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| Section | Weight | Objectives |
|---|---|---|
| Claims Handling | 8% | - Broker's role in claims - Settlement and subrogation - Claim reporting process |
| Automobile Insurance | 10% | - Rating and policy issues - Provincial variations - Mandatory and optional coverages |
| Sales and Client Needs | 10% | - Client consultation - Insurance solutions - Risk identification |
| The Application Process | 10% | - Underwriting considerations - Duty of disclosure - Completing applications |
| Property Insurance Wordings | 12% | - Valuation methods - Common policy forms - Coverages and exclusions |
| Property Insurance Exposures | 10% | - Small commercial property risks - Exposures and perils - Personal property risks |
| From Quote to Policy | 10% | - Policy issuance and delivery - Quotation and binding authority - Policy structure and components |
| Liability Insurance | 12% | - Commercial general liability - Personal liability coverages - Legal liability concepts |
| Insurance and the Intermediary | 10% | - Roles of brokers and agents - Legal duties and ethics - Licensing and regulation |
| Communication and Service Skills | 8% | - Policy changes and endorsements - Record keeping - Client communication |
Which homeowners package policy provides all-perils coverage on the building and named-perils coverage on the contents?
Correct Answer: D 🗳️
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Why is the precedent-setting case Fine's Flowers Ltd. et al. v. General Accident Assurance Co. of Canada et al. significant?
Correct Answer: A 🗳️
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Regarding the duty of disclosure, what is required to comply with the principle of utmost good faith?
Correct Answer: C 🗳️
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During the renewal process, which tool keeps the broker on track and protects against lawsuits by requiring the insured's signature?
Correct Answer: C 🗳️
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Michelle is a new agent who would like to protect herself against possible errors and omissions claims. What should Michelle practice in her interactions with clients and insurers?
Correct Answer: D 🗳️
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