Free IIC C131 Exam Dumps Questions & Answers

Which person would be hired by another contractor, because of her experience in a particular trade, to complete a portion of a larger project?

• A.  Consultant
• B.  Subcontractor
• C.  Inspector
• D.  Project manager

A broker is reviewing a quote against a submission for a client. The client owns several older rental housing units. Underwriting has agreed to the submission, with a roof exclusion on the older buildings. The client is happy with the premium cost, but not the exclusion. What should the broker do next?

• A.  Recommend the client find insurance elsewhere
• B.  Counsel the client to take the offer as is, since they like the price
• C.  Debate the underwriting department to prove the roofs are in good condition
• D.  Suggest the client replace the roofs in exchange for removal of the exclusion

What is a disadvantage of a broker using one-way communication with clients?

• A.  Lack of generalization for clients
• B.  Time consuming
• C.  Too costly
• D.  Client may not read the communication

Helen, an agent for a marine insurer, is reviewing the renewal policy of her freight forwarding account. The firm has just expanded its operations to include United States exposure. Helen advises that a modification will be needed on both the current policy term and the renewal policy term. What is her reasoning to perform changes on both terms?

• A.  As the firm has expanded its area of exposure, a new policy will be required, and the renewal policy must be rescinded.
• B.  If the firm has a claim in the United States, the insurer may deny coverage.
• C.  If the firm is importing and exporting American goods, the brokerage must attach a tariff disclaimer document to the policies.
• D.  As the firm did not advise the insurer in advance, the insurer can void coverage for misrepresentation.

Which clause is a refusal to accept liability for damages that might occur?

• A.  Disclaimer
• B.  Risk retainer
• C.  Hold harmless agreement
• D.  Indemnity provision