CAIB 2- General

Identify seven 'internal sources of information' available to an underwriter.

What are four 'external sources of information' available to the underwriter?

What four activities are common to all underwriters?

What are three things a 'survey' does?

What are three reasons a broker should use a commercial property checklist?

What are the 5 classes of building construction?

Identify the five extensions of coverage

What are four advantages of the package policy approach?

What are two disadvantages of the package policy approach?

Identify three leading causes of fires in Canada?

Identify the seven perils insured by the Fire and Extended coverage form in the text

What three perils are required to be included in any contract of fire insurance?

Identify what information is required by law to appear on ALL insurance policies?

What are 5 common off premises coverages?

What are 6 Miscellaneous Endorsement Forms?

Identify two factors which normally affect the premiums charged by Insurers

What is meant by the term 'unprotected'?

Identify five areas of information required if a building is over 25 years old

Identify the five methods used to determine Actual Cash Value?

What is the purpose of a deductible?

What effect does the Reinstatement Clause have?

Identify three types of property protection systems

Identify two types of property which are subject to a 'special basis of settlement'

What are five additional conditions contained in a number of commercial property forms?

Under what two circumstances may an insurer NOT deny coverage because of a breach of condition?

What are the four coverages provided by most package policies?

What does the Trip Transit Policy insure?

What does the Contractors Equipment Floater insure?

What is Inland Transportation Insurance?

Identify three types of property insured on the Transportation Floater - Broad Form

Identify five excluded losses for which a common carrier would NOT be liable to the owner of the goods

What does the Inflation Protection Endorsement cover?

What are three conditions under the Replacement Cost Endorsement?

What are two advantages of the Peak Season Endorsement?

What two limits of Insurance are found on the 'Sales Representative' Form?

Identify three examples of where the 'Sales Representative' coverage would respond?

What is meant by 'custody'?

What are two advantages of 'Property in Transit' coverage versus insurance through Canada Post?

List three instances in which insured property is not deemed to be at a 'temporary location'.

What three types of property must be directly attacked for coverage to respond under 'Consequential Loss Assumption Clause'?

The Insuring Agreement of Equipment Breakdown covers what?

What are the four elements of an 'accident'?

What are three features unique to Equipment Breakdown coverage?