Caib 3

False, liabilities in TORT only. Can be insured in separate contract.

False. Pollution exclusion is absolute.

The actual product

Containers, materials, parts of equipment

Warranties or representations

Work done by insured.

Work performed on behalf of insured.

Materials, parts, or equipment

Warranties or Representations.

Exposure theory

Exposure in residence theory

Manifestation theory

Going out of business.

Changing from a claims made to and occurrence policy.

Replacing claims made policy with another insurer.

Complete or satisfactory performance.

Substantial performance.

Material breach.

1. Provide for payment of damages to the injured party

2. Enforce specific performance of the contract terms

3. Grant an injunction prohibiting certain acts or ensuring performance of certain acts

4. Permit rescission of the contract

To take such care that the visitor will be reasonably safe in using the premises

1. The work is inherently dangerous

2. Contractor was supplied with defective materials & equipment

3. Principal controls the manner the work is done

1. Contained something it should not have.

2. Something was omitted in the manufacturing.

Safe design

Safe manufacture, construction, assembly, & packaging

Proper warnings of danger

Provide instructions

Occurred away from premises of person doing the work

The work was completed or abandoned

1. Work is done by people who are not employees.

2. When employees work in another province for longer periods than are allowed by workers comp.

1. Tort liability

2. Certain Contractual Liabilities

3. Statutory liability

1. A premises lease.

2. A sidetrack agreement.

3. An easement agreement.

4. Elevator maintenance agreement.

1. Insurers costs.

2. Costs of bonds to release attachments.

3. Reasonable expenses to assist insurer in investigation & claim defence.

4. All costs taxed against insured + interest after entry of judgement.

1. Square footage.

2. Occupancy.

3. Payroll.

4. Location.

1. Type of products sold

2. Sales volume.

3. Territory where products are sold.

1. Type of work performed

2. Gross receipts

1. Work done by insured.

2. Work done by subcontractors.

3. Materials, parts, or equipment

1. Previous awards made by courts for similar businesses.

2. Inflation.

3. Existence of insurance.

4. Territory of operations.

5. Ability of the babies to absorb certain losses.

1. Coverage triggered when claim is made.

2. Coverage limited by retroactive date.

3. Reporting period can be extended.

1. Owned by employee.

2. Hired automobile.

3. Operated under contract for insured.

1. Type of value

2. Peril causing the loss.

3. Financial consequences of the loss.

1. Property Values.

2. Net income values.

3. Liability loss.

4. Personnel loss.

1. Forecast of frequency & severity of losses that can be expected.

2. Forecast of the effects of various risk control & financing techniques.

3. Forecast the costs of this techniques.

True

1. Insurer may become insolvent.

2. Disagreement with insurer regarding coverage.

3. Inadequate limits.

1. More informed clientele.

2. Increased customer referrals.

3. Increased claims satisfaction.

1. Cash in advance.

2. Open account.

3. Draft.

4. Letter of credit.

1. At which point in transit the seller has fulfilled its obligation.

2. At which point the buyer or seller is responsible for carriage.

3. At which point the buyer or seller is responsible for insurance.

1. Sums insured are not stated.

2. Premium rate stated on policy.

3. Goods of every description.

4. No expiry.

1. Value of cargo.

2. Shipping costs or freight.

3. Other expenses.

4. Duties and taxes.

5. Plus 10%

1. Unseaworthiness.

2. Strikes.

3. War.

1. Legality

2. No delay

3. No deviation

1. Carriers used

2. Experience of shipper or shipowner

3. The route taken

4. Condition of harbours

5. Type of cargo 6. Perils insured

7. Packing methods

1. Hull Coverage A - All Risks

2. Hull Coverage B - Ground and Taxiing

3. Hull Coverage C - Ground Only

1. In motion

2. Not in motion

3. Moored

-purchased at inception of policy

-reports of layup made within 90 days of policy expiry

-usual layup for 30 consecutive days

-refund held until policy expires

-no refund if a loss payment is in excess of premium

1. Being tested by Transport Canada

2. Operated by a pilot providing an approved pilot upgrading flight instruction

3. Not in flight, operated by a person qualified to do so

1. Class of license & endorsements

2. Total hours as pilot in command

3. Previous accidents in last 5 years

1. Character

2. Capacity

3. Capital

1. Principal - person primarily liable

2. Obligee - the party to whom the bond is given

3. Surety - promises to answer for the default of the principal

1. Promise is made to the obligee not the principal

2. Is a secondary obligation arising only on the default of the principal

3. Surety's duty to pay arises only out of default of principal

1. 3 party contract

2. Principal Liable to Surety

3. No losses expected

4. Statutory or non-statutory

5. Bond Limit 6. Bond premium

7. Written contract

1. The inability of the successful bidder to enter into contract

2. Failure of the contractor to complete project at contract price

3. Inability of the contractor to pay subcontractor or suppliers

1. Owners

2. General contractors

3. Subcontractors

1. Working capital WC = CA-CL

2. Net worth

3. Profitability

1. Completed contract method

2. Percentage of completion method

1. Indemnity agreements

2. Third party indemnities

3. Collateral Security

4. Subordination agreements

1. Compliance guarantees

2. Financial guarantees

3. Indemnity agreements

4. Good Faith guarantees

5. Credit guarantees

1. Plaintiff & Defendants' bonds

2. Attachment bond

3. Release of attachment bond

4. Injunction bond

5. Appeal bond

1. Administrators & executors

2. Guardians & committees

3. Trustees in Bankruptcy