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Following are some reference material for actual IIC C11 exam test

IIC C11 Exam Syllabus Topics:

IIC Principles and Practice of Insurance Sample Questions:

1. What does the acronymPIPEDAstand for?

A) Personal Information Protection and Electronic Documents Act
B) Personal Insurance Products Electronically Delivered Act
C) Private Information Protected from Email Decoding Attacks
D) Protect Insurance Products by Electronic Decoding Algorithms

2. How would a moving and storage company benefit from purchasing insurance to cover customers' goods while in transit?

A) More capital for business ventures
B) Provides a feeling of security
C) Opportunity for more subscription policies
D) Greater acquisition potential

3. What does the term "subject of insurance" refer to?

A) The company providing the coverage
B) The perils associated with the risk
C) The type of wording applicable to the policy
D) The thing being insured

4. What is binding authority?

A) Agreement between an insurer and an insured regarding reinsurance
B) Equivalent to an insurers cover note
C) List of clients who the broker can contact for coverage
D) Permission to confirm coverage before submitting it to the insurer

5. Which factor could explain poorer performance of renewal clients as opposed to new business clients?

A) Reinsurance only being available on renewal policies
B) More strict underwriting criteria for renewal risks
C) New business clients limit claims in order to keep premiums low
D) An automated renewal process

Solutions: