A group of stockholders is bringing a class action lawsuit, stating that the finances of the corporation in which they hold stock are being mismanaged. Which policy would likely respond to such a lawsuit?

• A.Fiduciary obligation
• B.Employee dishonesty
• C.Shareholders equity liability
• D.Directors and officers liability

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Insurance premiums on automobile fleet policies are based on which factor?

• A.Mechanical condition of a vehicle from one particular fleet
• B.Driving record of the individual drivers
• C.Original purchase price of all vehicles in the fleet
• D.Overall experience of all drivers

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A broker is preparing to meet with a prospective client, Queen Ice Cream, who manufactures and distributes ice cream to five different provinces. What can the broker ask to ensure a smooth transition for the client?

• A.How many flavours of ice cream does the client sell?
• B.How long has the client been in business?
• C.How many competitors are in the market?
• D.Do all existing policies expire at the same time?

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By conducting online research of a risk's profile and website, and asking about supplies, machinery, and manufacturing process used, which liability exposure of the risk is being assessed?

• A.Current
• B.Premises
• C.Contractual
• D.Professional

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Which document contains a rough outline from bidders of work to be completed, with details on how they will carry out this work?

• A.Lease agreement
• B.Certificate of insurance
• C.Request for a proposal
• D.Broker's letter of authority

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