C12 Insurance On Property Practice Questions - Insurance Institute Of Canada - C12 Insurance On Property Exam

The event that is closest in time or distance to the physical damage of the property. The first event in a chain of events, regardless of whether any independent, intervening causes broke the chain. The active, efficient cause that sets in motion a train of events bringing about a loss, without the intervention of any force started and working actively from a new and independent source. The cause that the insured and the claims adjuster mutually agree was the most significant factor during negotiations.