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IIC C131 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Liability Insurance | - Commercial and general liability concepts |
| Topic 2: Property Insurance Coverages | - Property coverages fundamentals |
| Topic 3: Specialized Insurance Lines | - Manufacturers, distributors, freight forwarders - Crime and bonds - Automobile insurance - Contractors insurance - Builders risk insurance |
| Topic 4: Risk Management | - Selecting risk techniques - Monitoring and modifying risk management plans - Insurance in a risk management plan - Analyzing risk exposures |
IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:
1. A broker is using their prior market knowledge to place a risk with an insurer who accepts luxury log cabins.
Which insurer aspect is the broker considering?
A) Risk avoidance
B) Risk appetite
C) Risk tolerance
D) Risk management
2. A building contractor has been hired to perform renovations and additions to a run-down office building. The contractor is aware of the typical exposures that can arise from this operation and has adequate insurance in place, but needs to hire additional staff. He contacts his broker Andrew to discuss the benefit of having risk management measures in place during the contractor's employee selection process. Briefly describe the advice Andrew would provide.
3. 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) Personal property coverage
B) Event liability coverage
C) Tool floater
D) Exhibition floater
4. What type of property would be covered by mercantile stock burglary coverage under a crime insurance policy?
A) Furniture
B) Securities
C) Cheques
D) Paper currency
5. Which peril is commonly excluded under the commercial property broad form (CPBF)?
A) Leakage from fire suppression systems
B) Riot
C) Explosion of natural or manufactured gas
D) Pollution
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: Only visible for members | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |



