IIC C131 Questions & Answers - in .pdf
- Vendor: IIC
- Exam Code: C131
- Exam Name: Advanced Skills for the Insurance Broker and Agent
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- Exam Code: C131
- Exam Name: Advanced Skills for the Insurance Broker and Agent
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IIC C131 Exam Overview:
| Certification Vendor: | Insurance Institute of Canada (IIC) / Chartered Insurance Institute (related CIP framework) |
|---|---|
| Exam Name: | Advanced Skills for the Insurance Broker and Agent |
| Exam Number: | C131 |
| Available Languages: | English |
| Exam Format: | Final Exam (MCQ or mixed assessment depending on course delivery), Coursework / assignment component (in some delivery modes) |
| Related Certifications: | CIP (Chartered Insurance Professional) Program C130 Essential Skills for the Insurance Broker and Agent |
| Sample Questions: | IIC C131 Sample Questions |
| Exam Way: | Online or in-person proctored exam depending on program delivery (CIP course structure) |
| Pre Condition: | Recommended prerequisite: C130 Essential Skills for the Insurance Broker and Agent (recommended, not always mandatory depending on pathway) |
| Official Syllabus URL: | https://www.insuranceinstitute.ca/en/Courses/CIP/C131 |
IIC C131 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Property Insurance Coverages | - Property coverages fundamentals |
| Topic 2: Liability Insurance | - Commercial and general liability concepts |
| Topic 3: Specialized Insurance Lines | - Automobile insurance - Contractors insurance - Manufacturers, distributors, freight forwarders - Crime and bonds - Builders risk insurance |
| Topic 4: Risk Management | - Selecting risk techniques - Monitoring and modifying risk management plans - Insurance in a risk management plan - Analyzing risk exposures |
IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:
Question 1
Which type of property loss is commonly covered under the commercial property broad form (CPBF)?
A. Loss of money and securities
B. Loss of inventory shortage
C. Damage to automobiles
D. Damage to a salesperson's samples
Question 2
An insured has a commercial property policy with a $50,000 deductible and a policy limit of $100,000. If the insured suffers a loss of $50,000, how much will the insurer pay?
A. $0
B. $25,000
C. $100,000
D. $50,000
Question 3
Which peril is commonly excluded under the commercial property broad form (CPBF)?
A. Explosion of natural or manufactured gas
B. Pollution
C. Leakage from fire suppression systems
D. Riot
Question 4
An individual who uses public transit rather than buying a car is managing their risk using which risk management technique?
A. Separating risk
B. Retaining risk
C. Transferring risk
D. Avoiding risk
Question 5
Which clause is a refusal to accept liability for damages that might occur?
A. Hold harmless agreement
B. Risk retainer
C. Indemnity provision
D. Disclaimer
Solutions:
| Question 1 Answer: D | Question 2 Answer: A | Question 3 Answer: B | Question 4 Answer: D | Question 5 Answer: D |
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