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IIC C11 Exam Syllabus Topics:

IIC Principles and Practice of Insurance Sample Questions:

1. What is the correct placement of statutory conditions to their respective insurance policy?

A) A: fire, B: accident & sickness, C: automobile
B) A: accident & sickness, B: fire, C: automobile
C) A: accident & sickness, B: automobile, C: fire
D) A: automobile, B: accident & sickness, C: fire

2. If a dispute arises between the insurer and insured over a claim, which party is responsible for satisfying the courts that a concealment of material facts has occurred?

A) Insurer
B) Broker
C) Insured
D) Third party

3. Orianna is an insurance professional who acts on behalf of the insurerandthe insured. She owns her client list and is paid commission once policies are arranged. What is her profession?

A) Independent adjuster
B) Exclusive agent
C) Underwriter
D) Broker

4. How would a moving and storage company benefit from purchasing insurance to cover customers' goods while in transit?

A) Provides a feeling of security
B) More capital for business ventures
C) Opportunity for more subscription policies
D) Greater acquisition potential

5. What are the four requirements of a binding contract under the Civil Code of Quebec?

A) Capacity, intention, co-operation, and lesion
B) Acceptance, agreement, capacity, and offer
C) Capacity, cause, consent, and object of contract
D) Acceptance, cause, consent, and subject of contract

Solutions: