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IIC C130 Exam : Essential Skills for the Insurance Broker and Agent

C130 actual test
  • Exam Code: C130
  • Exam Name: Essential Skills for the Insurance Broker and Agent
  • Updated: Oct 02, 2026
  • Q & A: 79 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

About IIC C130 Exam

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IIC C130 Exam Syllabus Topics:

SectionWeightObjectives
Insurance and the Intermediary10%- Roles of brokers and agents
- Legal duties and ethics
- Licensing and regulation
Property Insurance Exposures10%- Exposures and perils
- Personal property risks
- Small commercial property risks
Communication and Service Skills8%- Client communication
- Policy changes and endorsements
- Record keeping
The Application Process10%- Duty of disclosure
- Completing applications
- Underwriting considerations
From Quote to Policy10%- Policy issuance and delivery
- Quotation and binding authority
- Policy structure and components
Sales and Client Needs10%- Risk identification
- Insurance solutions
- Client consultation
Liability Insurance12%- Legal liability concepts
- Personal liability coverages
- Commercial general liability
Claims Handling8%- Settlement and subrogation
- Claim reporting process
- Broker's role in claims
Automobile Insurance10%- Provincial variations
- Mandatory and optional coverages
- Rating and policy issues
Property Insurance Wordings12%- Coverages and exclusions
- Common policy forms
- Valuation methods

IIC Essential Skills for the Insurance Broker and Agent Sample Questions:

Question #1

In provinces with a graduated licensing system for intermediaries, what must the licensee achieve in order to write the next level of examination?

  • A. Work experience
  • B. Election to the council
  • C. Regulator sponsorship
  • D. Adequate remuneration
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Prominently included on some property insurance policies is the statement "This policy contains a clause that may limit the amount payable." What clause is being referred to?

  • A. Named exclusions clause
  • B. Coinsurance clause
  • C. Deferred payment clause
  • D. Stacked limits clause
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

What aspect of communication involves parties interpreting verbal and non-verbal cues?

  • A. Building rapport
  • B. Passive exchange
  • C. Active listening
  • D. Matching
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Marsha, a broker, receives a call from a frustrated client regarding their increasing premium. How should she explain the increase to the client?

  • A. Premiums are determined by statistical predictions of future losses and they increase during a soft market.
  • B. Premiums are determined by statistical predictions of past losses and they increase during a hard market.
  • C. Premiums are determined by statistical predictions of future losses and they increase during a hard market.
  • D. Premiums are determined by statistical predictions of past losses and they increase during a soft market.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

Which statement describes the reimbursement of voluntary medical payments under a personal liability policy?

  • A. The third party will be reimbursed solely for direct damage to their property.
  • B. The insured and the third party must live in the same household for there to be payment.
  • C. The insured is required to provide written proof and medical documentation.
  • D. The injured party is required to prove that their injuries occurred as a result of negligence.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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