IIC C11 Exam : Principles and Practice of Insurance

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IIC C11 Exam Syllabus Topics:

IIC Principles and Practice of Insurance Sample Questions:

1. Which type of policy must be signed by a member of each participating insurer?

A) Prescription
B) Subrogation
C) All-inclusive
D) Subscription

2. If thenet premiumis $4,000 and thebroker's commissionis 20%, what is thepolicy premium?

A) $3,200
B) $4,500
C) $6,500
D) $5,000

3. What does the acronymPIPEDAstand for?

A) Personal Insurance Products Electronically Delivered Act
B) Personal Information Protection and Electronic Documents Act
C) Protect Insurance Products by Electronic Decoding Algorithms
D) Private Information Protected from Email Decoding Attacks

4. Robin is employed as a loss adjuster handling a large residential fire claim. Which is NOT one of their responsibilities?

A) Explain relevant insurance coverage
B) Uphold the law with respect to its interpretation
C) Assess the claim with integrity
D) Provide legal advice even if the claimant has legal counsel

5. MacMan Inc. employs several salespersons who travel throughout Canada with samples of its products.
Which type of coverage does MacMan Inc. require to protect its samples while in the salespersons' possession?

A) Aviation Insurance
B) Personal Property Floater
C) Commercial Property Floater
D) Accident Insurance

Solutions: