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IIC C11 Exam Syllabus Topics:

IIC Principles and Practice of Insurance Sample Questions:

Question 1

What is stated in the insuring agreements of a policy?

A. Lienholder
B. Signature clause
C. Premium
D. Description of the property covered

Question 2

Original Insurance Company terminated its broker agreement with TOY Insurance Brokers. Which situation likely resulted in this termination?

A. Original Insurance Company provided quotes on all broker applications
B. Original Insurance Company did not set service standards
C. TOY Insurance Brokers did not remit commissions owed to the insurer
D. TOY Insurance Brokers did not keep premiums in a trust account and used them to pay expenses

Question 3

What are the four requirements of a binding contract under the Civil Code of Quebec?

A. Capacity, cause, consent, and object of contract
B. Acceptance, agreement, capacity, and offer
C. Acceptance, cause, consent, and subject of contract
D. Capacity, intention, co-operation, and lesion

Question 4

Antonio lights a firecracker and throws it to Brett. Brett tosses it to Sandra. Sandra catches it and throws it to Celina. It explodes in Celina's hands, injuring her. Who is the immediate cause of the loss?

A. Antonio and Brett
B. Celina and Antonio
C. Sandra
D. Brett

Question 5

Patrice works as a broker meeting a new client. He is building rapport by performing similar actions to those of his client. Which form of in-person communication is he engaging in?

A. Copycatting
B. Mirroring
C. Open listening
D. Transparency

Solutions: