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| Section | Weight | Objectives |
|---|---|---|
| Insurance and the Intermediary | 10% | - Roles of brokers and agents - Legal duties and ethics - Licensing and regulation |
| Property Insurance Exposures | 10% | - Exposures and perils - Personal property risks - Small commercial property risks |
| Communication and Service Skills | 8% | - Client communication - Policy changes and endorsements - Record keeping |
| The Application Process | 10% | - Duty of disclosure - Completing applications - Underwriting considerations |
| From Quote to Policy | 10% | - Policy issuance and delivery - Quotation and binding authority - Policy structure and components |
| Sales and Client Needs | 10% | - Risk identification - Insurance solutions - Client consultation |
| Liability Insurance | 12% | - Legal liability concepts - Personal liability coverages - Commercial general liability |
| Claims Handling | 8% | - Settlement and subrogation - Claim reporting process - Broker's role in claims |
| Automobile Insurance | 10% | - Provincial variations - Mandatory and optional coverages - Rating and policy issues |
| Property Insurance Wordings | 12% | - Coverages and exclusions - Common policy forms - Valuation methods |
In provinces with a graduated licensing system for intermediaries, what must the licensee achieve in order to write the next level of examination?
Correct Answer: A 🗳️
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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?
Correct Answer: B 🗳️
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What aspect of communication involves parties interpreting verbal and non-verbal cues?
Correct Answer: C 🗳️
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Marsha, a broker, receives a call from a frustrated client regarding their increasing premium. How should she explain the increase to the client?
Correct Answer: C 🗳️
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Which statement describes the reimbursement of voluntary medical payments under a personal liability policy?
Correct Answer: C 🗳️
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