Free IIC C11 Exam Dumps Questions & Answers

Which peril of operating a business is insurable?

• A.  Product obsolescence
• B.  Under-capitalization
• C.  Mismanagement
• D.  Cybersecurity

What is the name of the pooling agreement where all high-risk drivers are underwritten in a common pool?

• A.  Substandard Group
• B.  High-risk Drivers of Canada
• C.  Facility Association
• D.  Underwriters Association

What is stated in the insuring agreements of a policy?

• A.  Signature clause
• B.  Lienholder
• C.  Premium
• D.  Description of the property covered

What is the Canadian Insurance Claims Managers Association (CICMA) responsible for?

• A.  Promoting a high standard of ethics in the handling of claims
• B.  Analyzing the damageability of vehicles and property
• C.  Monitoring claims to detect fraudulent valuations
• D.  Assessing automobile personal injury claims

Which statement best describes a valued contract?

• A.  The insured can reject settlement offers and force a higher payout
• B.  Settlements are based on a predetermined amount agreed upon at contract formation
• C.  Settlements involve periodic payments due to the nature of valuation
• D.  The policy pays the full cost of replacing items even if this amount exceeds policy limits