IIC C130 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Property Insurance Exposures | 10% | - Exposures and perils - Personal property risks - Small commercial property risks |
| Topic 2: Liability Insurance | 12% | - Commercial general liability - Legal liability concepts - Personal liability coverages |
| Topic 3: Property Insurance Wordings | 12% | - Coverages and exclusions - Valuation methods - Common policy forms |
| Topic 4: Claims Handling | 8% | - Claim reporting process - Broker's role in claims - Settlement and subrogation |
| Topic 5: Sales and Client Needs | 10% | - Risk identification - Client consultation - Insurance solutions |
| Topic 6: The Application Process | 10% | - Underwriting considerations - Completing applications - Duty of disclosure |
| Topic 7: Automobile Insurance | 10% | - Rating and policy issues - Provincial variations - Mandatory and optional coverages |
| Topic 8: From Quote to Policy | 10% | - Policy structure and components - Policy issuance and delivery - Quotation and binding authority |
| Topic 9: Insurance and the Intermediary | 10% | - Licensing and regulation - Legal duties and ethics - Roles of brokers and agents |
| Topic 10: Communication and Service Skills | 8% | - Client communication - Policy changes and endorsements - Record keeping |
IIC Essential Skills for the Insurance Broker and Agent Sample Questions:
1. Lindy, a new producer, has a robust client list and has struggled to find time to acquire new customers. To meet her aggressive sales goals, she has decided to pivot to increasing revenues primarily from her current clients.
Discuss the TWO techniques that will allow Lindy to grow her business mainly from within.
2. What should be considered when adding the increased cost-demolition or construction endorsement to an insurance policy?
A) Municipal building codes often require that owners update their property every 10 years.
B) It covers the requirement to bring existing structures up to code, even when the building remains unchanged.
C) Since the entire building has to be demolished to bring it up to code after a loss, the coverage increases the amount of insurance.
D) The older the building, the more likely it is to deviate from current building codes.
3. In which Canadian province is compulsory automobile insurance purchased from a private insurer?
A) British Columbia
B) Manitoba
C) Saskatchewan
D) Newfoundland and Labrador
4. Jim owns a metal factory. Which question should Jim's broker ask to best understand the commercial occupancy of the company?
A) How is your factory protected against fire?
B) Is your factory left unattended for long periods of time?
C) What is the total number of your staff?
D) What does a typical day look like in your factory?
5. Why is the precedent-setting case Fine's Flowers Ltd. et al. v. General Accident Assurance Co. of Canada et al. significant?
A) Defined special risks and the responsibility the insurer has to limit the intermediary's authority
B) Outlined the intermediary's stringent duty of care owed to clients
C) Established that intermediaries will be held accountable if they provide legal advice
D) Restructured the content of agency contracts between insurers and intermediaries
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
14 Customer Reviews
Quality and ValueITCertKing Practice Exams are written to the highest standards of technical accuracy, using only certified subject matter experts and published authors for development - no all study materials.
Tested and ApprovedWe are committed to the process of vendor and third party approvals. We believe professionals and executives alike deserve the confidence of quality coverage these authorizations provide.
Easy to PassIf you prepare for the exams using our ITCertKing testing engine, It is easy to succeed for all certifications in the first attempt. You don't have to deal with all dumps or any free torrent / rapidshare all stuff.
Try Before BuyITCertKing offers free demo of each product. You can check out the interface, question quality and usability of our practice exams before you decide to buy.
