IIC C131 Exam : Advanced Skills for the Insurance Broker and Agent

  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Oct 02, 2026
  • Q & A: 79 Questions and Answers

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IIC C131 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management- Analyzing risk exposures
- Insurance in a risk management plan
- Monitoring and modifying risk management plans
- Selecting risk techniques
Topic 2: Specialized Insurance Lines- Automobile insurance
- Crime and bonds
- Manufacturers, distributors, freight forwarders
- Contractors insurance
- Builders risk insurance
Topic 3: Liability Insurance- Commercial and general liability concepts
Topic 4: Property Insurance Coverages- Property coverages fundamentals

IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:

Question #1

Which person would be hired by another contractor, because of her experience in a particular trade, to complete a portion of a larger project?

  • A. Inspector
  • B. Subcontractor
  • C. Project manager
  • D. Consultant
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

In risk management, how can a risk be transferred?

  • A. By using contracts
  • B. By eliminating the risk
  • C. By self-insuring
  • D. By reducing the risk through loss prevention
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

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?

  • A. Underwriter
  • B. Producer
  • C. Adjuster
  • D. Marketer
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

What does the permissions clause in a building insurance policy allow the insured to do?

  • A. Proceed with additions, alterations, or repairs, without having to inform the insurer in advance
  • B. Clean up debris from a loss prior to advising the insurer
  • C. Use the property for purposes other than those stated on the policy
  • D. Move undamaged property to a secure site to prevent further damage after a loss
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

What is the intent of a cross liability clause found in a commercial general liability (CGL) policy?

  • A. Insure under a trading style which is always a legal entity
  • B. Provide coverage as if each named insured had a separate policy
  • C. Prevent one insured from bringing an action against another named insured
  • D. Compound the limits of liability by providing the limit of coverage for each named insured
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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