Pass your actual test at first attempt with IIC C131 training material
Updated: Aug 15, 2026
No. of Questions: 79 Questions & Answers with Testing Engine
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| Certification Vendor: | Insurance Institute of Canada (IIC) |
| Exam Name: | Advanced Skills for the Insurance Broker and Agent |
| Exam Number: | C131 |
| Real Exam Qty: | 100 |
| Exam Format: | Multiple-choice, Scenario-based questions, Computer-based |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Related Certifications: | CIP Level 2 Insurance Broker Licence |
| Certificate Validity Period: | 3 years |
| Exam Price: | CAD 250–320 (plus tax) |
| Recommended Training: | IIC E-Learning Portal C131 Official Study Materials |
| Exam Registration: | IIC Official Registration |
| Sample Questions: | IIC C131 Sample Questions |
| Exam Way: | Virtually proctored online or in-person at authorized test centres |
| Pre Condition: | Recommended completion of C130: Essential Skills for the Insurance Broker and Agent |
| Official Syllabus URL: | https://www.insuranceinstitute.ca/en/Courses/CIP/C131 |
| Section | Weight | Objectives |
|---|---|---|
| Monitoring and Modifying Risk Plans | 5% | |
| Risk Management Principles | 15% | - Selecting Risk Management Techniques - Analyzing Risk Exposures - Developing Risk Management Plans |
| Insuring Contractors & Construction Risks | 15% | - Contractors' Exposures - Builders Risk Insurance |
| Introduction to Commercial Insurance | 10% | |
| Commercial Property Coverages | 15% | - Business Interruption Insurance - Policy Wordings and Clauses |
| Specialty Lines: Auto, Crime, and Surety Bonds | 10% | |
| Insuring Manufacturers & Distributors | 15% | |
| Commercial Liability Coverages | 15% | - Errors and Omissions - General Liability |
1. How can a broker without binding or settlement authority assist a client who has suffered a loss and is making an insurance claim?
A) Suggest the client assemble receipts and other documents to prove the loss
B) Verify if the client has coverage for the loss and then pay the claim
C) Direct the insurance adjuster in carrying out the investigation of the loss
D) Determine the amount of the claim payment
2. What coverage is generally provided by an accounts receivable floater?
A) Loss arising out of maintaining duplicate records offsite
B) Loss arising out of credit card receipts being destroyed by fire
C) Loss arising out of bookkeeping errors
D) Loss arising as a result of bad debts
3. Davies Architect has opened two new offices in the last quarter. Its recent claims history includes a break-in at its head office a month ago and legal action against the firm due to a structural mistake made by the architect and engineer six months ago. The firm's insurance broker is reviewing its current insurance program, and the renewal date is in two months. Due to stable market conditions, there have been no recent changes made by insurers to policy wordings or pricing. The firm has been very cooperative with providing information. Briefly discuss how the broker would review the renewal for this architectural firm.
4. An insured who owns a factory had a major loss. A pressure vessel ruptured due to a faulty safety valve, causing water escape, that resulted in significant water damage. The insured is covered by two insurance policies. Which policy will cover this loss?
A) The insured's remediation policy will cover the loss.
B) The insured's CGL policy will pay the loss in full.
C) The insured's EBI policy will pay the loss in full.
D) The insured will select which policy to cover the loss.
5. Insurance premiums on automobile fleet policies are based on which factor?
A) Original purchase price of all vehicles in the fleet
B) Overall experience of all drivers
C) Mechanical condition of a vehicle from one particular fleet
D) Driving record of the individual drivers
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: Only visible for members | Question # 4 Answer: C | Question # 5 Answer: B |
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