CAIB 3 (Canadian Accredited Insurance Broker) Bundle Set

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 fo...

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. Stand...

Identify three sources of liability excluded by the commercial general liability policy. - Answer Pollution Liability - all bodily injury and property damage arising out of pollutants is excluded by the policy expect smoke damage caused by hostile fire on the insured premises would be covered when...

Identify the five mounting losses of liability insurers of the 1980's - Answer 1. Disproportionately high court awards in the USA 2. Environmental Disasters 3. Aviation Disasters 4. Inadequate assessment of potentially dangerous risks 5. Latent bodily injury claims Identify the five sectio...

Identify, in addition to transportation over the ocean, four other incidental methods of transportation covered under a marine cargo insurance policy - Answer 1. Air 2. Land 3. Rail 4. Vessels operating on inland waterways or lakes Identify the four parties who may have an insurable inter...

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 autom...