IIC C11 Actual Free Exam Questions & Community Discussion

Exam Code/Number: C11
Exam Name/Title: Principles and Practice of Insurance
Certification Provider: IIC
Corresponding Certification: Chartered Insurance Professional (CIP)

Exam Questions: 103
Updated On: Oct 09, 2026

Question #1

Which action reduces a hazard?

A. Shutting off sprinkler systems during renovations

B. Installing anti-slip floor tile in the hallway

C. Using high beams at night on a busy highway

D. Removing protective packaging around items being moved

Discussion 0

Correct Answer: B Vote an answer

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Question #2

Ace Brokerage Inc., a liability insurer, has been in business for three years. It is suffering financial difficulties despite writing a significant amount of new business. What is the most likely reason?

A. Many clients have added endorsements to their policies

B. Premiums were discounted when policyholders paid in full

C. Poor handling of its accounts receivable

D. Lack of profit-sharing commissions earned

Discussion 0

Correct Answer: C Vote an answer

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Question #3

What does the Institute for Catastrophic Loss Reduction (ICLR) encourage?

A. The understanding of weather patterns to aid all citizens in predicting weather

B. The development of mandatory evacuation procedures in the event of any moderate weather changes

C. The building of resilient communities through cost-effective techniques that enable structures to withstand severe weather or earthquakes

D. The pooling of funds by all members of society to deal with the predicted cost of a large-scale natural disaster

Discussion 0

Correct Answer: C Vote an answer

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Question #4

In a non-proportional (excess of loss) reinsurance contract, the reinsurer agrees to pay the portion of any loss thatexceeds $80,000, up to an additional$100,000.
How much would the primary insurer pay for an insured loss of$60,000?

A. $60,000

B. $20,000

C. $0

D. $36,000

Discussion 0

Correct Answer: A Vote an answer

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Question #5

What is generally thethirdstep in responding to a privacy breach?

A. Contain the breach and assess ways to reduce harm

B. Evaluate the risks associated with the breach

C. Determine who needs to be notified and send notices

D. Investigate how the breach happened and prevent recurrence

Discussion 0

Correct Answer: B,C,D Vote an answer

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Question #6

If one in every five houses suffers a $50,000 loss each year, and all houses have the same value, what would the pure premium be for each homeowner?

A. $10,000

B. $2,500

C. $5,000

D. $100,000

Discussion 0

Correct Answer: C Vote an answer

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Question #7

Insurer A and Insurer B cover the same building and the policies are NOT subject to contribution. The building sustains a loss of $450,000. How can the insured claim for their loss?

A. Claim 50% of the loss from each insurer

B. Claim the full amount from insurer A

C. Claim the full amount from Insurer B and request them to subrogate against Insurer A

D. Claim the full amount from Insurer A and have Insurer B pay the loss deductible

Discussion 0

Correct Answer: B Vote an answer

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