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C131 Advanced Skills for the Insurance Broker and Agent is now Stable and With Pass Result | Test Your Knowledge for Free

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C131 Practice Questions

Advanced Skills for the Insurance Broker and Agent

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Total Questions : 77

Dive into our fully updated and stable C131 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 C131. Use this test to pinpoint which areas you need to focus your study on.

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Question # 21

The senior manager of XYZ Trucking Company has received her company's automobile renewal policy, and considers the premium excessive. She asks her broker what exposures are covered under the policy. What will her broker make her aware of?

Options:

A.  

The non-owned exposure could include XYZ's own trucks.

B.  

The owned exposure includes rented vehicles that replace any of XYZ's vehicles.

C.  

There could be a non-owned exposure if XYZ's employees use their own vehicles for company business.

D.  

There could be an owned exposure if the directors and officers use their personal vehicles to attend trade shows.

Discussion 0
Question # 22

A broker binds a property policy for a future date, and follows up for documentation. While reviewing documents the client sent, it is discovered that the property is actually used as a rooming house, and not a family home. Why does underwriting instruct that the policy be cancelled?

Options:

A.  

The broker did not complete an in-person home inspection.

B.  

The insurer already has too many rooming houses in their book of business.

C.  

The policy cannot be bound without proof of how the home is used.

D.  

The use of the home is a material fact that the client should have disclosed.

Discussion 0
Question # 23

Why is bylaws insurance used?

Options:

A.  

To cover vacant lots

B.  

To protect wooded lots in the country

C.  

To cover projects that can take years to complete

D.  

To protect new buildings that comply with the latest building codes

Discussion 0
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