IIC C11 : Principles and Practice of Insurance

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IIC C11 Exam Syllabus Topics:

IIC Principles and Practice of Insurance Sample Questions:

1. What type of wording is written on a custom basis for a specific situation?

A) Chattel
B) Treaty
C) Standard
D) Manuscript

2. Which is NOT one of the three types of knowledge an underwriter requires to be successful in their role?

A) Industry knowledge
B) Prescription knowledge
C) Claims knowledge
D) Insurance product knowledge

3. Patrice works as a broker meeting a new client. He is building rapport by performing similar actions to those of his client. Which form of in-person communication is he engaging in?

A) Copycatting
B) Transparency
C) Mirroring
D) Open listening

4. Which type of clause grants additional protection to the entity that has a registered interest on real property?

A) Bailee clause
B) Mortgage clause
C) Lienholder clause
D) Additional interest clause

5. Which type of clause grants additional protection to the entity that has a registered interest on real property?

A) Bailee clause
B) Mortgage clause
C) Lienholder clause
D) Additional Interest clause

Solutions: