Knowledge keeps pace with a changing world, and so does your study tool: the GuideTorrent C131 question bank is researched by a specialized team that studies question patterns for different kinds of learners, so the material fits the person as well as the exam.
IIC C131 Exam Overview:
| Certification Vendor: | Insurance Institute of Canada (IIC) / Chartered Insurance Institute (related CIP framework) |
|---|---|
| Exam Name: | Advanced Skills for the Insurance Broker and Agent |
| Exam Number: | C131 |
| Related Certifications: | CIP (Chartered Insurance Professional) Program C130 Essential Skills for the Insurance Broker and Agent |
| Exam Format: | Final Exam (MCQ or mixed assessment depending on course delivery), Coursework / assignment component (in some delivery modes) |
| Available Languages: | English |
| Sample Questions: |  |
| Exam Way: | Online or in-person proctored exam depending on program delivery (CIP course structure) |
| Pre Condition: | Recommended prerequisite: C130 Essential Skills for the Insurance Broker and Agent (recommended, not always mandatory depending on pathway) |
| Official Syllabus URL: | https://www.insuranceinstitute.ca/en/Courses/CIP/C131 |
IIC C131 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Specialized Insurance Lines | - Automobile insurance - Builders risk insurance - Crime and bonds - Manufacturers, distributors, freight forwarders - Contractors insurance |
| Property Insurance Coverages | - Property coverages fundamentals |
| Liability Insurance | - Commercial and general liability concepts |
| Risk Management | - Analyzing risk exposures - Insurance in a risk management plan - Monitoring and modifying risk management plans - Selecting risk techniques |
Preparing for C131 with GuideTorrent: The Essentials
- Risk Management ()
- Specialized Insurance Lines ()
- Property Insurance Coverages ()
IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:
An insured has a commercial property policy with a $50,000 deductible and a policy limit of $100,000. If the insured suffers a loss of $50,000, how much will the insurer pay?
- A. $25,000
- B. $100,000
- C. $50,000
- D. $0
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
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 project owner must provide evidence of separate liability coverage to qualify for the policy.
- B. The application needs to list all condominium developments currently under construction by the general contractor.
- 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.
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
An individual who uses public transit rather than buying a car is managing their risk using which risk management technique?
- A. Retaining risk
- B. Separating risk
- C. Transferring risk
- D. Avoiding risk
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
What coverage is generally provided by an accounts receivable floater?
- A. Loss arising out of maintaining duplicate records offsite
- B. Loss arising out of credit card receipts being destroyed by fire
- C. Loss arising out of bookkeeping errors
- D. Loss arising as a result of bad debts
Correct Answer: B 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
When a broker is focusing on a manufacturing facility's housekeeping regimen and safeguards for a prospect, what is he primarily trying to establish?
- A. How many expenses the facility has
- B. Whether the prospect is profitable
- C. Whether the prospect is a morale hazard
- D. How large the facility is
Correct Answer: C 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
