CAIB-3 exam dumps

IBABC CAIB-3 Value Package

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  • Exam Code: CAIB-3
  • Exam Name: Canadian Accredited Insurance Broker (CAIB 3) Exam
  • No. of Questions: 48 Questions and Answers
  • Updated: Sep 19, 2026

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Short on prep time? Actual4Labs provides actual IBABC Canadian Accredited Insurance Broker (CAIB 3) practice questions to help you conquer the CAIB-3. Updated for 2026, our material ensures you study smarter, not harder.

IBABC CAIB-3 Exam Overview:

Certification Vendor:IBABC (Insurance Brokers Association of British Columbia)
Exam Name:Canadian Accredited Insurance Broker 3 (CAIB 3)
Exam Number:CAIB-3
Available Languages:English
Passing Score:60%
Certificate Validity Period:Valid for licensing; continuing education required annually
Related Certifications:CAIB 1
CAIB 2
CAIB 4
Exam Price:CAD $395 (first attempt); CAD $150–$300 (rewrite, varies by membership status)
Real Exam Qty:Approx. 100
Exam Duration:210 minutes
Exam Format:Definition Questions, Short Answer Questions, Multiple Choice
Recommended Training:IBAC National CAIB Program Resources
IBABC CAIB 3 Course Materials
Exam Registration:CAPTUS Exam Platform
IBABC Official Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored or Onsite (IBABC Vancouver office or approved proctor)
Pre Condition:CAIB 1 and CAIB 2 or equivalent; Level 1 licence eligibility varies by province
Official Syllabus URL:https://www.ibabc.ca

IBABC CAIB-3 Exam Syllabus Topics:

SectionObjectives
Topic 1: Commercial General Liability Insurance- Legal perspective and liability exposures
- CGL policy structure, coverages, and endorsements
Topic 2: Commercial Automobile Insurance- Garage and fleet exposures
- Commercial auto policy forms and coverages
Topic 3: Risk Management and Underwriting- Commercial underwriting principles
- Loss control and risk mitigation strategies
- Risk identification and assessment
Topic 4: Specialty Insurance Lines- Surety Bonds
- Crime Insurance and Fidelity Coverage
- Ocean Marine and Aviation Insurance

Everything You Need to Know: IBABC CAIB-3 Exam

The CAIB-3 exam is a core requirement for the Canadian Accredited Insurance Broker (CAIB) certification at the Professional level. Earning this validates your skills for credentials like CAIB 1, CAIB 2, CAIB 4.

Candidates will face Approx. 100 questions and have 210 minutes to complete the exam. This means you need strict time management. We strongly recommend taking timed practice tests to ensure you can maintain a steady pace without rushing when under actual exam time pressure.

The official examination fee is CAD $395 (first attempt); CAD $150–$300 (rewrite, varies by membership status), and you must achieve a score of 60% to pass. Since retaking the test requires paying the full fee again, utilizing accurate practice materials for thorough self-assessment beforehand is crucial to protect your investment.

Candidate requirements include: CAIB 1 and CAIB 2 or equivalent; Level 1 licence eligibility varies by province. Please verify all eligibility details on the official certification page before scheduling your appointment.

Registration is handled through official testing partners. The exam is delivered via Online proctored or Onsite (IBABC Vancouver office or approved proctor). You can sign up here:

The vendor suggests following official learning paths to build a foundational understanding:

Once you complete your training, use the 48 practice questions from Actual4Labs to refine your exam readiness.

Absolutely. A free PDF demo is available for you to evaluate the quality of our questions. Once purchased, you receive 365 days of free updates. If your access expires, you can renew it at a 50% discount to keep your materials current.

Your CAIB-3 practice materials are delivered instantly. You can download them right away, and a copy will be sent to your email within one minute (contact support if not received in 2 hours). You can install the software on an unlimited number of computers. We also offer a 100% Money Back Guarantee: if you fail the corresponding exam within 60 days of purchase, you can claim a full refund. To apply, submit your enrollment slip and official Score Report PDF within 2 days after taking the test (processing takes up to 7 days). Note: failures within 3 days of purchase, downloaded but unattempted exams, free materials, and expired orders are excluded. The payer's name must match the candidate's name. Alternatively, you can exchange your order for two free exams of equal value and keep the original product's updates.

The syllabus is divided into 4 main domains. Key areas include "Commercial General Liability Insurance", "Risk Management and Underwriting", "Commercial Automobile Insurance". For a comprehensive breakdown of all measured skills, please review the complete exam outline table provided above.

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

Under the inside/outside robbery coverage, which of the following would qualify as a custodian? (1 mark)

  • A. Janitor.
  • B. Guard.
  • C. Insured's partner.
  • D. Watchman.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Actual4Labs members. You can sign-up / login (it's free).

There are many details required by underwriters for cyber insurance. Name six (6) of those details required. (3 marks) See the answer in Explanation below.

Reveal Solution  Discussion  0

Correct Answer:

Six details an underwriter may require are:
1. Type and size of the business.
2. Annual revenue.
3. Type and amount of confidential or personal data stored.
4. Computer and network security controls.
5. Backup and disaster recovery procedures.
6. Past cyber incidents or claims.
Reference: CAIB 3 Training & Study Pack - Cyber Insurance: underwriting information and cyber controls.

A) Name two (2) major types of inland marine coverages written today. (2 marks) B) What is an example of another inland marine policy coverage written to handle expensive and unique property situations? (1 mark) (3 marks)

Reveal Solution  Discussion  0

Correct Answer:

See the answer in Explanation below.
Explanation:
A) Two major inland marine coverages are:
1. Property being transported.
2. Buildings under construction (Builder's Risk).
B) Fine Arts coverage is an example of inland marine insurance for expensive or unique property.
Reference: CAIB 3 Training & Study Pack - Marine/Inland Marine: transportation, Builder's Risk and floaters for valuable property.

DEFINE: EXTENDED REPORTING PERIOD (1 mark)

Reveal Solution  Discussion  0

Correct Answer:

See the answer in Explanation below.
Explanation:
An Extended Reporting Period is extra time after a claims-made policy ends during which a claim can still be reported for an occurrence or wrongful act that happened during the covered period, subject to the policy terms and any retroactive date.
Reference: IBAC CAIB 3 Student Resource Guide (2013), Chapter 2 - Claims-Made coverage and Extended Reporting Period, reference p. 2-40.

All of the following are differences between Directors' and Officers' Liability insurance and other types of liability insurance, EXCEPT ONE. Identify the EXCEPTION. (1 mark)

  • A. Defence costs are included with the limit.
  • B. Defence costs are included in addition to the limit.
  • C. The application forms part of the policy.
  • D. The right to associate with the defence.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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