We're so confident of our products that we provide no hassle product exchange.
IIC C131 Exam Overview:
| Certification Vendor: | Insurance Institute of Canada (IIC) |
| Exam Name: | Advanced Skills for the Insurance Broker and Agent |
| Exam Number: | C131 |
| Real Exam Qty: | 100 |
| Certificate Validity Period: | 3 years |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Exam Format: | Multiple-choice, Scenario-based questions, Computer-based |
| Passing Score: | 60% |
| Exam Price: | CAD 250–320 (plus tax) |
| Related Certifications: | CIP Level 2 Insurance Broker Licence |
| Recommended Training: | IIC E-Learning Portal C131 Official Study Materials |
| Exam Registration: | IIC Official Registration |
| Sample Questions: | IIC C131 Sample Questions |
| Exam Way: | Virtually proctored online or in-person at authorized test centres |
| Pre Condition: | Recommended completion of C130: Essential Skills for the Insurance Broker and Agent |
| Official Syllabus URL: | https://www.insuranceinstitute.ca/en/Courses/CIP/C131 |
IIC C131 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Monitoring and Modifying Risk Plans | 5% | |
| Topic 2: Risk Management Principles | 15% | - Selecting Risk Management Techniques - Analyzing Risk Exposures - Developing Risk Management Plans |
| Topic 3: Introduction to Commercial Insurance | 10% | |
| Topic 4: Specialty Lines: Auto, Crime, and Surety Bonds | 10% | |
| Topic 5: Insuring Contractors & Construction Risks | 15% | - Builders Risk Insurance - Contractors' Exposures |
| Topic 6: Commercial Property Coverages | 15% | - Business Interruption Insurance - Policy Wordings and Clauses |
| Topic 7: Commercial Liability Coverages | 15% | - General Liability - Errors and Omissions |
| Topic 8: Insuring Manufacturers & Distributors | 15% |
IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:
1. A manufacturer had multiple experiences of missing inventory and suspects an employee may be involved.
Which coverage would a broker recommend for future occurrences?
A) Business interruption
B) 3-D policy
C) Property coverage
D) Liability coverage
2. Annette, a new broker, is completing a wrap-up liability insurance application for a condominium development. Before finalizing the application, she asks a coworker to review it. Her coworker advises Annette that she has missed an important detail. What detail did Annette likely miss?
A) The application needs to list all condominium developments currently under construction by the general contractor.
B) The project owner must provide evidence of separate liability coverage to qualify for the policy.
C) The application must include information about the construction of the parking garage.
D) The architect needs to be named as the primary insured on the policy.
3. Which party is the beneficiary under a surety bond?
A) Principal
B) Surety
C) Obligee
D) Insurer
4. Insurance premiums on automobile fleet policies are based on which factor?
A) Overall experience of all drivers
B) Original purchase price of all vehicles in the fleet
C) Mechanical condition of a vehicle from one particular fleet
D) Driving record of the individual drivers
5. In the absence of specific expertise in construction, which party will generally arrange a wrap-up liability policy?
A) Subcontractor
B) General contractor
C) Party in control of the project
D) Party in control of the land
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |
By Wordsworth
