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IIC C11 Questions & Answers - in .pdf

C11 pdf
  • Total Q&A: 103
  • Update: Oct 07, 2026
  • Price: $59.99
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  • Vendor: IIC
  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
Features:
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Complete IIC Recommended Syllabus.
Free C11 PDF Demo Available.
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Exact IIC C11 Exam Questions with Correct Answers, verified by Experts with years of Experience in IT Field.

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IIC C11 Q&A - Testing Engine

C11 Study Guide
  • Total Q&A: 103
  • Update: Oct 07, 2026
  • Price: $59.99
Testing Engine
  • Vendor: IIC
  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
Features:
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IIC C11 Exam Syllabus Topics:

SectionWeightObjectives
Liability Insurance15-20%- Commercial General Liability (CGL)
- Professional Liability
- General Liability Concepts
Insurance Industry Overview10-15%- Insurance Market Structure
- Regulation and Legislation
- Claims Handling
Property Insurance15-20%- Valuation and Coinsurance
- Property Coverage Forms
- Policy Conditions and Exclusions
Risk and Insurance15-20%- Nature of Risk
- Risk Management Process
- Risk Identification and Measurement
- Insurable Risk
Insurance Operations and Contracts20-25%- Underwriting Process
- Policy Structure and Interpretation
- Insurance Contract Basics
- Fundamental Principles of Insurance
Automobile Insurance15-20%- Personal Automobile Coverage
- Mandatory Coverage Requirements
- Commercial Automobile Coverage

IIC Principles and Practice of Insurance Sample Questions:

Question #1
What does the term "subject of insurance" refer to?

A. The thing being insured
B. The company providing the coverage
C. The type of wording applicable to the policy
D. The perils associated with the risk


Question #2
If thenet premiumis $4,000 and thebroker's commissionis 20%, what is thepolicy premium?

A. $4,500
B. $5,000
C. $3,200
D. $6,500


Question #3
Maritime Insurance has met all requirements to be incorporated as an insurance company in Canada. Why would it prefer to incorporate under the Nova Scotia provincial statute rather than the federal statute?

A. Another company with the same name is already federally licensed
B. It intends to only do business in Nova Scotia
C. It plans to sell insurance nationally but operate out of one Nova Scotia office
D. It requires no capitalization


Question #4
How do insurers try to balance premiums against the losses they might have?

A. By writing as much business in one location as possible
B. By having a good spread of risk
C. Through specializing in one or two kinds of risk
D. Through insuring a small number of superior risks


Question #5
A person applies for fire insurance on their house but fails to mention that in winter they leave the house unoccupied for two months while vacationing. What is this an example of?

A. Non-disclosure
B. Negligence
C. Breach of warranty
D. Discharge of contract


Solutions:

Question #1
Correct Answer: A
Question #2
Correct Answer: B
Question #3
Correct Answer: B
Question #4
Correct Answer: B
Question #5
Correct Answer: A

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C11 Related Exams
C130 - Essential Skills for the Insurance Broker and Agent
C131 - Advanced Skills for the Insurance Broker and Agent
C11 - Principles and Practice of Insurance
Related Certifications
Chartered Insurance Professional (CIP)
RIBO Insurance Broker