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IIC C130 Exam Syllabus Topics:

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

1. Briefly describe an exclusive agency company as a distribution channel that delivers insurance products to consumers.

2. Katherine is employed as an adjuster and has been assigned a large liability claim. The insured had two recent claims and Katherine suspects this claim might be staged. She sends the insured a non-waiver agreement allowing her to investigate the loss without accepting liability. If the insured refuses to sign the agreement, what would Katherine send next?

A) Acceptance confirmation
B) Liability admittance notice
C) Reservation of rights letter
D) Forfeiture agreement

3. In provinces with a graduated licensing system for intermediaries, what must the licensee achieve in order to write the next level of examination?

A) Election to the council
B) Adequate remuneration
C) Work experience
D) Regulator sponsorship

4. Which item would be insured under a personal articles floater?

A) Antique table
B) Stamp collection
C) Leather sofa
D) Coffee machine

5. During the renewal process, which tool keeps the broker on track and protects against lawsuits by requiring the insured's signature?

A) Checklist
B) Cover note
C) Flowchart
D) Binder

Solutions: