Real IIC C131 practice exam questions for easy pass!
Updated: Aug 15, 2026
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| Certification Vendor: | Insurance Institute of Canada |
| Exam Name: | C131 – Advanced Skills for the Insurance Broker and Agent |
| Exam Number: | C131 |
| Related Certifications: | C11 – Principles and Practice of Insurance C12 – General Insurance Essentials |
| Exam Format: | Multiple Choice, Case-based Questions |
| Available Languages: | English, French |
| Recommended Training: | Insurance Institute of Canada Learning Resources |
| Exam Registration: | Insurance Institute of Canada Exam Registration |
| Sample Questions: | IIC C131 Sample Questions |
| Exam Way: | Computer-based exam delivered through authorized testing or proctoring system. |
| Pre Condition: | Recommended completion of foundational insurance courses such as C11 or equivalent experience in general insurance. |
| Official Syllabus URL: | https://www.insuranceinstitute.ca |
| Section | Objectives |
|---|---|
| Topic 1: Claims and Loss Handling | - Claims processes and documentation - Loss adjustment principles |
| Topic 2: Risk and Insurance Fundamentals | - Insurance principles and coverage types - Risk identification and assessment |
| Topic 3: Regulatory and Legal Environment | - Insurance regulations in Canada - Compliance and consumer protection |
| Topic 4: Underwriting and Policy Management | - Underwriting guidelines and decision-making - Policy administration and endorsements |
| Topic 5: Insurance Brokerage Practice | - Professional ethics and conduct - Broker roles and responsibilities - Client relationship management |
1. By conducting online research of a risk's profile and website, and asking about supplies, machinery, and manufacturing process used, which liability exposure of the risk is being assessed?
A) Premises
B) Contractual
C) Professional
D) Current
2. A commercial insurance agent receives a request for commercial automobile insurance from a client who transports radioactive materials. When reviewing the Autoplus report, the agent notices that the client frequently changes insurance providers, but there is no gap in insurance and the client only has minor claims in their history. What will the agent likely do, and why?
A) Decline the risk, as it will not be profitable
B) Decline the risk, as the motor vehicle record should have been included with the application
C) Accept the risk with no deductible, as this will offset the risk's loss ratio
D) Accept the risk, as the agent's insurer writes the business
3. What is governed by the Personal Information Protection and Electronic Documents Act (PIPEDA)?
A) The use of corporate governance information
B) The types of software that can be used in data mining
C) The consent requirement when a prospective employer is asking the candidate for a list of references and previous work history
D) The consent requirement when the insurer requests an applicant's motor vehicle record
4. A broker is trying to convince his large accountancy client to purchase cyber risk insurance. The firm's CEO believes the controls in place managed by a third-party information technology provider are sufficient. The broker provides the CEO with a list of claims that will only be covered if cyber risk insurance is carried.
Which type of claim appears on that list?
A) Online extortion
B) Computer fraud
C) Crisis-management services due to theft of securities
D) Business interruption due to data breach
5. A group of stockholders is bringing a class action lawsuit, stating that the finances of the corporation in which they hold stock are being mismanaged. Which policy would likely respond to such a lawsuit?
A) Directors and officers liability
B) Shareholders equity liability
C) Fiduciary obligation
D) Employee dishonesty
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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