IBABC Canadian Accredited Insurance Broker (CAIB 3) : CAIB-3

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IBABC CAIB-3 Exam Syllabus Topics:

IBABC Canadian Accredited Insurance Broker (CAIB 3) Sample Questions:

Question #1
DEFINE: SEMI-VARIABLE EXPENSES (BUSINESS INTERRUPTION) (1 mark)

Question #2
In reviewing Directors' and Officers' Liability Insurance policy forms, brokers must take care to compare the differences in coverage between insurers. There are many elements to review - list six (6) of those elements.
(3 marks)

Question #3
Does employee dishonesty coverage apply if the insured can not identify the employee responsible? Why or why not? (3 marks)

Question #4
What can be done to avoid coverage gaps when dealing with silent cyber exposures? (3 marks)

Question #5
A) What is a third-party cyber event? Provide an example. (2 marks)
B) What is an example of a third-party cyber loss? (1 mark)
(3 marks)

Solutions: