최신 C130 무료덤프 - IIC Essential Skills for the Insurance Broker and Agent

문제1

When brokers are self-regulated, which body enacts the licensing laws?

A. Federal government only

B. Provincial or territorial government

C. Brokerage or agency in which the intermediary is employed

D. Insurance company with which the intermediary places the majority of business

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제2

Katherine is employed as an adjuster and has been assigned a large liability claim. The insured had two recent claims and Katherine suspects this claim might be staged. She sends the insured a non-waiver agreement allowing her to investigate the loss without accepting liability. If the insured refuses to sign the agreement, what would Katherine send next?

A. Liability admittance notice

B. Acceptance confirmation

C. Reservation of rights letter

D. Forfeiture agreement

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제3

An insurer issues a special clause on a property policy for a restaurant which denies coverage unless a sprinkler system is installed and active in the kitchen at the time of a fire loss. What type of clause has the insurer issued?

A. Condition

B. Exclusion

C. Requirement

D. Subscription

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제4

Insurance is based on the existence of which factor?

A. Risk

B. Tortfeasors

C. Absolute liability

D. Premium

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제5

It is critical that an intermediary is always mindful of privacy legislation during which method of sourcing clients?

A. Upselling

B. Walk-ins

C. Tracking of expiry dates

D. Online marketing

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제6

Miro's vehicle and Stephanie's vehicle collide with each other in New Brunswick. Neither of them has loss or damage coverage, also known as collision coverage. The chart shows the physical damage and assigned fault.
How would the payment be apportioned?
Driver | Physical Damage | Fault Percent
Miro | $4,000 | 50%
Stephanie | $2,000 | 50%

A. Miro can collect $2,000 from his insurer and $2,000 from Stephanie's insurer; Stephanie can collect
$1,000 from her insurer and $1,000 from Miro's insurer.

B. Miro can collect $2,000 from his insurer and $1,000 from Stephanie's insurer; Stephanie can collect
$1,000 from her insurer and $500 from Miro's insurer.

C. Miro can collect $2,000 from his insurer; Stephanie can collect $1,000 from her insurer.

D. Miro can collect $4,000 from his insurer; Stephanie can collect $2,000 from her insurer. Miro's insurer will subrogate against Stephanie's insurer for $2,000 and Stephanie's insurer will subrogate against Miro's insurer for $1,000.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제7

A building valued at $500,000 is insured under a homeowners policy with a guaranteed replacement cost provision. If the building suffers a total fire loss, under what circumstances would the insurer pay the full cost of rebuilding, even if it cost $725,000?

A. The increased cost of replacement was due to a change in the potential occupancy of the building.

B. The amount insured was 100 percent of the replacement cost at last valuation.

C. The insured notified the insurer 115 days after the building improvements have been completed.

D. The amount of insurance under the policy was 85 percent of the replacement cost at last valuation.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제8

Which is an example of an indirect loss?

A. Loss of income following a fire claim that closes a factory

B. Liability claim resulting from a slip and fall at a cinema

C. Water damage to an apartment when a frustrated tenant intentionally fails to turn off a tap

D. Arson at a retail store, initiated by an employee

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

최신 C130 무료덤프 - IIC Essential Skills for the Insurance Broker and Agent

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