Gerry hired Matt's Contracting Ince to build cabinets above the washer's in his laundromat. Matt's Contracting Ince has a property and general liability policy, and is bonded, which is partly why Gerry hired Matt and Matt's Contracting to complete the job. When the job is fully complete, and both parties sign off, which is it called if there is a further loss years later when the cabinet falls off the wall and injured someone doing their laundry?

The Insurance General Level 1 Licensing Exam is a mandatory entry-level exam for individuals seeking to become licensed insurance brokers or agents for general insurance (property and casualty). It tests knowledge of insurance principles, policies (auto, property), and industry ethics, typically requiring a passing score of 70% to apply for a license.  Key Aspects of the General Level 1 Exam: Purpose: Qualifies candidates to sell and advise on general insurance products. Content Focus: Covers technical skills (60% - risk management, policy details), ethics and professionalism (20% -... Show more

The Insurance General Level 1 Licensing Exam is a mandatory entry-level exam for individuals seeking to become licensed insurance brokers or agents for general insurance (property and casualty). It tests knowledge of insurance principles, policies (auto, property), and industry ethics, typically requiring a passing score of 70% to apply for a license. 

Key Aspects of the General Level 1 Exam:
Purpose: Qualifies candidates to sell and advise on general insurance products.
Content Focus: Covers technical skills (60% - risk management, policy details), ethics and professionalism (20% - confidentiality, compliance), and industry knowledge (20%).
Structure: Often 100 multiple-choice questions with a time limit (e.g., 2 hours).
Requirements: Requires completion of an approved pre-licensing course (e.g., in Alberta/BC) before taking the exam.
Validity: Exam results are generally valid for 12 months for licensing application. 

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