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IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:
1. Which peril is commonly excluded under the commercial property broad form (CPBF)?
A) Explosion of natural or manufactured gas
B) Leakage from fire suppression systems
C) Pollution
D) Riot
2. Which exclusion on the contractors' equipment floater applies to loss or damage caused by breaking through ice or sinking in soft ground?
A) Territory exclusion
B) Muskeg exclusion
C) Overloading exclusion
D) Sinkhole exclusion
3. How can world events, such as climate change and flood, affect insurance?
A) Premiums will become less expensive.
B) Excess levels will become mandatory.
C) Insurers need to modify their terms.
D) Deductibles need to be removed from policies.
4. A broker is reviewing a quote against a submission for a client. The client owns several older rental housing units. Underwriting has agreed to the submission, with a roof exclusion on the older buildings. The client is happy with the premium cost, but not the exclusion. What should the broker do next?
A) Counsel the client to take the offer as is, since they like the price
B) Debate the underwriting department to prove the roofs are in good condition
C) Recommend the client find insurance elsewhere
D) Suggest the client replace the roofs in exchange for removal of the exclusion
5. What is a disadvantage of a broker using one-way communication with clients?
A) Too costly
B) Lack of generalization for clients
C) Client may not read the communication
D) Time consuming
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C |



