Free IIC C130 Practice Test & Real Exam Questions

Exam Code/Number: C130
Exam Name/Title: Essential Skills for the Insurance Broker and Agent
Certification Provider: IIC
Corresponding Certification: Chartered Insurance Professional (CIP)

Exam Questions: 79
Updated On: Jul 14, 2026

Question #33

Which homeowners package policy provides all-perils coverage on the building and named-perils coverage on the contents?

A. Standard

B. Basic

C. Comprehensive

D. Broad

Discussion 0

Correct Answer: D Vote an answer

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Question #34

What is an agent's consideration when assessing a potential client and the client's attitude towards risk?

A. People have the same acceptance of risk.

B. Availability of insurance coverage may be affected by the client's lifestyle.

C. People's habits are unrelated to their level of risk.

D. Clients who lead riskier lives are good sources of profit for insurance brokers.

Discussion 0

Correct Answer: B Vote an answer

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Question #35

Which is an example of an indirect loss?

A. Arson at a retail store, initiated by an employee

B. Loss of income following a fire claim that closes a factory

C. Liability claim resulting from a slip and fall at a cinema

D. Water damage to an apartment when a frustrated tenant intentionally fails to turn off a tap

Discussion 0

Correct Answer: B Vote an answer

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Question #36

A tenant's negligence causes a fire in the dwelling they rent. Typically, who is initially responsible for paying the damage?

A. The insurer that issued the tenant's legal liability policy

B. The insurer that issued the homeowners policy

C. The dwelling's owner who is responsible for the tenant's actions

D. The tenant who negligently caused the fire

Discussion 0

Correct Answer: B Vote an answer

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Question #37

A client who wants coverage for a risk, independent from the risk a broker previously arranged coverage for, is usually required to submit which document?

A. Formal written application

B. Insured's authorization application

C. Statement of change request

D. Broker of record letter

Discussion 0

Correct Answer: A Vote an answer

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Question #38

Why would an insured need an advertising injury liability extension in addition to the coverage provided by the standard commercial general liability policy?

A. To cover the liability arising from an invasion of privacy in written publications

B. To protect against infringement of the insured's copyright, trade dress, or slogan

C. To protect against unauthorized use of the insured's idea

D. To cover the liability arising out of advertising the goods and services of the business

Discussion 0

Correct Answer: D Vote an answer

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Question #39

Which occupancy would be most attractive to an insurer reviewing a property's exposure?

A. Scrap yard

B. Auto body shop

C. Restaurant

D. Clothing store

Discussion 0

Correct Answer: D Vote an answer

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Question #40

Which article is not insured for off-premises coverage unless it is scheduled?

A. Musical instrument

B. Firearm

C. Business computer

D. Silverware

Discussion 0

Correct Answer: C Vote an answer

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