IIC C131 Exam : Advanced Skills for the Insurance Broker and Agent

  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Aug 14, 2026
  • Q & A: 79 Questions and Answers

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IIC C131 Exam Syllabus Topics:

SectionWeightObjectives
Specialty Lines: Auto, Crime, and Surety Bonds10%
Insuring Contractors & Construction Risks15%- Builders Risk Insurance
- Contractors' Exposures
Introduction to Commercial Insurance10%
Risk Management Principles15%- Analyzing Risk Exposures
- Developing Risk Management Plans
- Selecting Risk Management Techniques
Commercial Property Coverages15%- Business Interruption Insurance
- Policy Wordings and Clauses
Commercial Liability Coverages15%- Errors and Omissions
- General Liability
Monitoring and Modifying Risk Plans5%
Insuring Manufacturers & Distributors15%

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

1. What does the permissions clause in a building insurance policy allow the insured to do?

A) Move undamaged property to a secure site to prevent further damage after a loss
B) Clean up debris from a loss prior to advising the insurer
C) Proceed with additions, alterations, or repairs, without having to inform the insurer in advance
D) Use the property for purposes other than those stated on the policy


2. What is the intent of a cross liability clause found in a commercial general liability (CGL) policy?

A) Insure under a trading style which is always a legal entity
B) Compound the limits of liability by providing the limit of coverage for each named insured
C) Prevent one insured from bringing an action against another named insured
D) Provide coverage as if each named insured had a separate policy


3. Which exclusion on the contractors' equipment floater applies to loss or damage caused by breaking through ice or sinking in soft ground?

A) Overloading exclusion
B) Muskeg exclusion
C) Territory exclusion
D) Sinkhole exclusion


4. Angie is frustrated with her insurer as she recently had a mysterious disappearance claim that was denied under her commercial property policy. Why was Angie likely denied her claim?

A) Her policy had not earned sufficient premium at the time of the loss
B) She had a similar claim in a previous policy term
C) Her appraisal was only received in the last three months
D) She had chosen named perils coverage


5. What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?

A) Directors and officers liability (D & O)
B) Garage liability
C) Commercial general liability (CGL)
D) Architect's liability


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: C

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