IIC Advanced Skills for the Insurance Broker and Agent : C131

  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Aug 29, 2026
  • Q&As: 79 Questions and Answers

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IIC C131 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Monitoring and Modifying Risk Plans5%
Topic 2: Risk Management Principles15%- Analyzing Risk Exposures
- Developing Risk Management Plans
- Selecting Risk Management Techniques
Topic 3: Specialty Lines: Auto, Crime, and Surety Bonds10%
Topic 4: Introduction to Commercial Insurance10%
Topic 5: Commercial Liability Coverages15%- General Liability
- Errors and Omissions
Topic 6: Insuring Contractors & Construction Risks15%- Contractors' Exposures
- Builders Risk Insurance
Topic 7: Commercial Property Coverages15%- Business Interruption Insurance
- Policy Wordings and Clauses
Topic 8: Insuring Manufacturers & Distributors15%

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

Question 1

A broker is emailed by a prospect looking to cover his three stores that do not hold title to any goods, and can never be held contractually responsible for those goods. What type of stores are these?

A. Bailor
B. Consignment
C. Freight forwarding
D. Manufacturing


Question 2

The owner of a small bookstore arranges to have a reputable courier deliver an expensive set of antique encyclopedias to the store after it closes. The next morning, he notices several encyclopedias are missing from the set. He reports this situation to his broker, who advises that the loss will be covered under his commercial property broad form if he can provide which type of proof?

A. Declaration under oath confirming it was a fidelity loss
B. Sworn statement from the courier that the set was delivered in its entirety
C. Documented evidence showing the encyclopedias were in the owner's care, custody, and control
D. Evidence that the loss occurred as a result of mysterious disappearance


Question 3

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

A. Avoiding risk
B. Separating risk
C. Transferring risk
D. Retaining risk


Question 4

When a broker is focusing on a manufacturing facility's housekeeping regimen and safeguards for a prospect, what is he primarily trying to establish?

A. Whether the prospect is profitable
B. How large the facility is
C. How many expenses the facility has
D. Whether the prospect is a morale hazard


Question 5

How can world events, such as climate change and flood, affect insurance?

A. Deductibles need to be removed from policies.
B. Premiums will become less expensive.
C. Excess levels will become mandatory.
D. Insurers need to modify their terms.


Solutions:

Question 1
Answer: B
Question 2
Answer: B
Question 3
Answer: A
Question 4
Answer: D
Question 5
Answer: D

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