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IIC Updated C131 Exam Questions and Answers by maverick

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IIC C131 Exam Overview :

Exam Name: Advanced Skills for the Insurance Broker and Agent
Exam Code: C131 Dumps
Vendor: IIC Certification: Chartered Insurance Professional (CIP)
Questions: 77 Q&A's Shared By: maverick
Question 16

Peter, a broker, has been approached by a new client, Western Grocers Inc., an import-export company that distributes wholesale meats and seafood. The company has a main operating warehouse where a wide variety of products are stored. The company’s president is concerned that the property insurance premiums are too high. She wants to remove the equipment breakdown coverage from the policy to save money. Discuss the information Peter would provide to the president regarding the need for an equipment breakdown insurance policy.

Options:

Discussion
Question 17

Alberta Trucking Company frequently transports material back and forth from Canada to the United States. It employs over forty truckers, who, upon hiring, have criminal and reference checks completed. A trucker, transporting general freight, has recently been stopped at the border by a United States customs agent, who refuses to let him through. What is the likely reason for the custom agent’s refusal?

Options:

A.

The trucker did not register for an International driver's licence.

B.

The trucking company did not follow the guidelines when arranging the filing.

C.

The truck is not displaying the trucker's medical or criminal check certificates.

D.

The truck is not insured for the minimum $200,000 limit required in the United States.

Discussion
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Question 18

Charlotte, a broker, is meeting a potential client in person, and hopes to close the new business account. The potential client is a contractor, a line of work which Charlotte also has past experience in.

a) Explain how Charlotte can present herself professionally in the meeting to establish credibility with the client.

b) Explain the value of establishing credibility with the client and the value Charlotte brings to the interaction.

Options:

Discussion
Question 19

An individual who uses public transit rather than buying a car is managing their risk using which risk management technique?

Options:

A.

Avoiding risk

B.

Separating risk

C.

Retaining risk

D.

Transferring risk

Discussion
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