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Instant Download IIC : C131 Questions & Answers as PDF & Test Engine
- 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:
| Section | Objectives |
|---|---|
| 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
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
Correct Answer: C 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
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
Correct Answer: D 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
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.
Correct Answer: C 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
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
Correct Answer: B 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
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