[Sep-2026] IIC C131 Dumps – Reduce Your Chance of Failure in C131 Exam [Q46-Q61]

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[Sep-2026] IIC C131 Dumps – Reduce Your Chance of Failure in C131 Exam

To help you achieve your ultimate goal, we suggest the actual IIC C131 dumps for your Advanced Skills for the Insurance Broker and Agent exam preparation to use as your guideline.

NEW QUESTION 46
How do privacy laws impact brokers?

Implied permission is given when a potential client asks for a quote.

Provincial privacy legislation follows the same rules and regulations as federal privacy legislation.

Brokers may be held accountable for third parties’ duty to provide appropriate privacy protection to clients.

Third parties must submit notarized written requests for the broker to release the insured’s claims information.

NEW QUESTION 47
In the absence of specific expertise in construction, which party will generally arrange a wrap-up liability policy?

General contractor

Subcontractor

Party in control of the land

Party in control of the project

NEW QUESTION 48
An individual who uses public transit rather than buying a car is managing their risk using which risk management technique?

Avoiding risk

Separating risk

Retaining risk

Transferring risk

NEW QUESTION 49
Annette, a new broker, is completing a wrap-up liability insurance application for a condominium development. Before finalizing the application, she asks a coworker to review it. Her coworker advises Annette that she has missed an important detail. What detail did Annette likely miss?

The architect needs to be named as the primary insured on the policy.

The application must include information about the construction of the parking garage.

The project owner must provide evidence of separate liability coverage to qualify for the policy.

The application needs to list all condominium developments currently under construction by the general contractor.

NEW QUESTION 50
The senior manager of XYZ Trucking Company has received her company’s automobile renewal policy, and considers the premium excessive. She asks her broker what exposures are covered under the policy. What will her broker make her aware of?

The non-owned exposure could include XYZ’s own trucks.

The owned exposure includes rented vehicles that replace any of XYZ’s vehicles.

There could be a non-owned exposure if XYZ’s employees use their own vehicles for company business.

There could be an owned exposure if the directors and officers use their personal vehicles to attend trade shows.

NEW QUESTION 51
A broker is using their prior market knowledge to place a risk with an insurer who accepts luxury log cabins.
Which insurer aspect is the broker considering?

Risk appetite

Risk management

Risk avoidance

Risk tolerance

NEW QUESTION 52
Which exclusion on the contractors’ equipment floater applies to loss or damage caused by breaking through ice or sinking in soft ground?

Territory exclusion

Muskeg exclusion

Sinkhole exclusion

Overloading exclusion

NEW QUESTION 53
How can a broker without binding or settlement authority assist a client who has suffered a loss and is making an insurance claim?

Determine the amount of the claim payment

Verify if the client has coverage for the loss and then pay the claim

Direct the insurance adjuster in carrying out the investigation of the loss

Suggest the client assemble receipts and other documents to prove the loss

NEW QUESTION 54
Which party is the beneficiary under a surety bond?

Surety

Insurer

Obligee

Principal

NEW QUESTION 55
How is a party treated when added to a liability policy as an additional named insured?

Named loss payees have more rights than the named insured.

The certificate holder receives the same protections under the policy as named insureds.

Additional named insureds can be amended by the broker without the need to inform the insurer.

Both the names of the corporation and the individual insured must be listed on the declarations page.

NEW QUESTION 56
The owner of a successful chain of spas wants to ensure her liability coverage is adequate. She has read about several lawsuits regarding slip and falls within spas, and she has been fielding questions via social media about health and safety practices from her clients. Her broker advises she has a broad umbrella policy over and above her primary policy. What coverage does the umbrella policy include?

Advertising liability

Money and securities

Workers’ compensation

Accidental death and dismemberment

NEW QUESTION 57
Which phrase will best help an intermediary close a sale, after presenting the proposal to a client?

“Do you have any objections?”

“Which day would you like the payment plan to start?”

“Would you like to insure with our company?”

“How does our proposal compare to your current coverage?”

NEW QUESTION 58
What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?

Garage liability

Architect’s liability

Commercial general liability (CGL)

Directors and officers liability (D & O)

NEW QUESTION 59
Derek arranges hard-to-place insurance for contractors with specialized equipment. In addition to the condition of the equipment, what can Derek determine about the risk by examining photographs?

Moral hazard, if there are poor maintenance habits

Product information, which is always better than an inventory list

Proprietary information, which is not always included with an application

Physical hazard, if the client does not have the latest equipment upgrades

NEW QUESTION 60
Which peril is commonly excluded under the commercial property broad form (CPBF)?

Riot

Pollution

Leakage from fire suppression systems

Explosion of natural or manufactured gas

NEW QUESTION 61
What is a disadvantage of a broker using one-way communication with clients?

Time consuming

Client may not read the communication

Too costly

Lack of generalization for clients

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[Sep-2026] IIC C131 Dumps – Reduce Your Chance of Failure in C131 Exam [Q46-Q61]

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