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IIC C11 Exam Syllabus Topics:

IIC Principles and Practice of Insurance Sample Questions:

Question 1

Whose signatures wouldusuallyappear on therisk's policy?

A. Denis and Cathy
B. Simone and Alan
C. Denis and Simone
D. Alan and Cathy

Question 2

Which role is directly employed by the Canadian property and casualty insurance industry?

A. Mechanic
B. Lawyer
C. Travel agent
D. Health professional

Question 3

Which statement best describes unearned premium?

A. The premium that covers the policy duration that has not yet passed
B. The earned premium that has been paid out as the broker's commission
C. The accumulated premium that has not been paid out against a loss
D. The premium that covers the policy period that has expired

Question 4

Which type of insurance company has the same capital structure as any other capital enterprise?

A. Co-operative company
B. Factory mutual company
C. Captive company
D. Stock company

Question 5

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

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

Solutions: