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Chartered Insurance Professional (CIP) Advanced Skills for the Insurance Broker and Agent

Advanced Skills for the Insurance Broker and Agent

Last Update Jul 16, 2026
Total Questions : 77

To help you prepare for the C131 IIC exam, we are offering free C131 IIC exam questions. All you need to do is sign up, provide your details, and prepare with the free C131 practice questions. Once you have done that, you will have access to the entire pool of Advanced Skills for the Insurance Broker and Agent C131 test questions which will help you better prepare for the exam. Additionally, you can also find a range of Advanced Skills for the Insurance Broker and Agent resources online to help you better understand the topics covered on the exam, such as Advanced Skills for the Insurance Broker and Agent C131 video tutorials, blogs, study guides, and more. Additionally, you can also practice with realistic IIC C131 exam simulations and get feedback on your progress. Finally, you can also share your progress with friends and family and get encouragement and support from them.

Questions 2

A major automotive manufacturer is launching a line of electric vehicles. It intends to outsource the production of the vehicle batteries to a new supplier. The manufacturer's risk manager has requested that the supplier provide evidence of comprehensive vendor liability insurance, before the contract can be finalized. What is the likely reason for the request?

Options:

A.  

The manufacturer does not want to be held responsible for product liability claims.

B.  

The manufacturer wants to ensure that the supplier prioritizes its work over other manufacturers.

C.  

The manufacturer does not want to be held responsible for the supplier's contractual liability claims.

D.  

The manufacturer wants to be compensated in the event of the supplier's failure to perform the contract.

Discussion 0
Questions 3

What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?

Options:

A.  

Garage liability

B.  

Architect's liability

C.  

Commercial general liability (CGL)

D.  

Directors and officers liability (D & O)

Discussion 0
Questions 4

A manufacturer had multiple experiences of missing inventory and suspects an employee may be involved. Which coverage would a broker recommend for future occurrences?

Options:

A.  

Business interruption

B.  

3-D policy

C.  

Property coverage

D.  

Liability coverage

Discussion 0
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Questions 5

A company that owns several large coal mines is sent a letter of notification from its insurer, stating that policy coverage will be more restrictive going forward, particularly regarding pollution. Why would the coverage become more restrictive?

Options:

A.  

Changes in the law

B.  

Insurer competition

C.  

Decrease in remediation expenses

D.  

Reduction in mandatory arbitration

Discussion 0

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