IIC Advanced Skills for the Insurance Broker and Agent : C131 valid dump torrent

  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Jul 10, 2026
  • Q&As: 79 Questions and Answers

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

1. Which action illustrates the duty of care required from a broker when arranging a client's insurance program?

A) Provide insurance options for known exposures
B) Await inquiries from the client before approaching the insurer on policy wording discrepancies
C) Disclose the percentage of the premium that will be paid as commission
D) Inspect all the client's premises and provide risk control recommendations


2. How does a self-insured retention (SIR) differ from a deductible?

A) Does not affect the policy limit
B) Applies to losses below a specific amount
C) Does not encourage loss prevention measures
D) Is a method of insuring risk


3. Two agents are discussing artificial intelligence being used more frequently in Canadian industries. They are enthusiastic to write these risks on behalf of their employer, who has relaxed its guidelines on niche risks.
Which type of market are they likely in?

A) Weak market
B) Soft market
C) Strong market
D) Hard market


4. Annette, a new broker, is completing a wrap-up liability insurance application for a condominium development. Before finalizing the application, she asks a coworker to review it. Her coworker advises Annette that she has missed an important detail. What detail did Annette likely miss?

A) The application needs to list all condominium developments currently under construction by the general contractor.
B) The project owner must provide evidence of separate liability coverage to qualify for the policy.
C) The architect needs to be named as the primary insured on the policy.
D) The application must include information about the construction of the parking garage.


5. Davies Architect has opened two new offices in the last quarter. Its recent claims history includes a break-in at its head office a month ago and legal action against the firm due to a structural mistake made by the architect and engineer six months ago. The firm's insurance broker is reviewing its current insurance program, and the renewal date is in two months. Due to stable market conditions, there have been no recent changes made by insurers to policy wordings or pricing. The firm has been very cooperative with providing information. Briefly discuss how the broker would review the renewal for this architectural firm.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: Only visible for members

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