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C11 Practice Questions
Principles and Practice of Insurance
Last Update 2 days ago
Total Questions : 100
Dive into our fully updated and stable C11 practice test platform, featuring all the latest Chartered Insurance Professional (CIP) exam questions added this week. Our preparation tool is more than just a IIC study aid; it's a strategic advantage.
Our free Chartered Insurance Professional (CIP) practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about C11. Use this test to pinpoint which areas you need to focus your study on.
[Claims]
Ivana is in an auto accident. The agreed market value of her vehicle is$17,000.
Her policy deductible is$1,500.
A wrecking company offers$3,000for the salvage.
Ivana chooses tokeep the salvage.
What amount will Ivana receive?
[Insurance as a Contract: The Insurance Policy]
What are the four requirements of a binding contract under the Civil Code of Quebec?
[Insurance Documents and Processes]
Usually, what must an insurance intermediary do before using the personal information of a client for a purpose other than that for which the information was originally collected?
[Insurance as a Contract: The Insurance Policy]
What is stated in the insuring agreements of a policy?
Which principle of insurance requires that an insured must have a financial interest in the subject matter of insurance at the time of loss?
[Regulatory Framework / Automobile Insurance]
What is the name of the pooling agreement where all high-risk drivers are underwritten in a common pool?
[Underwriting – Rates, Hazards, Perils]
What is the effect of perils and hazards on insurance rates for the underwriter?
[Sales and Distribution of Insurance]
Why would a policyholder use an intermediary?
[Introduction to Risk and Insurance – Perils & Loss Types]
What best describes a direct loss?
