Canadian Accredited Insurance Broker Program CAIB 1
Comprehensive Questions with Their Verified Answers
2025 Rollout!
proof of financial responsibility in provinces where automobile
pink card
insurance is provided by private insurers
step licensing program a system which requires a higher degree of knowledge for each increasing step
one which replaces an automobile described on the policy or is in
newly acquired automobile
addition to other owned by the insured which are all insured by
the same insurer
any person who drives the automobile or is being carried on or
occupant
upon or entering into or leaving the automobile
automobile which is temporarily being used as a substitute for the automobile
temporary substitute automobile described on the policy. it qualifies only if the described automobile
cannot be used because of its breakdown, repair, servicing, loss,
destruction, or sale.
designed to provide payment for ocean marine losses voluntarily
general average incurred for the safety of the entire venture. The insurers of the
parties whose property was saved shall contribute to the
losses of the parties whose property was sacrificed
a Canadian resident under age 65, insured under the government
insured applicant health insurance plan of his province or territory of residence, who
has been named on an invoice or application issued by his broker
Insured an insured applicant, his spouse, and any dependent children
Self-regulation the right of an industry to govern its own affaris
professional one who possesses special skills or knowledge
ethics the principles of conduct governing an individual or a group
a bodily sickness or disease, contracted after the policy is issued
sickness
and while the policy is in effect
an unforeseen and unintended occurrence due to external, violent,
accident
sudden, fortuitous causes beyond the insured's control
the dependent child, spouse, parent, guardian, brother, sister, and
extended family
grandparent of the insured applicant or spouse
One in which neither the driver nor the owner has collectible bodily
uninsured automobile
injury liability insurance
, One in which the identity of either the owner or driver cannot
unidentified automobile be ascertained and which causes bodily injury or death to an
insured person arising out of actual contact of that automobile with
the automobile in which the insured is an occupant.
when two or three people act together so as to cause injury or
joint liability
damage and are found jointly liable
ownership, maintenance, or use of premises for the production of
farming
crops or the raising or care of livestock, including all necessary
operations
Use of insured's farm machinery or equipment for others away from
Custom Farming insured's farm premises for compensation. It does NOT include
work done for others in return for work done by them.
An employee whose duties are exclusively in connection or
residence employee
maintenance and use of the residence premises
Those paid for their work and who are hired on a part time, seasonal
farm employee or full time basis to perform duties principally connected with
farming activities outside of insureds dwelling
damages which cannot be exactly determined but which reflect an
General Damages
amount the court believes necessary to compensate the
aggrieved party fairly
Comprehensive Questions with Their Verified Answers
2025 Rollout!
proof of financial responsibility in provinces where automobile
pink card
insurance is provided by private insurers
step licensing program a system which requires a higher degree of knowledge for each increasing step
one which replaces an automobile described on the policy or is in
newly acquired automobile
addition to other owned by the insured which are all insured by
the same insurer
any person who drives the automobile or is being carried on or
occupant
upon or entering into or leaving the automobile
automobile which is temporarily being used as a substitute for the automobile
temporary substitute automobile described on the policy. it qualifies only if the described automobile
cannot be used because of its breakdown, repair, servicing, loss,
destruction, or sale.
designed to provide payment for ocean marine losses voluntarily
general average incurred for the safety of the entire venture. The insurers of the
parties whose property was saved shall contribute to the
losses of the parties whose property was sacrificed
a Canadian resident under age 65, insured under the government
insured applicant health insurance plan of his province or territory of residence, who
has been named on an invoice or application issued by his broker
Insured an insured applicant, his spouse, and any dependent children
Self-regulation the right of an industry to govern its own affaris
professional one who possesses special skills or knowledge
ethics the principles of conduct governing an individual or a group
a bodily sickness or disease, contracted after the policy is issued
sickness
and while the policy is in effect
an unforeseen and unintended occurrence due to external, violent,
accident
sudden, fortuitous causes beyond the insured's control
the dependent child, spouse, parent, guardian, brother, sister, and
extended family
grandparent of the insured applicant or spouse
One in which neither the driver nor the owner has collectible bodily
uninsured automobile
injury liability insurance
, One in which the identity of either the owner or driver cannot
unidentified automobile be ascertained and which causes bodily injury or death to an
insured person arising out of actual contact of that automobile with
the automobile in which the insured is an occupant.
when two or three people act together so as to cause injury or
joint liability
damage and are found jointly liable
ownership, maintenance, or use of premises for the production of
farming
crops or the raising or care of livestock, including all necessary
operations
Use of insured's farm machinery or equipment for others away from
Custom Farming insured's farm premises for compensation. It does NOT include
work done for others in return for work done by them.
An employee whose duties are exclusively in connection or
residence employee
maintenance and use of the residence premises
Those paid for their work and who are hired on a part time, seasonal
farm employee or full time basis to perform duties principally connected with
farming activities outside of insureds dwelling
damages which cannot be exactly determined but which reflect an
General Damages
amount the court believes necessary to compensate the
aggrieved party fairly
