Free IIC C131 Practice Test & Real Exam Questions

Exam Code/Number: C131
Exam Name/Title: Advanced Skills for the Insurance Broker and Agent
Certification Provider: IIC
Corresponding Certification: Chartered Insurance Professional (CIP)

Exam Questions: 79
Updated On: Jul 10, 2026

Question #1

By conducting online research of a risk's profile and website, and asking about supplies, machinery, and manufacturing process used, which liability exposure of the risk is being assessed?

A. Contractual

B. Current

C. Professional

D. Premises

Discussion 0

Correct Answer: B Vote an answer

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Question #2

An architect is sued by a client for having failed to account for local bylaws when designing a new home. For the insurance company to defend the architect, which coverage must he have in place?

A. Explosion, collapse, and underpinning

B. Wrap-up liability

C. Errors and omissions

D. Commercial building, equipment, and stock

Discussion 0

Correct Answer: C Vote an answer

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Question #3

How can a broker BEST investigate a roofing contractor's operations to identify liability exposures?

A. Ask the client to detail what a typical project involves

B. Read reviews on the contractor's website

C. Ask the client what type of claims they are worried about

D. Speak with past customers of the contractor

Discussion 0

Correct Answer: A Vote an answer

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Question #4

What is a disadvantage of a broker using one-way communication with clients?

A. Client may not read the communication

B. Too costly

C. Lack of generalization for clients

D. Time consuming

Discussion 0

Correct Answer: A Vote an answer

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Question #5

Which person would be hired by another contractor, because of her experience in a particular trade, to complete a portion of a larger project?

A. Subcontractor

B. Project manager

C. Consultant

D. Inspector

Discussion 0

Correct Answer: A Vote an answer

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Question #6

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. Business interruption

B. Liability coverage

C. 3-D policy

D. Property coverage

Discussion 0

Correct Answer: C Vote an answer

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Question #7

What is insurer solvency?

A. An obligation to meet a rating company's opinion

B. The ability of an insurer to meet its financial obligations

C. The amount of claims an insurer has closed in the past year

D. An agreement between multiple insurance companies

Discussion 0

Correct Answer: B Vote an answer

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Question #8

When should a broker recommend that a client amend their existing risk management plan?

A. After financial statements are published

B. When changing a manufacturing process

C. Annually at renewal

D. When hiring a new staff member

Discussion 0

Correct Answer: B Vote an answer

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