Study and Prepare with IIC C130 study material, That's Easy to pass With PracticeMaterial!
Last Updated: Aug 16, 2026
No. of Questions: 79 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Claims Handling | 8% | - Broker's role in claims - Settlement and subrogation - Claim reporting process |
| Communication and Service Skills | 8% | - Client communication - Record keeping - Policy changes and endorsements |
| Automobile Insurance | 10% | - Mandatory and optional coverages - Provincial variations - Rating and policy issues |
| Sales and Client Needs | 10% | - Insurance solutions - Client consultation - Risk identification |
| Liability Insurance | 12% | - Legal liability concepts - Personal liability coverages - Commercial general liability |
| Property Insurance Wordings | 12% | - Valuation methods - Coverages and exclusions - Common policy forms |
| Property Insurance Exposures | 10% | - Small commercial property risks - Personal property risks - Exposures and perils |
| From Quote to Policy | 10% | - Policy issuance and delivery - Quotation and binding authority - Policy structure and components |
| The Application Process | 10% | - Duty of disclosure - Underwriting considerations - Completing applications |
| Insurance and the Intermediary | 10% | - Licensing and regulation - Roles of brokers and agents - Legal duties and ethics |
1. How many years of driving experience are newly licensed drivers generally credited for if they have completed an approved driver training course?
A) Four or five years
B) Three or four years
C) Two or three years
D) One or two years
2. Which type of adjuster processes a large volume of claims that do not require inspecting property damage or visiting the loss location?
A) Service adjuster
B) Account adjuster
C) Telephone adjuster
D) Remote adjuster
3. During the renewal process, which tool keeps the broker on track and protects against lawsuits by requiring the insured's signature?
A) Flowchart
B) Checklist
C) Cover note
D) Binder
4. Relay Cycle Shop has been non-operational for six months since an arsonist set fire to the building. The store is empty of all contents, and contractors continue to work onsite. The owner of the shop anticipates it will be able to reopen in four weeks. How would the shop traditionally be categorized by the insurer?
A) Idle
B) Abandoned
C) Vacant
D) Unoccupied
5. What is an agent's primary duty to the insurer?
A) Quote the client with maximum amounts of liability coverage
B) Provide the insurer with the insured's finances upon request
C) Bind the policy with the insurer they have the best relationship with
D) Provide the insurer with all relevant material facts
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |
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