CAIB 2 Final Exam Practice Test With Correct Answers

CAIB 2 Final Exam Practice Test With Correct Answers Define nnLoading nn- nncorrect nnanswer -Additional nnrate nncharged nnover nnand nnabove nnthe nnfire nnrate. Define nncommon nncarrier nn- nncorrect nnanswer -Includes nnairline, nnrailroads, nntrucking nncompanies, nnand nnothers nnthat nnfurnish nntransportation nnto nnany nnmember nnof nnthe nnpublic nnseeking nntheir nnservices. Define nn"Bailee nnfor nnHire" nn- nncorrect nnanswer -One nnwho nnhas nntemporary nncustody nnof nnthe nnpersonal nnproperty nnof nnanother nnfor nna nnpurpose nnother nnthan nnsale nnand nnwho nnis nncompensated nnas nna nncondition nnof nnsuch nncustody. Define nndiscovery nnperiod. nn- nncorrect nnanswer -Time nnpermitted nnby nnan nninsurer, nncommencing nnwith nnthe nnexpiry nndate nnof nnthe nnpolicy, nnin nnwhich nna nnclaim nnmust nnbe nndiscovered nnby nnthe nninsured nnif nnit nnis nnto nnbe nncovered nnby nnthe nnpolicy. Define nncontributing nnproperty nn- nncorrect nnanswer -Manufacturer nnor nnsupplier nnupon nnwhom nnthe nninsured nndepends nnfor nnmaterials nnor nngoods. All nnof nnthe nnfollowing nncharacteristics nnexcept nnone, nnare nncommon nnto nnBoiler nnand nnMachinery nnpolicies. nnPick nnthe nnexception. nn A) nninsures nnobjects nnagainst nnaccidents. nn B) nnexcludes nncoverage nnfor nnmechanical nnor nnelectrical nnbreakdown. nn C) nncoverage nnis nnprovided nnon nna nnlimit nnper nnaccident nnbasis. nn D) nninsurer nnretains nnthe nnright nnto nnsuspend nncoverage nnimmediately nnon nnany nnobject nnjudged nnto nnbe nnin nna nndangerous nncondition. nn- nncorrect nnanswer -B) nnexcludes nncoverage nnfor nnmechanical nnor nnelectrical nnbreakdown. The nnbuilders nnrisk nnbroad nnform nncan nnbe nnused nnto nninsure nnall nnof nnthe nnfollowing nnproperty nnitems nnat nnthe nnproject nnsite, nnexcept nnone. nnPick nnthe nnexception. nn A) nnall nnmaterials nnand nnsupplies nnto nnenter nninto nnand nnform nnpart nnof nnthe nncompleted nnproject. nn B) nngrowing nntrees, nnplants, nnshrubs, nnand nnflowers. nn C) nntemporary nnoffice nnused nnby nnthe nncontractor. nn D) nncontractors nntools nnand nnequipment. nn- nncorrect nnanswer -D) nncontractors nntools nnand nnequipment. A nncommon nncarrier nnis nnnot nnliable nnto nnthe nnowners nnof nngoods nnbeing nntransported nnby nnit nnfor nnthe nnfollowing nnloss: nn(pick nnthe nncorrect nnanswer) A) nnspoilage nnof nngoods nncaused nnby nnthe nnfailure nnof nnrefrigeration nnequipment nnattached nnto nntransporting nnconveyance. nn B) nninherent nnvice nnin nngoods nnbeing nntransported. nn C) nndamage nnto nngoods nncaused nnby nnan nnaccident nninvolving nnthe nntransporting nnconveyance. nn D) nna nndelay nnin nnshipment nncausing nnspoilage nndue nnto nnstock nnbeing nnmisdirected nnby nnthe nncarrier nnat nnthe nnpoint nnof nnshipment. nn- nncorrect nnanswer -B) nninherent nnvice nnin nngoods nnbeing nntransported. The nnsafe nnburglary nnrider nnwould nnpay nnfor nnthe nnfollowing nnloss: A) nnmoney nntaken nnfrom nna nnlocked nncash nndrawer. nn B) nnmoney nnand nnsecurities nntaken nnfrom nnan nnunlocked nnsafe. nn C) nnmoney nnand nnsecurities nntaken nnfrom nna nnlocked nnsafe nnby nna nnburglar nnwho nnknew nnthe nncombination nnof nnthe nnsafe. nn D) nnremoval nnof nnthe nnsafe nnfrom nnthe nnpremises nn- nncorrect nnanswer -D) nnremoval nnof nnthe nnsafe nnfrom nnthe nnpremises Glitters nnjewelry nnstore nnincorporated nnis nnequipped nnwith nnsophisticated nnburglary nndetection nnequipment. nnIt nnalso nnsubscribes nnto nnthe nnservices nnof nnan nnalarm nncontrol nnCenter nnproviding nnthe nnhighest nnlevel nnof nnsupervisory nnservice nntoday nnis: nn A) nndigital nncommunicator nnservice nn