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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Property Insurance Wordings | 12% | - Common policy forms - Coverages and exclusions - Valuation methods |
| Topic 2: Property Insurance Exposures | 10% | - Personal property risks - Small commercial property risks - Exposures and perils |
| Topic 3: The Application Process | 10% | - Completing applications - Duty of disclosure - Underwriting considerations |
| Topic 4: Sales and Client Needs | 10% | - Client consultation - Risk identification - Insurance solutions |
| Topic 5: Liability Insurance | 12% | - Personal liability coverages - Commercial general liability - Legal liability concepts |
| Topic 6: Insurance and the Intermediary | 10% | - Legal duties and ethics - Roles of brokers and agents - Licensing and regulation |
| Topic 7: Claims Handling | 8% | - Settlement and subrogation - Claim reporting process - Broker's role in claims |
| Topic 8: Communication and Service Skills | 8% | - Client communication - Policy changes and endorsements - Record keeping |
| Topic 9: Automobile Insurance | 10% | - Provincial variations - Rating and policy issues - Mandatory and optional coverages |
| Topic 10: From Quote to Policy | 10% | - Policy issuance and delivery - Quotation and binding authority - Policy structure and components |
Which item would be insured under a personal articles floater?
Correct Answer: C 🗳️
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Which document releases the insurer from further obligations for a loss after payment is made?
Correct Answer: C 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
What is included in an experience letter from an insurer or broker?
Correct Answer: D 🗳️
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What type of automobile insurance endorsement provides coverage for physical damage to a rented vehicle for which the insured has assumed responsibility under contract?
Correct Answer: B 🗳️
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Miro's vehicle and Stephanie's vehicle collide with each other in New Brunswick. Neither of them has loss or damage coverage, also known as collision coverage. The chart shows the physical damage and assigned fault.
How would the payment be apportioned?
Driver | Physical Damage | Fault Percent
Miro | $4,000 | 50%
Stephanie | $2,000 | 50%
Correct Answer: B 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
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