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Instant Download IIC : C131 Questions & Answers as PDF & Test Engine

C131
  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Oct 03, 2026
  • No. of Questions: 79 Questions and Answers
  • Download Limit: Unlimited
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IIC C131 Exam Syllabus Topics:

SectionObjectives
Liability Insurance- Commercial and general liability concepts
Specialized Insurance Lines- Contractors insurance
- Automobile insurance
- Manufacturers, distributors, freight forwarders
- Builders risk insurance
- Crime and bonds
Risk Management- Insurance in a risk management plan
- Selecting risk techniques
- Analyzing risk exposures
- Monitoring and modifying risk management plans
Property Insurance Coverages- Property coverages fundamentals

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

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. Whether the prospect is a morale hazard
  • B. Whether the prospect is profitable
  • C. How large the facility is
  • D. How many expenses the facility has
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

A broker is using their prior market knowledge to place a risk with an insurer who accepts luxury log cabins.
Which insurer aspect is the broker considering?

  • A. Risk avoidance
  • B. Risk management
  • C. Risk appetite
  • D. Risk tolerance
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Correct Answer: C  🗳️

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In the absence of specific expertise in construction, which party will generally arrange a wrap-up liability policy?

  • A. General contractor
  • B. Subcontractor
  • C. Party in control of the land
  • D. Party in control of the project
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Correct Answer: D  🗳️

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How is a party treated when added to a liability policy as an additional named insured?

  • A. Additional named insureds can be amended by the broker without the need to inform the insurer.
  • B. Both the names of the corporation and the individual insured must be listed on the declarations page.
  • C. The certificate holder receives the same protections under the policy as named insureds.
  • D. Named loss payees have more rights than the named insured.
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Correct Answer: C  🗳️

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An architect is sued by a client for having failed to account for local bylaws when designing a new home. For the insurance company to defend the architect, which coverage must he have in place?

  • A. Wrap-up liability
  • B. Errors and omissions
  • C. Explosion, collapse, and underpinning
  • D. Commercial building, equipment, and stock
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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