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IIC C11 Questions & Answers - in .pdf

C11 pdf
  • Total Q&A: 103
  • Update: Sep 12, 2026
  • Price: $59.99
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  • Vendor: IIC
  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
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IIC C11 Q&A - Testing Engine

C11 Study Guide
  • Total Q&A: 103
  • Update: Sep 12, 2026
  • Price: $59.99
Testing Engine
  • Vendor: IIC
  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
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IIC C11 Exam Overview:

Certification Vendor:Insurance Institute of Canada (IIC)
Exam Name:Principles and Practice of Insurance
Exam Number:C11
Certificate Validity Period:Valid while CIP program requirements are met; no fixed expiry
Exam Format:Scenario-based questions, Multiple-choice questions, Knowledge-based questions
Real Exam Qty:100
Related Certifications:C13 Insurance Against Liability – Part 1
C14 Automobile Insurance – Part 1
C12 Insurance on Property
Exam Price:CAD 418
Passing Score:60% (120/200 points)
Exam Duration:120 minutes
Available Languages:English, French
Recommended Training:C11 Official Course Materials
Exam Registration:Official Registration
Sample Questions:IIC C11 Sample Questions
Exam Way:Online proctored or in-person at authorized centres
Pre Condition:None; recommended as first course in CIP program
Official Syllabus URL:https://www.insuranceinstitute.ca/en/Courses/CIP/C11

IIC C11 Exam Syllabus Topics:

SectionWeightObjectives
Introduction to Insurance10–15%- Basic concepts: risk, peril, hazard
- Role of insurance in economy and society
- Purpose and function of insurance
Insurance Policy Structure and Provisions20–25%- Endorsements and modifications
- Policy components: declarations, insuring agreement, exclusions, conditions
- Interpretation of policy wording
Insurance Industry Structure and Stakeholders15–20%- Insurers, intermediaries, regulators
- Roles: underwriting, claims, reinsurance
- Legislation and regulation in Canada
Legal Principles of Insurance20–25%- Insurable interest, utmost good faith
- Subrogation and contribution
- Contract law fundamentals
- Principle of indemnity
Risk Management and Application15–20%- Risk identification, assessment, treatment
- Ethics and professional conduct
- Application of principles to personal and commercial contexts

IIC Principles and Practice of Insurance Sample Questions:

Question #1

What type of cancellation occurs if theinsuredcancels the policy before expiry?

A. Half-term
B. Pro rata
C. Short rate
D. Partial-term


Question #2

Why does the need for liability insurance arise?

A. Meet societal obligations and norms
B. Uphold ethical feelings of responsibility
C. Fulfill legal obligations to others
D. Reduce personal risk to oneself


Question #3

Which statement describes a primary function of a telephone adjuster?

A. Authorize repairs suggested by the staff adjuster
B. Act as a liaison between the intermediary and the insurer
C. Process a large volume of claims
D. Process all paperwork for independent examiners


Question #4

How are staff adjusters and independent adjusters similar?

A. Neither has any limitation on their authority to settle claims
B. Both work on behalf of, and are paid by, the insurer
C. Both are licensed only in Quebec and New Brunswick
D. Neither is allowed to perform an investigation


Question #5

Which statement reflects the concept that the premium for each risk should be commensurate with that risk?

A. Proper settlement of losses should be paid out of the pool of funds
B. Risks can happen to anyone, so each individual should purchase insurance
C. One or more persons should provide protection to another person against loss
D. Risks more likely to have losses should pay higher premiums


Solutions:

Question #1
Answer: B,C
Question #2
Answer: C
Question #3
Answer: C
Question #4
Answer: B
Question #5
Answer: D

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