Download IIC : C131 Questions & Answers as PDF & Test Software
Updated: Jul 04, 2026
No. of Questions: 79 Questions & Answers with Testing Engine
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IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:
1. Which document contains a rough outline from bidders of work to be completed, with details on how they will carry out this work?
A) Certificate of insurance
B) Lease agreement
C) Broker's letter of authority
D) Request for a proposal
2. A manufacturer had multiple experiences of missing inventory and suspects an employee may be involved.
Which coverage would a broker recommend for future occurrences?
A) Property coverage
B) 3-D policy
C) Liability coverage
D) Business interruption
3. Helen, an agent for a marine insurer, is reviewing the renewal policy of her freight forwarding account. The firm has just expanded its operations to include United States exposure. Helen advises that a modification will be needed on both the current policy term and the renewal policy term. What is her reasoning to perform changes on both terms?
A) If the firm is importing and exporting American goods, the brokerage must attach a tariff disclaimer document to the policies.
B) As the firm did not advise the insurer in advance, the insurer can void coverage for misrepresentation.
C) If the firm has a claim in the United States, the insurer may deny coverage.
D) As the firm has expanded its area of exposure, a new policy will be required, and the renewal policy must be rescinded.
4. How is a party treated when added to a liability policy as an additional named insured?
A) Named loss payees have more rights than the named insured.
B) The certificate holder receives the same protections under the policy as named insureds.
C) Both the names of the corporation and the individual insured must be listed on the declarations page.
D) Additional named insureds can be amended by the broker without the need to inform the insurer.
5. A property manager needs to insure the potential loss of revenue if his commercial property under construction is destroyed before its completion and occupancy. What would the intermediary request from the insurer?
A) Underwriting manual
B) Customized wordings
C) Production policy
D) Contingent by-laws endorsement
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |
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