IIC C131 Actual Free Exam Questions & Community Discussion
A broker is reviewing a client's risk profile. The client commonly sends their employees on international trips to source rare goods, which are often found in unstable parts of the world. The broker recommends a kidnap, ransom and extortion policy. Which type of client is this?
Correct Answer: A
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Which phrase will best help an intermediary close a sale, after presenting the proposal to a client?
Correct Answer: C
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An architect is sued by a client for having failed to account for local bylaws when designing a new home. For the insurance company to defend the architect, which coverage must he have in place?
Correct Answer: A
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Graham works at a brokerage where responsibilities are divided among the staff. His daily work consists of analyzing quotations and creating client proposals. What is his role?
Correct Answer: D
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Which exclusion on the contractors' equipment floater applies to loss or damage caused by breaking through ice or sinking in soft ground?
Correct Answer: B
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A broker is preparing to meet with a prospective client, Queen Ice Cream, who manufactures and distributes ice cream to five different provinces. What can the broker ask to ensure a smooth transition for the client?
Correct Answer: B
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Which document contains a rough outline from bidders of work to be completed, with details on how they will carry out this work?
Correct Answer: B
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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?
Correct Answer: A
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