Charlene's Scholastic Emporium.
Your Actual and Virtual Exam Tests Excellent Tutor.
- 10057
- 0
- 759
Community
- Abonnés
- Abbonements
18 Avis reçus
9 éléments
CAIB 3 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
CAIB 3 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
- Pack
- • 4 éléments •
CAIB 3 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
CAIB 3 Practice Exam Questions and Answers 100% Pass
CAIB 3 Practice Exam Questions and 
Answers 100% Pass 
What is the name given to the collection of written decisions? - Answer- Case Law 
Explain the concept of the Rule of Precedent. - Answer- Current court decisions must 
follow those made in cases having similar circumstances, which allows the development 
of a logical body of general principles against which specific cases to be compared. 
Explain the meaning of the term "damages". - Answer- Compensation in money for the 
loss or damage su...
- Examen
- • 20 pages •
CAIB 3 Practice Exam Questions and 
Answers 100% Pass 
What is the name given to the collection of written decisions? - Answer- Case Law 
Explain the concept of the Rule of Precedent. - Answer- Current court decisions must 
follow those made in cases having similar circumstances, which allows the development 
of a logical body of general principles against which specific cases to be compared. 
Explain the meaning of the term "damages". - Answer- Compensation in money for the 
loss or damage su...
CAIB 3 Chapter 5 Exam Questions and Answers 100% Pass
CAIB 3 Chapter 5 Exam Questions and 
Answers 100% Pass 
Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity 
Bonds 
2. Surety Bonds 
Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from 
the dishonest acts of their employees. Today employees do not purchase their own 
Fidelity Bonds. Instead employers purchase employee dishonesty insurance 
Identify and explain the three C's that all underwriters take very seriously, and that ...
- Examen
- • 15 pages •
CAIB 3 Chapter 5 Exam Questions and 
Answers 100% Pass 
Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity 
Bonds 
2. Surety Bonds 
Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from 
the dishonest acts of their employees. Today employees do not purchase their own 
Fidelity Bonds. Instead employers purchase employee dishonesty insurance 
Identify and explain the three C's that all underwriters take very seriously, and that ...
CAIB 3 FINAL EXAMINATION QUESTIONS AND ANSWERS GRADED A
CAIB 3 FINAL EXAMINATION QUESTIONS AND 
ANSWERS GRADED A 
Define the following insurance terms. 
Bill of Lading - Answer- Documents issued by carriers responsible for transporting or 
forwarding goods 
Constructive Total Loss (MARINE INSURANCE) - Answer- Occurs when the cost of 
salvaging the cargo is too high relative to the value saved 
Working Capital - Answer- Amounts of funds available to pay continuing business 
operating expenses until payment is received for work being undertaken by the ...
- Examen
- • 8 pages •
CAIB 3 FINAL EXAMINATION QUESTIONS AND 
ANSWERS GRADED A 
Define the following insurance terms. 
Bill of Lading - Answer- Documents issued by carriers responsible for transporting or 
forwarding goods 
Constructive Total Loss (MARINE INSURANCE) - Answer- Occurs when the cost of 
salvaging the cargo is too high relative to the value saved 
Working Capital - Answer- Amounts of funds available to pay continuing business 
operating expenses until payment is received for work being undertaken by the ...
CAIB 3 Chapter 1 Exam Questions and Answers 100% Pass
CAIB 3 Chapter 1 Exam Questions and 
Answers 100% Pass 
Identify the two divisions in the Canadian Legal System - Answer- Criminal Law 
Civil Law 
Should brokers always recommend clients questions concerning maters of law to a 
qualified legal practitioner? - Answer- Yes 
Identify eight examples of criminal wrongs - Answer- Certain uses of an automobile 
Possession and trafficking of drugs 
Murder 
Voluntary manslaughter 
Burglary, robbery and theft 
Price fixing 
Pollution of the air and water ...
- Examen
- • 14 pages •
CAIB 3 Chapter 1 Exam Questions and 
Answers 100% Pass 
Identify the two divisions in the Canadian Legal System - Answer- Criminal Law 
Civil Law 
Should brokers always recommend clients questions concerning maters of law to a 
qualified legal practitioner? - Answer- Yes 
Identify eight examples of criminal wrongs - Answer- Certain uses of an automobile 
Possession and trafficking of drugs 
Murder 
Voluntary manslaughter 
Burglary, robbery and theft 
Price fixing 
Pollution of the air and water ...
