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Real IIC C131 practice exam questions for easy pass!

Updated: Aug 27, 2026

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IIC C131 Exam Overview:

Certification Vendor:Insurance Institute of Canada (IIC)
Exam Name:Advanced Skills for the Insurance Broker and Agent
Exam Number:C131
Real Exam Qty:100
Exam Price:CAD 250–320 (plus tax)
Exam Format:Multiple-choice, Scenario-based questions, Computer-based
Available Languages:English
Exam Duration:120 minutes
Certificate Validity Period:3 years
Passing Score:60%
Related Certifications:CIP
Level 2 Insurance Broker Licence
Recommended Training:IIC E-Learning Portal
C131 Official Study Materials
Exam Registration:IIC Official Registration
Sample Questions:IIC C131 Sample Questions
Exam Way:Virtually proctored online or in-person at authorized test centres
Pre Condition:Recommended completion of C130: Essential Skills for the Insurance Broker and Agent
Official Syllabus URL:https://www.insuranceinstitute.ca/en/Courses/CIP/C131

IIC C131 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Introduction to Commercial Insurance10%
Topic 2: Risk Management Principles15%- Selecting Risk Management Techniques
- Analyzing Risk Exposures
- Developing Risk Management Plans
Topic 3: Insuring Contractors & Construction Risks15%- Builders Risk Insurance
- Contractors' Exposures
Topic 4: Specialty Lines: Auto, Crime, and Surety Bonds10%
Topic 5: Commercial Liability Coverages15%- General Liability
- Errors and Omissions
Topic 6: Monitoring and Modifying Risk Plans5%
Topic 7: Insuring Manufacturers & Distributors15%
Topic 8: Commercial Property Coverages15%- Policy Wordings and Clauses
- Business Interruption Insurance

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

1. What does pure risk entail?

A) Chance of loss without gain
B) Only gain
C) Either gain or loss
D) Chance of profit without loss


2. In risk management, how can a risk be transferred?

A) By self-insuring
B) By reducing the risk through loss prevention
C) By eliminating the risk
D) By using contracts


3. Angie is frustrated with her insurer as she recently had a mysterious disappearance claim that was denied under her commercial property policy. Why was Angie likely denied her claim?

A) Her policy had not earned sufficient premium at the time of the loss
B) Her appraisal was only received in the last three months
C) She had a similar claim in a previous policy term
D) She had chosen named perils coverage


4. 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) Project manager
B) Inspector
C) Consultant
D) Subcontractor


5. A broker is reviewing a quote against a submission for a client. The client owns several older rental housing units. Underwriting has agreed to the submission, with a roof exclusion on the older buildings. The client is happy with the premium cost, but not the exclusion. What should the broker do next?

A) Recommend the client find insurance elsewhere
B) Suggest the client replace the roofs in exchange for removal of the exclusion
C) Debate the underwriting department to prove the roofs are in good condition
D) Counsel the client to take the offer as is, since they like the price


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: D
Question # 5
Answer: B

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