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IIC C131 Exam Syllabus Topics:

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

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

A) Original purchase price of all vehicles in the fleet
B) Driving record of the individual drivers
C) Mechanical condition of a vehicle from one particular fleet
D) Overall experience of all drivers

2. 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) Project manager
B) Consultant
C) Inspector
D) Subcontractor

3. What is governed by the Personal Information Protection and Electronic Documents Act (PIPEDA)?

A) The use of corporate governance information
B) The types of software that can be used in data mining
C) The consent requirement when a prospective employer is asking the candidate for a list of references and previous work history
D) The consent requirement when the insurer requests an applicant's motor vehicle record

4. What coverage is generally provided by an accounts receivable floater?

A) Loss arising out of credit card receipts being destroyed by fire
B) Loss arising out of bookkeeping errors
C) Loss arising as a result of bad debts
D) Loss arising out of maintaining duplicate records offsite

5. By conducting online research of a risk's profile and website, and asking about supplies, machinery, and manufacturing process used, which liability exposure of the risk is being assessed?

A) Professional
B) Premises
C) Current
D) Contractual

Solutions: