Canadian Accredited Insurance Broker Program CAIB 1
Comprehensive Questions with Their Verified Answers
2025 Rollout!
One in which the identity of either the owner or driver cannot
Unidentified Automobile
be ascertained and which causes bodily injury or death to the
insured person.
Immediate report of loss to insurer by the insured or his
Notice of Loss
representative (agent) in writing
One which replaces an automobile described on the policy or is
Newly Acquired Auto
in addition to others owned by the insured which are all
insured by the same insurer.
Step Licensing A system which requires a higher degree of knowledge for each increasing
step
Professional Is one who processes special skills or knowledge
One in which neither the driver nor the owner has collectible
Uninsured Automobile
bodily injury liability insurance
Designed to provide payment for ocean marine losses
General Average voluntarily incurred for the safety of the entire venture.
Insurers of the parties who property was saved will
contribute to the losses of the parties whose property was sacrificed
Any person who drives the automobile or is being carried on
Occupant
or upon or entering into or leaving the automobile
Pink Card Is used to provide proof of financial responsibility
An insurance pool in which all licensed automobile insurers
Facility Association
participate and which provides insurance to those who may be
refused insurance by private insurers
Ownership, maintenance or use of premises for the
Farming
production of crops or the raising or care of livestock,
including all necessary operations
Those whose duties are exclusively in connection or
Residence Employee
maintenance and use of the residence premises
Trespasser one who intentionally and without consent or privilege enters another's
property
A record of the driver history of the applicant and other drivers
Driver's Abstract
which can be obtained from provincial licensing authorities
, Use of insured's farm machinery or equipment for others away
Custom Farming from insured's farm premises for compensation. It does NOT
include work done for others in return for work done by them.
Those paid for their work and who are hired on a part time,
Farm Employee seasonal or full time basis to perform duties principally
connected with farming activities outside the insureds
dwelling
Is someone who comes onto the premises for his own purpose
Licensee
but with occupiers consent
Someone who enters by invitation be it express or implied.
Invitee
Entry connected with owners business or activity the
owner conducts
Plantiff The party making the complaint
a fire that leaves its intended place, such as a spark that escapes a
Hostile Fire
fireplace and sets the carpet on fire
Fine Arts Endorsement Traditionally includes pictures, paintings, works of rarity and historical
value
Negligence The doing of something that a reasonable and prudent man wouldn't do
Damages which cannot be exactly determined but which reflect an
General Damages
amount the court believes necessary to compensate the
aggrieved party fairly.
Short Rate Basis The basis of return premium calculation when the insured cancels the
policy.
Criminal Law Deals with wrongs against society
Comprehensive Questions with Their Verified Answers
2025 Rollout!
One in which the identity of either the owner or driver cannot
Unidentified Automobile
be ascertained and which causes bodily injury or death to the
insured person.
Immediate report of loss to insurer by the insured or his
Notice of Loss
representative (agent) in writing
One which replaces an automobile described on the policy or is
Newly Acquired Auto
in addition to others owned by the insured which are all
insured by the same insurer.
Step Licensing A system which requires a higher degree of knowledge for each increasing
step
Professional Is one who processes special skills or knowledge
One in which neither the driver nor the owner has collectible
Uninsured Automobile
bodily injury liability insurance
Designed to provide payment for ocean marine losses
General Average voluntarily incurred for the safety of the entire venture.
Insurers of the parties who property was saved will
contribute to the losses of the parties whose property was sacrificed
Any person who drives the automobile or is being carried on
Occupant
or upon or entering into or leaving the automobile
Pink Card Is used to provide proof of financial responsibility
An insurance pool in which all licensed automobile insurers
Facility Association
participate and which provides insurance to those who may be
refused insurance by private insurers
Ownership, maintenance or use of premises for the
Farming
production of crops or the raising or care of livestock,
including all necessary operations
Those whose duties are exclusively in connection or
Residence Employee
maintenance and use of the residence premises
Trespasser one who intentionally and without consent or privilege enters another's
property
A record of the driver history of the applicant and other drivers
Driver's Abstract
which can be obtained from provincial licensing authorities
, Use of insured's farm machinery or equipment for others away
Custom Farming from insured's farm premises for compensation. It does NOT
include work done for others in return for work done by them.
Those paid for their work and who are hired on a part time,
Farm Employee seasonal or full time basis to perform duties principally
connected with farming activities outside the insureds
dwelling
Is someone who comes onto the premises for his own purpose
Licensee
but with occupiers consent
Someone who enters by invitation be it express or implied.
Invitee
Entry connected with owners business or activity the
owner conducts
Plantiff The party making the complaint
a fire that leaves its intended place, such as a spark that escapes a
Hostile Fire
fireplace and sets the carpet on fire
Fine Arts Endorsement Traditionally includes pictures, paintings, works of rarity and historical
value
Negligence The doing of something that a reasonable and prudent man wouldn't do
Damages which cannot be exactly determined but which reflect an
General Damages
amount the court believes necessary to compensate the
aggrieved party fairly.
Short Rate Basis The basis of return premium calculation when the insured cancels the
policy.
Criminal Law Deals with wrongs against society
