IIC C130 Actual Free Exam Questions & Community Discussion

Exam Code/Number: C130
Exam Name/Title: Essential Skills for the Insurance Broker and Agent
Certification Provider: IIC
Corresponding Certification: Chartered Insurance Professional (CIP)

Exam Questions: 79
Updated On: Oct 05, 2026

Question #9

What type of insurance policy would a life lease holder require?

A. Mobile home and liability policy

B. Condominium insurance

C. Tenants package insurance

D. Personal liability package

Discussion 0

Correct Answer: C Vote an answer

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Question #10

Marsha, a broker, receives a call from a frustrated client regarding their increasing premium. How should she explain the increase to the client?

A. Premiums are determined by statistical predictions of past losses and they increase during a hard market.

B. Premiums are determined by statistical predictions of future losses and they increase during a soft market.

C. Premiums are determined by statistical predictions of future losses and they increase during a hard market.

D. Premiums are determined by statistical predictions of past losses and they increase during a soft market.

Discussion 0

Correct Answer: C Vote an answer

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Question #11

In insurance sales terminology, what is a lead?

A. A segment of existing clients who have similar insurance coverage needs

B. A broker who aims to meet their clients' needs with products

C. A member of a group of potential clients that fits the profile that has been determined as the marketing target

D. An insurer with an underwriting policy that most closely aligns with a broker's requirements

Discussion 0

Correct Answer: C Vote an answer

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Question #12

Trevor is cutting down a tree in his backyard. The tree accidentally falls onto his neighbour's shed, destroying the roof. Two weeks later, Trevor receives a document from his neighbour suing him for the damages to the shed and its contents. Which document has Trevor received?

A. Judgment notice

B. Statement of defence

C. Statement of claim

D. Damages attestation

Discussion 0

Correct Answer: C Vote an answer

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Question #13

Which additional coverage is not typically available for personal-lines risks, although it is often provided at an additional charge for commercial risks?

A. Specialized motor vehicle endorsement

B. Renovation and remodelling endorsement

C. Flood insurance

D. Identity theft insurance

Discussion 0

Correct Answer: C Vote an answer

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Question #14

Regarding the duty of disclosure, what is required to comply with the principle of utmost good faith?

A. The broker or agent determines whether the information is material to the risk and discloses information accordingly, on behalf of the insured.

B. Full disclosure of material information is required of the applicant.

C. The intermediary is required to withhold disclosure of pertinent information if the client asks the broker to do so.

D. The applicant has a duty to disclose all relevant and irrelevant facts.

Discussion 0

Correct Answer: B Vote an answer

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Question #15

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?

A. Offer advice to clients if she thinks it is beneficial, even if it is outside her area of expertise

B. Recommend that clients consult with experts outside the insurance field if a situation calls for it

C. Use close-ended questions with clients at all times

D. Ensure all communication with clients and insurers is done face-to-face

Discussion 0

Correct Answer: B Vote an answer

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Question #16

How many years of driving experience are newly licensed drivers generally credited for if they have completed an approved driver training course?

A. Two or three years

B. Four or five years

C. Three or four years

D. One or two years

Discussion 0

Correct Answer: A Vote an answer

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