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IIC C131 dumps - in .pdf

C131 pdf
  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Oct 04, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Oct 04, 2026
  • Q & A: 79 Questions and Answers
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IIC C131 dumps - Testing Engine

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  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
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  • Q & A: 79 Questions and Answers
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IIC C131 Exam Syllabus Topics:

SectionObjectives
Topic 1: Regulatory and Legal Environment- Compliance and consumer protection
- Insurance regulations in Canada
Topic 2: Claims and Loss Handling- Claims processes and documentation
- Loss adjustment principles
Topic 3: Risk and Insurance Fundamentals- Insurance principles and coverage types
- Risk identification and assessment
Topic 4: Insurance Brokerage Practice- Client relationship management
- Professional ethics and conduct
- Broker roles and responsibilities
Topic 5: Underwriting and Policy Management- Policy administration and endorsements
- Underwriting guidelines and decision-making

IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:

Question #1

Which action illustrates the duty of care required from a broker when arranging a client's insurance program?

  • A. Provide insurance options for known exposures
  • B. Await inquiries from the client before approaching the insurer on policy wording discrepancies
  • C. Disclose the percentage of the premium that will be paid as commission
  • D. Inspect all the client's premises and provide risk control recommendations
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

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

  • A. Mechanical condition of a vehicle from one particular fleet
  • B. Original purchase price of all vehicles in the fleet
  • C. Overall experience of all drivers
  • D. Driving record of the individual drivers
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

A property manager needs to insure the potential loss of revenue if his commercial property under construction is destroyed before its completion and occupancy. What would the intermediary request from the insurer?

  • A. Production policy
  • B. Contingent by-laws endorsement
  • C. Underwriting manual
  • D. Customized wordings
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

When should a broker recommend that a client amend their existing risk management plan?

  • A. When hiring a new staff member
  • B. After financial statements are published
  • C. Annually at renewal
  • D. When changing a manufacturing process
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Prep4SureReview members. You can sign-up / login (it's free).

Question #5

What does pure risk entail?

  • A. Chance of loss without gain
  • B. Only gain
  • C. Either gain or loss
  • D. Chance of profit without loss
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Prep4SureReview members. You can sign-up / login (it's free).

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