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IIC C11 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Property Insurance | 15-20% | - Valuation and Coinsurance - Property Coverage Forms - Policy Conditions and Exclusions |
| Liability Insurance | 15-20% | - Professional Liability - Commercial General Liability (CGL) - General Liability Concepts |
| Automobile Insurance | 15-20% | - Commercial Automobile Coverage - Mandatory Coverage Requirements - Personal Automobile Coverage |
| Insurance Operations and Contracts | 20-25% | - Fundamental Principles of Insurance - Underwriting Process - Policy Structure and Interpretation - Insurance Contract Basics |
| Risk and Insurance | 15-20% | - Insurable Risk - Risk Management Process - Nature of Risk - Risk Identification and Measurement |
| Insurance Industry Overview | 10-15% | - Insurance Market Structure - Claims Handling - Regulation and Legislation |
IIC Principles and Practice of Insurance Sample Questions:
Question 1
A person applies for fire insurance on their house but fails to mention that in winter they leave the house unoccupied for two months while vacationing. What is this an example of?
A. Negligence
B. Discharge of contract
C. Breach of warranty
D. Non-disclosure
Question 2
If a dispute arises between the insurer and insured over a claim, which party is responsible for satisfying the courts that a concealment of material facts has occurred?
A. Insurer
B. Broker
C. Insured
D. Third party
Question 3
What is stated in the insuring agreements of a policy?
A. Signature clause
B. Premium
C. Description of the property covered
D. Lienholder
Question 4
Orianna is an insurance professional who acts on behalf of the insurerandthe insured. She owns her client list and is paid commission once policies are arranged. What is her profession?
A. Underwriter
B. Exclusive agent
C. Independent adjuster
D. Broker
Question 5
What does the Institute for Catastrophic Loss Reduction (ICLR) encourage?
A. The development of mandatory evacuation procedures in the event of any moderate weather changes
B. The understanding of weather patterns to aid all citizens in predicting weather
C. The building of resilient communities through cost-effective techniques that enable structures to withstand severe weather or earthquakes
D. The pooling of funds by all members of society to deal with the predicted cost of a large-scale natural disaster
Solutions:
| Question 1 Answer: D | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: C |






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