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

  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Oct 05, 2026
  • Q & A: 79 Questions and Answers

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IIC C131 Exam Syllabus Topics:

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

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

Question #1

How is a party treated when added to a liability policy as an additional named insured?

  • A. Additional named insureds can be amended by the broker without the need to inform the insurer.
  • B. The certificate holder receives the same protections under the policy as named insureds.
  • C. Both the names of the corporation and the individual insured must be listed on the declarations page.
  • D. Named loss payees have more rights than the named insured.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

Alberta Trucking Company frequently transports material back and forth from Canada to the United States. It employs over forty truckers, who, upon hiring, have criminal and reference checks completed. A trucker, transporting general freight, has recently been stopped at the border by a United States customs agent, who refuses to let him through. What is the likely reason for the custom agent's refusal?

  • A. The trucker did not register for an International driver's licence.
  • B. The trucking company did not follow the guidelines when arranging the filing.
  • C. The truck is not insured for the minimum $200,000 limit required in the United States.
  • D. The truck is not displaying the trucker's medical or criminal check certificates.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

A manufacturer had multiple experiences of missing inventory and suspects an employee may be involved.
Which coverage would a broker recommend for future occurrences?

  • A. Liability coverage
  • B. 3-D policy
  • C. Property coverage
  • D. Business interruption
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

A group of stockholders is bringing a class action lawsuit, stating that the finances of the corporation in which they hold stock are being mismanaged. Which policy would likely respond to such a lawsuit?

  • A. Fiduciary obligation
  • B. Shareholders equity liability
  • C. Employee dishonesty
  • D. Directors and officers liability
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

Which exclusion on the contractors' equipment floater applies to loss or damage caused by breaking through ice or sinking in soft ground?

  • A. Overloading exclusion
  • B. Sinkhole exclusion
  • C. Territory exclusion
  • D. Muskeg exclusion
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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