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IIC C130 Exam Overview:
| Certification Vendor: | Insurance Institute of Canada (IIC) |
|---|---|
| Exam Name: | Essential Skills for the Insurance Broker and Agent |
| Exam Number: | C130 |
| Related Certifications: | General Insurance Agent/Broker Licence FCIP |
| Real Exam Qty: | 100 |
| Available Languages: | English, French |
| Exam Duration: | 120 minutes |
| Exam Price: | CAD $360 |
| Exam Format: | Multiple Choice, Scenario-Based, Computer-Based |
| Passing Score: | 60% |
| Certificate Validity Period: | Exam results valid for 12 months for licensing application |
| Recommended Training: | IIC C130 Course & Study Materials |
| Exam Registration: | Insurance Institute of Canada Registration |
| Sample Questions: |  |
| Exam Way: | Virtually proctored online or in-person at authorized centres |
| Pre Condition: | Recommended prior study: C11 Principles and Practice of Insurance, C12 Insurance on Property, C13 Insurance Against Liability Part 1, C14 Automobile Insurance Part 1 |
| Official Syllabus URL: | https://www.insuranceinstitute.ca/en/CIP-FCIP-Designations/CIP/Program-Courses/Course-Details.aspx/?courseId=62&program=CIP |
IIC C130 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Insurance and the Intermediary | 10% | - Licensing and regulation - Legal duties and ethics - Roles of brokers and agents |
| Property Insurance Wordings | 12% | - Valuation methods - Common policy forms - Coverages and exclusions |
| Property Insurance Exposures | 10% | - Personal property risks - Small commercial property risks - Exposures and perils |
| The Application Process | 10% | - Completing applications - Duty of disclosure - Underwriting considerations |
| Claims Handling | 8% | - Claim reporting process - Broker's role in claims - Settlement and subrogation |
| Liability Insurance | 12% | - Commercial general liability - Personal liability coverages - Legal liability concepts |
| Communication and Service Skills | 8% | - Record keeping - Client communication - Policy changes and endorsements |
| From Quote to Policy | 10% | - Policy structure and components - Quotation and binding authority - Policy issuance and delivery |
| Sales and Client Needs | 10% | - Insurance solutions - Client consultation - Risk identification |
| Automobile Insurance | 10% | - Mandatory and optional coverages - Rating and policy issues - Provincial variations |
What to Know Before Buying IIC Essential Skills for the Insurance Broker and Agent
Insurance Institute of Canada Registration: register for C130
Recommended prior study: C11 Principles and Practice of Insurance, C12 Insurance on Property, C13 Insurance Against Liability Part 1, C14 Automobile Insurance Part 1
- Sales and Client Needs (10%)
- Communication and Service Skills (8%)
- Liability Insurance (12%)
Allocate study time in proportion to each topic's weight.
The C130 exam has 100 questions with a 120 minutes-minute time limit. Practicing under the same constraints on TestsDumps builds the pacing habits you will need on test day.
The PC engine installs on your computer and simulates the real exam scenario with timed tests and performance marking. The online engine runs in your browser, needs no installation, works on most devices, and is often the more stable option when you switch machines frequently.
IIC C130 Course & Study Materials: Visit official page
A passing result on C130 requires 60%, and the official exam fee is CAD $360. Knowing both numbers upfront helps you budget your study time and money realistically.
The package includes 79 practice questions for the C130 exam, covering the current IIC Essential Skills for the Insurance Broker and Agent objectives with verified answers.
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IIC Essential Skills for the Insurance Broker and Agent Sample Questions:
What is the role of insurance intermediaries under the law of agency?
- A. Issue policies on any risk agents deem insurable
- B. Balance dual responsibilities to the insurers and to the insureds
- C. Act as third parties in insurance contracts
- D. Confirm with the insurers that all exposures are covered
Correct Answer: B 🗳️
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What should be considered when adding the increased cost-demolition or construction endorsement to an insurance policy?
- A. The older the building, the more likely it is to deviate from current building codes.
- B. Municipal building codes often require that owners update their property every 10 years.
- C. It covers the requirement to bring existing structures up to code, even when the building remains unchanged.
- D. Since the entire building has to be demolished to bring it up to code after a loss, the coverage increases the amount of insurance.
Correct Answer: A 🗳️
Explanation: Only visible for TestsDumps members. You can sign-up / login (it's free).
What aspect of communication involves parties interpreting verbal and non-verbal cues?
- A. Building rapport
- B. Passive exchange
- C. Active listening
- D. Matching
Correct Answer: C 🗳️
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John, a broker, has binding authority for comprehensive homeowners policies up to $200,000. On Saturday morning, a potential client calls John and advises that she is at the lawyer's office signing the purchasing documents for a $500,000 home and requires comprehensive homeowners coverage immediately. What action should John take?
- A. Inspect the home and, if the risk is acceptable, issue a comprehensive homeowners policy with a limit of $500,000
- B. Provide coverage on a named-perils basis
- C. State that he will try to arrange coverage with the insurer on Monday morning
- D. Issue a cover note providing a comprehensive homeowners policy with a policy limit of $500,000
Correct Answer: C 🗳️
Explanation: Only visible for TestsDumps members. You can sign-up / login (it's free).
A tenant's negligence causes a fire in the dwelling they rent. Typically, who is initially responsible for paying the damage?
- A. The insurer that issued the homeowners policy
- B. The dwelling's owner who is responsible for the tenant's actions
- C. The tenant who negligently caused the fire
- D. The insurer that issued the tenant's legal liability policy
Correct Answer: A 🗳️
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