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Free Essential Skills for the Insurance Broker and Agent Practice Questions

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Exam style questions across every C130 domain

Last Update 3 days ago
Total Questions : 77

Start with our free C130 practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real Chartered Insurance Professional (CIP) exam. Each C130 exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your IIC weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 21

Prominently included on some property insurance policies is the statement “This policy contains a clause that may limit the amount payable.” What clause is being referred to?

Options:

A.  

Coinsurance clause

B.  

Stacked limits clause

C.  

Named exclusions clause

D.  

Deferred payment clause

Discussion 0
Question # 22

In provinces with a graduated licensing system for intermediaries, what must the licensee achieve in order to write the next level of examination?

Options:

A.  

Work experience

B.  

Election to the council

C.  

Regulator sponsorship

D.  

Adequate remuneration

Discussion 0
Question # 23

Which is an example of an indirect loss?

Options:

A.  

Arson at a retail store, initiated by an employee

B.  

Liability claim resulting from a slip and fall at a cinema

C.  

Loss of income following a fire claim that closes a factory

D.  

Water damage to an apartment when a frustrated tenant intentionally fails to turn off a tap

Discussion 0

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