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Exam Code: C131 Vendor: IIC Name: Advanced Skills for the Insurance Broker and Agent 77 Q&A with Explanation Last Update: Jul 2, 2026
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IIC C131 Last Week Results!

10

Customers Passed
IIC C131

90%

Average Score In Real
Exam At Testing Centre

89%

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C131 Q&A's Detail

Exam Code:
C131
Total Questions:
77 Q&A's
Single Choice Questions:
70 Q&A's
Fill in the Blanks Questions:
7 Q&A's

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Advanced Skills for the Insurance Broker and Agent Questions and Answers

Question 1

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

Options:

A.

Business interruption

B.

3-D policy

C.

Property coverage

D.

Liability coverage

Question 2

What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?

Options:

A.

Garage liability

B.

Architect's liability

C.

Commercial general liability (CGL)

D.

Directors and officers liability (D & O)

Question 3

How do privacy laws impact brokers?

Options:

A.

Implied permission is given when a potential client asks for a quote.

B.

Provincial privacy legislation follows the same rules and regulations as federal privacy legislation.

C.

Brokers may be held accountable for third parties' duty to provide appropriate privacy protection to clients.

D.

Third parties must submit notarized written requests for the broker to release the insured's claims information.

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