IIC Advanced Skills for the Insurance Broker and Agent : C131

  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Aug 30, 2026
  • Q&As: 79 Questions and Answers

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IIC C131 Exam Syllabus Topics:

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

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

Question 1

How can world events, such as climate change and flood, affect insurance?

A. Deductibles need to be removed from policies.
B. Premiums will become less expensive.
C. Excess levels will become mandatory.
D. Insurers need to modify their terms.


Question 2

What does the permissions clause in a building insurance policy allow the insured to do?

A. Move undamaged property to a secure site to prevent further damage after a loss
B. Use the property for purposes other than those stated on the policy
C. Clean up debris from a loss prior to advising the insurer
D. Proceed with additions, alterations, or repairs, without having to inform the insurer in advance


Question 3

Which person would be hired by another contractor, because of her experience in a particular trade, to complete a portion of a larger project?

A. Consultant
B. Subcontractor
C. Inspector
D. Project manager


Question 4

Valuable information about the principals of a prospect's company, the products and services the company sells, and other financial data could be found by reviewing which source?

A. D & B reports
B. Best's Underwriting Guide
C. The prospect's property appraisal
D. The prospect's website


Question 5

In the absence of specific expertise in construction, which party will generally arrange a wrap-up liability policy?

A. Party in control of the project
B. General contractor
C. Party in control of the land
D. Subcontractor


Solutions:

Question 1
Answer: D
Question 2
Answer: D
Question 3
Answer: B
Question 4
Answer: A
Question 5
Answer: A

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