CAIB 3 Exam Questions and Answers 100% Pass
CAIB 3 Exam Questions and Answers 100% Pass 
Civil Law - Answer- the body of law concerned with civil or private rights and remedies, 
as contrasted with criminal law which deals with wrongs against society. 
Tort - Answer- a private or civil wrong or injury, other than breach of contract, for which 
the court will provide a remedy in the form of an award for damages. 
Breach of Contract - Answer- is the failure, without legal excuse to perform any promise 
which forms the whole or part of the c...
- Package deal
- Examen
- • 6 pages •
CAIB 3 Exam Questions and Answers 100% Pass 
Civil Law - Answer- the body of law concerned with civil or private rights and remedies, 
as contrasted with criminal law which deals with wrongs against society. 
Tort - Answer- a private or civil wrong or injury, other than breach of contract, for which 
the court will provide a remedy in the form of an award for damages. 
Breach of Contract - Answer- is the failure, without legal excuse to perform any promise 
which forms the whole or part of the c...
CAIB 3 Chapter 6 Exam Questions and Answers 100% Pass
CAIB 3 Chapter 6 Exam Questions and 
Answers 100% Pass 
Identify the two dimensions of the risk management process - Answer- 1. A decision 
process 
2. A management or administrative process 
Identify the five steps in the decision making process - Answer- Step 1 - Identify & 
analyze loss exposure 
Step 2 - Examine alternative risk management techniques 
Step 3 - Select risk management techniques 
Step 4 - Implement techniques 
Step 5 - Monitor results 
Identify the four administrative areas in...
- Package deal
- Examen
- • 15 pages •
CAIB 3 Chapter 6 Exam Questions and 
Answers 100% Pass 
Identify the two dimensions of the risk management process - Answer- 1. A decision 
process 
2. A management or administrative process 
Identify the five steps in the decision making process - Answer- Step 1 - Identify & 
analyze loss exposure 
Step 2 - Examine alternative risk management techniques 
Step 3 - Select risk management techniques 
Step 4 - Implement techniques 
Step 5 - Monitor results 
Identify the four administrative areas in...
CAIB 3 Chapter 3 Exam Questions and Answers 100% Pass
CAIB 3 Chapter 3 Exam Questions and 
Answers 100% Pass 
Identify, other than in Quebec two different systems used to insure automobiles in 
Canada - Answer- 1. Private insurers 
2. Compulsory government insurance plans 
Identify three types of Standard Policy Forms (SPF) that are used to insure vehicles - 
Answer- SPF No 1. Owners Form 
SPF No 4. Standard garage automobile policy 
SPF No 6. Standard non-owned automobile policy 
Briefly explain what is meant by standard policy forms - Answer- Pol...
- Package deal
- Examen
- • 13 pages •
CAIB 3 Chapter 3 Exam Questions and 
Answers 100% Pass 
Identify, other than in Quebec two different systems used to insure automobiles in 
Canada - Answer- 1. Private insurers 
2. Compulsory government insurance plans 
Identify three types of Standard Policy Forms (SPF) that are used to insure vehicles - 
Answer- SPF No 1. Owners Form 
SPF No 4. Standard garage automobile policy 
SPF No 6. Standard non-owned automobile policy 
Briefly explain what is meant by standard policy forms - Answer- Pol...
CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) 
principal fails therein." 
-Promises to answer for the default of the principal. 
Suretyship - Answer- A guarantee of performance made...
- Package deal
- Examen
- • 16 pages •
CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) 
principal fails therein." 
-Promises to answer for the default of the principal. 
Suretyship - Answer- A guarantee of performance made...
Earth Science Exam Review 2024 with Complete Solutions
Hondros Nursing 172 Exam 2 Questions and Answers 100% Pass
Oregon Pesticide Examination: Ornamental and Turf Herbicide Questions and Answers 100% Pass
Xcel Solutions Property & Casualty Exam Questions and Answers
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect