- refers to policy on which coverage is provided only on 
that property which is specifically identified or scheduled 
All Property - Answer- refers to policy used to insure building, equipment and stock 
under a single limit of Insurance 
Tenants Improvement - Answer- building improvements, alteration and betterments 
made at expense of or purchased by the insured to a building occupied by the insured 
and which ar...
CAIB 2 - Chapter 1 Questions and Answers 100% Pass
CAIB 2 - Chapter 1 Questions and Answers 100% Pass 
The three amounts to be considered when calculating the amount of payment as 
outlined in the Indemnity Agreement are: - Answer- 1) the value of the lost or damaged 
property (ACV) 
2) the interest of the insured in the property (ex. financial interest, home, mortgage) 
3) the amount of insurance specified on the "Declarations Page" for the loss or 
damaged property (least amount|) 
Identify the four categories that buildings may fall into: -...
- Examen
- • 14 páginas •
CAIB 2 - Chapter 1 Questions and Answers 100% Pass 
The three amounts to be considered when calculating the amount of payment as 
outlined in the Indemnity Agreement are: - Answer- 1) the value of the lost or damaged 
property (ACV) 
2) the interest of the insured in the property (ex. financial interest, home, mortgage) 
3) the amount of insurance specified on the "Declarations Page" for the loss or 
damaged property (least amount|) 
Identify the four categories that buildings may fall into: -...
CAIB 2 - Chapter 1 Questions and Answers 100% Pass
CAIB 2 - Chapter 1 Questions and 
Answers 100% Pass 
Explain "Scheduled Basis" - Answer- Only the items listed on the policy will be insured 
Explain "Property of Every Description" Basis - Answer- Building, stock and equipment 
are insured under a single limit of insurance 
Explain "All Property (Blanket)" Basis - Answer- All property owned by the insured is 
insured under a single limit of insurance - this can include property at different locations 
and may be subject to co insurance 
I...
- Examen
- • 6 páginas •
CAIB 2 - Chapter 1 Questions and 
Answers 100% Pass 
Explain "Scheduled Basis" - Answer- Only the items listed on the policy will be insured 
Explain "Property of Every Description" Basis - Answer- Building, stock and equipment 
are insured under a single limit of insurance 
Explain "All Property (Blanket)" Basis - Answer- All property owned by the insured is 
insured under a single limit of insurance - this can include property at different locations 
and may be subject to co insurance 
I...
CAIB 2 STUDY NOTES; CHAPTER 4 Questions and Answers 100% Pass
CAIB 2 STUDY NOTES; CHAPTER 4 
Questions and Answers 100% Pass 
Breifly explain the fuctions or endorsements, riders, and separate policies - Answer- 1. 
Endorsements; changes the terms or conditions of the insureds policy 
2. Riders; adds additional coverage to those already in place 
3. Separate policies; equipment breakdown insurance, computer crime, other 
specialized coverages often purchased separately but can be added to existing policy 
Identify the endorsement, rider or policy to respon...
- Examen
- • 13 páginas •
CAIB 2 STUDY NOTES; CHAPTER 4 
Questions and Answers 100% Pass 
Breifly explain the fuctions or endorsements, riders, and separate policies - Answer- 1. 
Endorsements; changes the terms or conditions of the insureds policy 
2. Riders; adds additional coverage to those already in place 
3. Separate policies; equipment breakdown insurance, computer crime, other 
specialized coverages often purchased separately but can be added to existing policy 
Identify the endorsement, rider or policy to respon...
CAIB 2 Chapter 1 Practice exam 1 Questions and Answers 100% Pass
CAIB 2 Chapter 1 Practice exam 1 
Questions and Answers 100% Pass 
Explain what it means to issue insurance on a scheduled basis - Answer- Only the 
property listed or scheduled on the policy is insured 
Explain what is meant to issue insurance on the basis of Property of Every Description - 
Answer- Building, stock and equipment are insured under a single limit of insurance 
Explain what it means to issue insurance on an all property (blanket) basis - Answer- All 
property owned by the insured ...
- Package deal
- Examen
- • 3 páginas •
CAIB 2 Chapter 1 Practice exam 1 
Questions and Answers 100% Pass 
Explain what it means to issue insurance on a scheduled basis - Answer- Only the 
property listed or scheduled on the policy is insured 
Explain what is meant to issue insurance on the basis of Property of Every Description - 
Answer- Building, stock and equipment are insured under a single limit of insurance 
Explain what it means to issue insurance on an all property (blanket) basis - Answer- All 
property owned by the insured ...
CAIB 2 Practice Exam Questions and Answers 100% Correct
CAIB 2 Practice Exam Questions and 
Answers 100% Correct 
Waivers of Co-insurance clause are common on commercial property policies. What 
types of losses are applicable to this waiver of co-insurance? 
Is less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
Identify 3 reasons why exclusions exist on commercial property policy. 
losses which are generally considered by insurers to be commercially insurable: 
1. Deliberate acts of violence -war, rebellion 
2. losses w...
- Package deal
- Examen
- • 24 páginas •
CAIB 2 Practice Exam Questions and 
Answers 100% Correct 
Waivers of Co-insurance clause are common on commercial property policies. What 
types of losses are applicable to this waiver of co-insurance? 
Is less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
Identify 3 reasons why exclusions exist on commercial property policy. 
losses which are generally considered by insurers to be commercially insurable: 
1. Deliberate acts of violence -war, rebellion 
2. losses w...
CAIB 2 Chapter 1 Practice exam 1 Questions and Answers 100% Pass
CAIB 2 Chapter 1 Practice exam 1 
Questions and Answers 100% Pass 
Explain what it means to issue insurance on a scheduled basis - Answer- Only the 
property listed or scheduled on the policy is insured 
Explain what is meant to issue insurance on the basis of Property of Every Description - 
Answer- Building, stock and equipment are insured under a single limit of insurance 
Explain what it means to issue insurance on an all property (blanket) basis - Answer- All 
property owned by the insured ...
- Package deal
- Examen
- • 3 páginas •
CAIB 2 Chapter 1 Practice exam 1 
Questions and Answers 100% Pass 
Explain what it means to issue insurance on a scheduled basis - Answer- Only the 
property listed or scheduled on the policy is insured 
Explain what is meant to issue insurance on the basis of Property of Every Description - 
Answer- Building, stock and equipment are insured under a single limit of insurance 
Explain what it means to issue insurance on an all property (blanket) basis - Answer- All 
property owned by the insured ...
CAIB 2- Chapter 3 Questions and Answers 100% Pass
CAIB 2- Chapter 3 Questions and 
Answers 100% Pass 
identify the three leading causes of fires in canada - Answer- -failure or malfunction of 
mechanical or electrical equipment 
-arson, suspected arson and other set fires 
-misuse of source of ignition 
Identify what information is required by law to appear on all insurance policies - Answer- 
names of parties to the contract 
policy periodloss payable or payee 
summary of insurance coverage 
rate and premium charged 
subject matter of insura...
- Package deal
- Examen
- • 12 páginas •
CAIB 2- Chapter 3 Questions and 
Answers 100% Pass 
identify the three leading causes of fires in canada - Answer- -failure or malfunction of 
mechanical or electrical equipment 
-arson, suspected arson and other set fires 
-misuse of source of ignition 
Identify what information is required by law to appear on all insurance policies - Answer- 
names of parties to the contract 
policy periodloss payable or payee 
summary of insurance coverage 
rate and premium charged 
subject matter of insura...
CAIB 2 - Chapter 6 Exam Questions and Answers 100% Correct
CAIB 2 - Chapter 6 Exam Questions and 
Answers 100% Correct 
3 Considerations that make some property items "Target Items" and provide an 
explanation for each - Answer- 1) Convertibility; the ease at which property can be sold 
and converted to cash 2) Value; higher valued articles are more attractive to thieves 3) 
Portability; the ease at which property can be transported 
4 methods used by thieves which may cause loss to insured property & provide an 
example - Answer- 1) Forceable entry i...
- Package deal
- Examen
- • 7 páginas •
CAIB 2 - Chapter 6 Exam Questions and 
Answers 100% Correct 
3 Considerations that make some property items "Target Items" and provide an 
explanation for each - Answer- 1) Convertibility; the ease at which property can be sold 
and converted to cash 2) Value; higher valued articles are more attractive to thieves 3) 
Portability; the ease at which property can be transported 
4 methods used by thieves which may cause loss to insured property & provide an 
example - Answer- 1) Forceable entry i...
Final Exam 4-40 Questions and Answers 100% Pass
Learn2Serve TABC Final Assessment with 100% Correct Answers
Key Realty Exam Questions + Answers 100% Solved
A lot of the answers were missing
6630 final exam with 100% correct answers 2024
Sport First Aid 5th Edition Exam Questions and Answers 100% Pass