C131 exam dumps

IIC C131 Value Package

(Include: PDF + Desktop Test Engine + Online Test Engine)

  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • No. of Questions: 79 Questions and Answers
  • Updated: Oct 11, 2026

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IIC C131 Exam Overview:

Certification Vendor:Insurance Institute of Canada
Exam Name:C131 – Advanced Skills for the Insurance Broker and Agent
Exam Number:C131
Exam Format:Case-based Questions, Multiple Choice
Available Languages:English, French
Related Certifications:C12 – General Insurance Essentials
C11 – Principles and Practice of Insurance
Recommended Training:Insurance Institute of Canada Learning Resources
Exam Registration:Insurance Institute of Canada Exam Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based exam delivered through authorized testing or proctoring system.
Pre Condition:Recommended completion of foundational insurance courses such as C11 or equivalent experience in general insurance.
Official Syllabus URL:https://www.insuranceinstitute.ca

IIC C131 Exam Syllabus Topics:

SectionObjectives
Topic 1: Regulatory and Legal Environment- Compliance and consumer protection
- Insurance regulations in Canada
Topic 2: Insurance Brokerage Practice- Professional ethics and conduct
- Client relationship management
- Broker roles and responsibilities
Topic 3: Risk and Insurance Fundamentals- Risk identification and assessment
- Insurance principles and coverage types
Topic 4: Claims and Loss Handling- Loss adjustment principles
- Claims processes and documentation
Topic 5: Underwriting and Policy Management- Policy administration and endorsements
- Underwriting guidelines and decision-making

What to Know About the C131 Exam and Our Services

The IIC Advanced Skills for the Insurance Broker and Agent blueprint centers on these domains:

  • Claims and Loss Handling
  • Underwriting and Policy Management
  • Risk and Insurance Fundamentals

Further domains complete the official outline — the question bank covers every one.

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IIC states the following prerequisites for the IIC Advanced Skills for the Insurance Broker and Agent: Recommended completion of foundational insurance courses such as C11 or equivalent experience in general insurance..

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IIC Advanced Skills for the Insurance Broker and Agent Sample Questions:

What is the intent of a cross liability clause found in a commercial general liability (CGL) policy?

  • A. Compound the limits of liability by providing the limit of coverage for each named insured
  • B. Prevent one insured from bringing an action against another named insured
  • C. Insure under a trading style which is always a legal entity
  • D. Provide coverage as if each named insured had a separate policy
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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In risk management, how can a risk be transferred?

  • A. By eliminating the risk
  • B. By self-insuring
  • C. By reducing the risk through loss prevention
  • D. By using contracts
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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How can world events, such as climate change and flood, affect insurance?

  • A. Deductibles need to be removed from policies.
  • B. Excess levels will become mandatory.
  • C. Premiums will become less expensive.
  • D. Insurers need to modify their terms.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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What does the permissions clause in a building insurance policy allow the insured to do?

  • A. Use the property for purposes other than those stated on the policy
  • B. Clean up debris from a loss prior to advising the insurer
  • C. Proceed with additions, alterations, or repairs, without having to inform the insurer in advance
  • D. Move undamaged property to a secure site to prevent further damage after a loss
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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What does pure risk entail?

  • A. Only gain
  • B. Chance of profit without loss
  • C. Either gain or loss
  • D. Chance of loss without gain
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for PrepAwayETE members. You can sign-up / login (it's free).

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