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IIC C11 Exam Syllabus Topics:

IIC Principles and Practice of Insurance Sample Questions:

1. MacMan Inc. employs several salespersons who travel throughout Canada with samples of its products.
Which type of coverage does MacMan Inc. require to protect its samples while in the salespersons' possession?

A) Commercial Property Floater
B) Personal Property Floater
C) Aviation Insurance
D) Accident Insurance

2. What does the acronymPIPEDAstand for?

A) Protect Insurance Products by Electronic Decoding Algorithms
B) Personal Insurance Products Electronically Delivered Act
C) Private Information Protected from Email Decoding Attacks
D) Personal Information Protection and Electronic Documents Act

3. Why does the Office of the Superintendent of Financial Institutions (OSFI) control the types of investments insurers are allowed to make?

A) To maximize insurers' returns on investments
B) To minimize insurers' investment loss exposures
C) To minimize industry indemnifications
D) To maximize industry profits

4. What is stated in the insuring agreements of a policy?

A) Premium
B) Description of the property covered
C) Signature clause
D) Lienholder

5. Which legal term describes the time in which a claim may be brought by the policyholder?

A) Waiver
B) Non-waiver
C) Release
D) Prescription

Solutions: