CAIB 2- Crunch time

What are the provisions of the Stated Amount Co-Insurance Clause?

Who does the Insurer agree NOT to exercise the right of subrogation against?

What is the provision of the "Sue and Labour" Condition?

What is the provision of the "No Benefit to Bailee" Condition?

What is a submission?

What is Individual Risk Underwriting?

Under Statutory Condition 1, Misrepresentation, what are the three breaches of good faith?

What information has been deemed to be material?

Manuscript Policies

What are the 3 rules/guidelines to Reinsurance Policies?

What are the characteristics of a subscription policy?

What types of exposures are insured by the "Property In Transit" optional coverage extension?

What are the 5 Insuring Agreements of the 3D Policy?

What are Form A & Form B (Employee Dishonesty) called?

What are the 5 supervisory levels of alarms?

What is the purpose of an alarm system?

What are the four key areas addressed by Crime Riders?

What are the provisions of 'Debris Removal'?
(Broad Form or Named Perils)

What are the provisions for the 'Personal Property of Officers & Employees' extension?

What are the provisions for the 'Building Damage by Theft' extension?

What are the provisions for the 'Growing Plants, trees, shrubs or flowers in the open' extension?

What are the advantages to owners who purchase their own transportation insurance?

What classes of property are insured under the Builder's Risk form?

Hows does the Insurer deal with the potential for Insured's to under-insure on Builder's Risk forms?

Robbery (criminal meaning)

Identify two other factors which would increase the amount of credit available to Insureds in addition to having property protection systems installed

Identify two advantages of Infrared detectors

What coverages does the Stock & Equipment Burglary rider provide?

What are two categories of alarm system control?

Outline the coverages provided for Money & Securities by Agreement III- Loss Outside the Premises Coverage?

What are the exclusions of Insuring Agreement II- Loss Inside the Premises Coverage?

What are 3 reasons a client may not want to discuss Business Interruption Insurance?

What kinds of businesses would purchase Extra Expense Insurance?

How is payment made in the event of a loss for Extra Expense Insurance?

Identify 3 factors which will be considered in determining the amount of a loss which is insured by the Rent or Rental Value Endorsement.

What two factors might affect the amount of 'actual loss sustained'?

What does Gross Earnings insure?

What are 5 characteristics common to Business Interruption Forms?

Identify possible sources of business interruption losses

Outline 4 provisions contained in the Premium Adjustment Clause (business interruption)

What are 3 coverages provided by the "outside" robbery exposure in the "Inside/Outside Robbery" rider?

What are 3 coverages provided for the "inside" robbery exposure in "Inside/Outside Robbery" rider?