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IIC C130 Exam Syllabus Topics:

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

1. Briefly discuss the liability exposures that arise from the ownership of animals.

2. In insurance sales terminology, what is a lead?

A) A broker who aims to meet their clients' needs with products
B) A member of a group of potential clients that fits the profile that has been determined as the marketing target
C) An insurer with an underwriting policy that most closely aligns with a broker's requirements
D) A segment of existing clients who have similar insurance coverage needs

3. Which type of adjuster processes a large volume of claims that do not require inspecting property damage or visiting the loss location?

A) Telephone adjuster
B) Remote adjuster
C) Account adjuster
D) Service adjuster

4. When does a minimum retained premium apply to a policy?

A) When the policy has been voided for misrepresentation
B) When the insurer cancels the policy at any time
C) When the insured cancels the policy midterm
D) When the insured moves the policy at renewal to another insurer

5. What should the intermediary do if the person reporting the claim is not named on the insurance policy?

A) Send the client a statement of claim
B) Ask the insurer to add the interested party as an additional insured
C) Attempt to discuss the matter with the client
D) Contact the police

Solutions: