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Last Updated: Oct 29, 2026

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IIC C11 Practice Q&A's

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IIC C11 Exam Syllabus Topics:

SectionWeightObjectives
Automobile Insurance15-20%- Personal Automobile Coverage
- Commercial Automobile Coverage
- Mandatory Coverage Requirements
Risk and Insurance15-20%- Nature of Risk
- Risk Management Process
- Risk Identification and Measurement
- Insurable Risk
Insurance Industry Overview10-15%- Claims Handling
- Insurance Market Structure
- Regulation and Legislation
Property Insurance15-20%- Property Coverage Forms
- Valuation and Coinsurance
- Policy Conditions and Exclusions
Insurance Operations and Contracts20-25%- Insurance Contract Basics
- Fundamental Principles of Insurance
- Policy Structure and Interpretation
- Underwriting Process
Liability Insurance15-20%- Commercial General Liability (CGL)
- Professional Liability
- General Liability Concepts

IIC Principles and Practice of Insurance Sample Questions:

Question #1

A commercial brokerage failed to advise the insurer of a client's modified risk. The insurer discovered this only at the time of a major loss and denied the claim due to material change. How will the client MOST LIKELY proceed?

  • A. Take legal action against the insurer, stating the insurer knew the full risk
  • B. Pay for the loss, and oblige the brokerage to reimburse the deductible
  • C. Pay for the loss, and cancel the policy backdated to before the loss
  • D. Take legal action against the brokerage, stating it had a contractual responsibility to disclose the material change
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Patrice works as a broker meeting a new client. He is building rapport by performing similar actions to those of his client. Which form of in-person communication is he engaging in?

  • A. Transparency
  • B. Copycatting
  • C. Mirroring
  • D. Open listening
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Correct Answer: C  🗳️

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Question #3

What is needed to change older statutes that tend to be all-inclusive statements of law on a particular subject?

  • A. Approval from the Supreme Court of Canada
  • B. Vote by the populace
  • C. Bill presented by a member of the congress
  • D. Act of legislature
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Correct Answer: D  🗳️

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Question #4

[Insurance Companies - Reinsurance (Non-Proportional / Excess of Loss)] Cover It Insurance has a non-proportional reinsurance agreement with ZYX-Reinsurance:
$600,000 excess of $300,000.
Which payout is accurate?

  • A. On a $200,000 loss, Cover It pays $100,000 and ZYX pays $100,000
  • B. On a $900,000 loss, Cover It pays $200,000 and ZYX pays $600,000
  • C. On a $600,000 loss, Cover It pays $300,000 and ZYX pays $300,000
  • D. On a $100,000 loss, Cover It pays $33,333 and ZYX pays $66,667
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Correct Answer: C  🗳️

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Question #5

Antonio lights a firecracker and throws it to Brett. Brett tosses it to Sandra. Sandra catches it and throws it to Celina. It explodes in Celina's hands, injuring her. Who is the immediate cause of the loss?

  • A. Sandra
  • B. Antonio and Brett
  • C. Brett
  • D. Celina and Antonio
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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