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IIC C131 Exam Syllabus Topics:

SectionObjectives
Topic 1: Liability Insurance- Commercial and general liability concepts
Topic 2: Risk Management- Selecting risk techniques
- Monitoring and modifying risk management plans
- Insurance in a risk management plan
- Analyzing risk exposures
Topic 3: Property Insurance Coverages- Property coverages fundamentals
Topic 4: Specialized Insurance Lines- Builders risk insurance
- Crime and bonds
- Contractors insurance
- Manufacturers, distributors, freight forwarders
- Automobile insurance

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

1. Alberta Trucking Company frequently transports material back and forth from Canada to the United States. It employs over forty truckers, who, upon hiring, have criminal and reference checks completed. A trucker, transporting general freight, has recently been stopped at the border by a United States customs agent, who refuses to let him through. What is the likely reason for the custom agent's refusal?

A) The trucker did not register for an International driver's licence.
B) The trucking company did not follow the guidelines when arranging the filing.
C) The truck is not displaying the trucker's medical or criminal check certificates.
D) The truck is not insured for the minimum $200,000 limit required in the United States.


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


3. An individual who uses public transit rather than buying a car is managing their risk using which risk management technique?

A) Separating risk
B) Avoiding risk
C) Transferring risk
D) Retaining risk


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

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


5. Sufi is a handywoman who regularly takes samples of her finished work to trade shows. Which coverage would Sufi's broker recommend for her samples?

A) Exhibition floater
B) Personal property coverage
C) Tool floater
D) Event liability coverage


Solutions:

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

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