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IIC C130 Valid Braindumps - Essential Skills for the Insurance Broker and Agent

C130
  • Exam Code: C130
  • Exam Name: Essential Skills for the Insurance Broker and Agent
  • Updated: Jul 03, 2026
  • Q & A: 79 Questions and Answers
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Free Download Latest C130 Exam Tests

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

1. Michelle is a new agent who would like to protect herself against possible errors and omissions claims. What should Michelle practice in her interactions with clients and insurers?

A) Use close-ended questions with clients at all times
B) Offer advice to clients if she thinks it is beneficial, even if it is outside her area of expertise
C) Recommend that clients consult with experts outside the insurance field if a situation calls for it
D) Ensure all communication with clients and insurers is done face-to-face


2. What is an agent's consideration when assessing a potential client and the client's attitude towards risk?

A) People's habits are unrelated to their level of risk.
B) Clients who lead riskier lives are good sources of profit for insurance brokers.
C) People have the same acceptance of risk.
D) Availability of insurance coverage may be affected by the client's lifestyle.


3. An underwriter receives a submission for a restaurant. The base rate is $0.80 per $100. Due to the client's loss history, the underwriter decides on a $0.15 loading. What premium would the underwriter charge for a building valuation of $200,000?

A) $1,300
B) $1,900
C) $1,750
D) $1,600


4. 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 amount insured was 100 percent of the replacement cost at last valuation.
B) The increased cost of replacement was due to a change in the potential occupancy of the building.
C) The amount of insurance under the policy was 85 percent of the replacement cost at last valuation.
D) The insured notified the insurer 115 days after the building improvements have been completed.


5. What type of insurance policy would a life lease holder require?

A) Personal liability package
B) Condominium insurance
C) Tenants package insurance
D) Mobile home and liability policy


Solutions:

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

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