IIC C131 exam : Advanced Skills for the Insurance Broker and Agent

C131 Exam Simulator
  • Exam Code: C131
  • Exam Name: Advanced Skills for the Insurance Broker and Agent
  • Updated: Jul 03, 2026
  • Q & A: 79 Questions and Answers

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Chartered Insurance Professional (CIP) C131 exam certification is an incredibly strong skill set that everyone from small business to enterprise organizations require. There is no downside to any of the C131 exam accreditations. Recently, the Chartered Insurance Professional (CIP) C131 exam certification is one of the smartest accreditations an IT engineer chase. Passing the C131 exam test provides candidates with an opportunity to demonstrate proficiency with specific technologies. Add this line (C131 Advanced Skills for the Insurance Broker and Agent certification) to your resume, and you may find a better job with high salary.

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

1. In risk management, how can a risk be transferred?

A) By using contracts
B) By eliminating the risk
C) By reducing the risk through loss prevention
D) By self-insuring


2. A broker is emailed by a prospect looking to cover his three stores that do not hold title to any goods, and can never be held contractually responsible for those goods. What type of stores are these?

A) Bailor
B) Consignment
C) Manufacturing
D) Freight forwarding


3. The owner of a successful chain of spas wants to ensure her liability coverage is adequate. She has read about several lawsuits regarding slip and falls within spas, and she has been fielding questions via social media about health and safety practices from her clients. Her broker advises she has a broad umbrella policy over and above her primary policy. What coverage does the umbrella policy include?

A) Money and securities
B) Workers' compensation
C) Accidental death and dismemberment
D) Advertising liability


4. What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?

A) Garage liability
B) Commercial general liability (CGL)
C) Directors and officers liability (D & O)
D) Architect's liability


5. 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) Suggest the client replace the roofs in exchange for removal of the exclusion
C) Debate the underwriting department to prove the roofs are in good condition
D) Recommend the client find insurance elsewhere


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: B

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