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IIC C130 Test Passed : Essential Skills for the Insurance Broker and Agent

C130 actual test
  • Exam Code: C130
  • Exam Name: Essential Skills for the Insurance Broker and Agent
  • Updated: Aug 31, 2026
  • Q & A: 79 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

About IIC C130 Exam

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IIC C130 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Property Insurance Wordings12%- Common policy forms
- Coverages and exclusions
- Valuation methods
Topic 2: Sales and Client Needs10%- Risk identification
- Insurance solutions
- Client consultation
Topic 3: Property Insurance Exposures10%- Personal property risks
- Exposures and perils
- Small commercial property risks
Topic 4: Claims Handling8%- Settlement and subrogation
- Claim reporting process
- Broker's role in claims
Topic 5: Communication and Service Skills8%- Policy changes and endorsements
- Record keeping
- Client communication
Topic 6: Insurance and the Intermediary10%- Roles of brokers and agents
- Licensing and regulation
- Legal duties and ethics
Topic 7: Liability Insurance12%- Personal liability coverages
- Legal liability concepts
- Commercial general liability
Topic 8: From Quote to Policy10%- Quotation and binding authority
- Policy structure and components
- Policy issuance and delivery
Topic 9: Automobile Insurance10%- Mandatory and optional coverages
- Rating and policy issues
- Provincial variations
Topic 10: The Application Process10%- Duty of disclosure
- Completing applications
- Underwriting considerations

IIC Essential Skills for the Insurance Broker and Agent Sample Questions:

Question 1

What type of insurance policy would a life lease holder require?

A. Mobile home and liability policy
B. Condominium insurance
C. Personal liability package
D. Tenants package insurance


Question 2

What refers to one's ability to pay for any damage incurred as a result of the driver's actions or inaction?

A. Financial responsibility
B. No-fault insurance
C. Accident benefits
D. Uninsured motorist coverage


Question 3

a) Describe the characteristics and exposures of a seasonal dwelling.
b) Describe the characteristics of a mobile home.


Question 4

Briefly describe an exclusive agency company as a distribution channel that delivers insurance products to consumers.


Question 5

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

A. Adequate remuneration
B. Regulator sponsorship
C. Work experience
D. Election to the council


Solutions:

Question 1
Answer: D
Question 2
Answer: A
Question 3
Answer: Only visible for members
Question 4
Answer: Only visible for members
Question 5
Answer: C

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