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 09, 2026

Question #9

What refers to one's ability to pay for any damage incurred as a result of the driver's actions or inaction?

A. No-fault insurance

B. Financial responsibility

C. Uninsured motorist coverage

D. Accident benefits

Discussion 0

Correct Answer: B Vote an answer

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Question #10

What is the primary way an agent and an exclusive agent differ?

A. In their authority to handle claims

B. In the number of insurance companies they can represent

C. In the way they advise clients of policy coverages

D. In the way they evaluate a client

Discussion 0

Correct Answer: B Vote an answer

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Question #11

Insurance is based on the existence of which factor?

A. Absolute liability

B. Premium

C. Risk

D. Tortfeasors

Discussion 0

Correct Answer: C Vote an answer

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Question #12

Trevor is cutting down a tree in his backyard. The tree accidentally falls onto his neighbour's shed, destroying the roof. Two weeks later, Trevor receives a document from his neighbour suing him for the damages to the shed and its contents. Which document has Trevor received?

A. Judgment notice

B. Damages attestation

C. Statement of claim

D. Statement of defence

Discussion 0

Correct Answer: C Vote an answer

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Question #13

In provinces with a graduated licensing system for intermediaries, what must the licensee achieve in order to write the next level of examination?

A. Work experience

B. Adequate remuneration

C. Regulator sponsorship

D. Election to the council

Discussion 0

Correct Answer: A Vote an answer

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Question #14

When closing a sale, what makes it easier for the intermediary to counter any objections raised by the client?

A. Using unusual and extremely serious claims examples

B. Employing passive listening

C. Adopting assertive body language

D. Being aware of what is happening in the industry

Discussion 0

Correct Answer: D Vote an answer

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Question #15

What is an agent's primary duty to the insurer?

A. Provide the insurer with the insured's finances upon request

B. Bind the policy with the insurer they have the best relationship with

C. Quote the client with maximum amounts of liability coverage

D. Provide the insurer with all relevant material facts

Discussion 0

Correct Answer: D Vote an answer

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Question #16

Mikayla is an independent contractor who uses her own vehicle to deliver pizza. She is compensated by the number of pizzas she can deliver. If she is involved in an accident where she injures a third party, which coverage could respond?

A. Mikayla's employer's liability coverage from its tenant's legal liability

B. Mikayla's homeowners policy

C. The pizza company's professional liability policy

D. The pizza company's non-owned automobile policy

Discussion 0

Correct Answer: D Vote an answer

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