[Aug 31, 2026] Get Unlimited Access to C130 Certification Exam Cert Guide [Q42-Q61]

4/5 - (2 votes)

[Aug 31, 2026] Get Unlimited Access to C130 Certification Exam Cert Guide

Reliable Study Materials for C130 Exam Success For Sure

IIC C130 Exam Syllabus Topics:

Section	Objectives
Topic 1: Client Needs and Risk Assessment	– Identifying client exposures and loss potential – Information gathering and client interviewing
Topic 2: Insurance Fundamentals and Core Concepts	– Principles of insurance (risk, insurability, contracts) – Types of risk and risk management
Topic 3: Ethics, Legal Principles, and Professional Standards	– Ethical conduct and regulatory expectations – Duty of care and fiduciary responsibility
Topic 4: Insurance Intermediaries and Distribution	– Role of agents and brokers – Distribution systems (direct writer, independent brokerage, etc.) – Agency relationships and authority
Topic 5: Insurance Products and Policy Basics	– Property and liability insurance fundamentals – Policy structure and coverage concepts

NEW QUESTION 42
W & A Insurers Inc. has a capacity of $30 million for any single property risk. It also has a reinsurance agreement with Tri-insurance Inc. for an additional $40 million. A broker approaches W & A Insurers Inc.
with a request to write a low-hazard $37 million liability risk. What is the insurer’s retention if it accepts and reinsures the risk?

$27 million

$30 million

$37 million

$40 million

NEW QUESTION 43
In which Canadian province is compulsory automobile insurance purchased from a private insurer?

Manitoba

Saskatchewan

British Columbia

Newfoundland and Labrador

NEW QUESTION 44
Which name is a legal entity?

Best Brokers

Trains ‘R Rolling

Joe’s Bar and Grill

Olivia Clemente dba Discovery Playcare

NEW QUESTION 45
When brokers are self-regulated, which body enacts the licensing laws?

Federal government only

Provincial or territorial government

Brokerage or agency in which the intermediary is employed

Insurance company with which the intermediary places the majority of business

NEW QUESTION 46
An insured reports a loss to their broker and is subsequently contacted by an adjuster to discuss the claim. A few days later, the insured calls their broker to ask a question about their claim settlement. What is the best course of action for the broker to take?

Review the policy wordings with the insured

Advise the insured to contact the ombudsperson

Provide expected settlement values to the insured

Connect the insured with their loss adjuster to discuss the claim

NEW QUESTION 47
It is critical that an intermediary is always mindful of privacy legislation during which method of sourcing clients?

Walk-ins

Upselling

Online marketing

Tracking of expiry dates

NEW QUESTION 48
Brenda’s house is valued at $250,000. She has a policy coverage limit of $220,000 and an 80 percent coinsurance clause. What would be the payout if the insured suffers a loss of $150,000?

$120,000

$150,000

$176,000

$220,000

NEW QUESTION 49
How many years of driving experience are newly licensed drivers generally credited for if they have completed an approved driver training course?

One or two years

Two or three years

Three or four years

Four or five years

NEW QUESTION 50
Lindy, a new producer, has a robust client list and has struggled to find time to acquire new customers. To meet her aggressive sales goals, she has decided to pivot to increasing revenues primarily from her current clients.
Discuss the TWO techniques that will allow Lindy to grow her business mainly from within.

NEW QUESTION 51
A building valued at $500,000 is insured under a homeowners policy with a guaranteed replacement cost provision. If the building suffers a total fire loss, under what circumstances would the insurer pay the full cost of rebuilding, even if it cost $725,000?

The amount insured was 100 percent of the replacement cost at last valuation.

The insured notified the insurer 115 days after the building improvements have been completed.

The increased cost of replacement was due to a change in the potential occupancy of the building.

The amount of insurance under the policy was 85 percent of the replacement cost at last valuation.

NEW QUESTION 52
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?

Mikayla’s homeowners policy

The pizza company’s professional liability policy

The pizza company’s non-owned automobile policy

Mikayla’s employer’s liability coverage from its tenant’s legal liability

NEW QUESTION 53
Regarding the duty of disclosure, what is required to comply with the principle of utmost good faith?

Full disclosure of material information is required of the applicant.

The applicant has a duty to disclose all relevant and irrelevant facts.

The intermediary is required to withhold disclosure of pertinent information if the client asks the broker to do so.

The broker or agent determines whether the information is material to the risk and discloses information accordingly, on behalf of the insured.

NEW QUESTION 54
What is the role of insurance intermediaries under the law of agency?

Act as third parties in insurance contracts

Issue policies on any risk agents deem insurable

Confirm with the insurers that all exposures are covered

Balance dual responsibilities to the insurers and to the insureds

NEW QUESTION 55
Insurance is based on the existence of which factor?

Risk

Tortfeasors

Premium

Absolute liability

NEW QUESTION 56
Briefly discuss the liability exposures that arise from the ownership of animals.

NEW QUESTION 57
What does the term contra proferentem mean?

The policy will be treated as if it never existed.

The policy can be affirmed at the option of the insured.

Any uncertainty in the policy wording will be construed in the insured’s favour.

Any insured listed on the policy must comply with all obligations under the policy.

NEW QUESTION 58
What type of insurance policy would a life lease holder require?

Condominium insurance

Personal liability package

Tenants package insurance

Mobile home and liability policy

NEW QUESTION 59
Which is an example of an indirect loss?

Arson at a retail store, initiated by an employee

Liability claim resulting from a slip and fall at a cinema

Loss of income following a fire claim that closes a factory

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

NEW QUESTION 60
During the renewal process, which tool keeps the broker on track and protects against lawsuits by requiring the insured’s signature?

Binder

Checklist

Flowchart

Cover note

NEW QUESTION 61
In law, what does the term prescription mean?

Committing to an automatic renewal process

Limited time after which a cause of action ceases

Guidelines relating to the acceptability of a class of risk

Transferring of the rights for action against the responsible party to the insurer

New IIC C130 Dumps & Questions: https://www.dumpsreview.com/C130-exam-dumps-review.html

Latest Exams Dumps & Reviews

[Aug 31, 2026] Get Unlimited Access to C130 Certification Exam Cert Guide [Q42-Q61]

IIC C130 Exam Syllabus Topics:

examdumps

Leave a Reply Cancel reply