Technology has reshaped how we live and how we learn, and the C11 preparation at GuideTorrent reflects it: 103 practice questions for the C11 exam, three study formats including an offline-capable online version, and verified answers behind every item.
IIC C11 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Insurance Industry Overview | 10-15% | - Regulation and Legislation - Insurance Market Structure - Claims Handling |
| Insurance Operations and Contracts | 20-25% | - Insurance Contract Basics - Fundamental Principles of Insurance - Policy Structure and Interpretation - Underwriting Process |
| Liability Insurance | 15-20% | - General Liability Concepts - Professional Liability - Commercial General Liability (CGL) |
| Automobile Insurance | 15-20% | - Mandatory Coverage Requirements - Commercial Automobile Coverage - Personal Automobile Coverage |
| Risk and Insurance | 15-20% | - Insurable Risk - Risk Management Process - Nature of Risk - Risk Identification and Measurement |
| Property Insurance | 15-20% | - Valuation and Coinsurance - Policy Conditions and Exclusions - Property Coverage Forms |
IIC Principles and Practice of Insurance Materials That Go Where You Go
- Insurance Industry Overview (10-15%)
- Risk and Insurance (15-20%)
- Property Insurance (15-20%)
IIC Principles and Practice of Insurance Sample Questions:
The risk manager of an oil refinery is seeking ways to transfer the pollution risk of a new drilling method.
What is the best option?
- A. Transfer the risk using a surety bond
- B. Retain the risk
- C. Add the risk to the company's standard commercial property and liability policies
- D. Use a non-insurance loss-financing transfer agreement to insure the risk
Correct Answer: D 🗳️
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Tame Insurance Company recently decided to terminate its broker agreement with XYZ Insurance Brokers.
Which situation would likely have resulted in this termination?
- A. Tame Insurance Company provided quotes on all applications received from the broker
- B. Tame Insurance Company set a standard deductible for certain classes of business
- C. XYZ Insurance Brokers did not keep handled premiums in a trust account and instead used them to pay expenses
- D. XYZ Insurance Brokers did not remit commissions owed to the insurer immediately after issuing a policy
Correct Answer: C 🗳️
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How would a moving and storage company benefit from purchasing insurance to cover customers' goods while in transit?
- A. Opportunity for more subscription policies
- B. Greater acquisition potential
- C. More capital for business ventures
- D. Provides a feeling of security
Correct Answer: B 🗳️
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Which risk could be insured bychattel coverage?
- A. Errors and omissions for a lawyer's office
- B. A mobile home belonging to a family
- C. A half-court shot contest at a basketball game
- D. Trip cancellation for a honeymoon
Correct Answer: B 🗳️
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Which type of clause grants additional protection to the entity that has a registered interest on real property?
- A. Additional Interest clause
- B. Bailee clause
- C. Lienholder clause
- D. Mortgage clause
Correct Answer: D 🗳️
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