Try IIC : C11 practice torrent pass for sure
Last Updated: Oct 29, 2026
No. of Questions: 103 Questions & Answers with Testing Engine
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Valid & updated C11 study torrent for sure pass
Choosing our C11 study torrent as your study guide means you choose a smart and fast way to get succeed in the certification exam.The IIC C11 real questions together with the verified answers will boost your confidence to solve the difficulty in the Principles and Practice of Insurance actual test and help you pass.
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IIC C11 Practice Q&A's
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IIC C11 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Property Insurance | 15-20% | - Valuation and Coinsurance - Policy Conditions and Exclusions - Property Coverage Forms |
| Topic 2: Risk and Insurance | 15-20% | - Nature of Risk - Risk Management Process - Risk Identification and Measurement - Insurable Risk |
| Topic 3: Automobile Insurance | 15-20% | - Commercial Automobile Coverage - Mandatory Coverage Requirements - Personal Automobile Coverage |
| Topic 4: Insurance Operations and Contracts | 20-25% | - Fundamental Principles of Insurance - Insurance Contract Basics - Underwriting Process - Policy Structure and Interpretation |
| Topic 5: Insurance Industry Overview | 10-15% | - Regulation and Legislation - Claims Handling - Insurance Market Structure |
| Topic 6: Liability Insurance | 15-20% | - Commercial General Liability (CGL) - Professional Liability - General Liability Concepts |
IIC Principles and Practice of Insurance Sample Questions:
In a non-proportional (excess of loss) reinsurance contract, the reinsurer agrees to pay the portion of any loss thatexceeds $80,000, up to an additional$100,000.
How much would the primary insurer pay for an insured loss of$60,000?
- A. $36,000
- B. $60,000
- C. $0
- D. $20,000
Correct Answer: B 🗳️
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What is the annual premium for a building insured for$500,000at a rate of$0.80 per $100?
- A. $800
- B. $4,000
- C. $2,500
- D. $6,250
Correct Answer: B 🗳️
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A person applies for fire insurance on their house but fails to mention that in winter they leave the house unoccupied for two months while vacationing. What is this an example of?
- A. Breach of warranty
- B. Negligence
- C. Non-disclosure
- D. Discharge of contract
Correct Answer: C 🗳️
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Which peril of operating a business is insurable?
- A. Under-capitalization
- B. Product obsolescence
- C. Mismanagement
- D. Cybersecurity
Correct Answer: D 🗳️
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Dominika's house sustains a fire resulting in a $500,000 total loss to the house and contents. Some pieces of furniture are salvageable and valued at $4,000 by the insurer. Dominika chooses to keep these items for her next home. Dominika's policy has a guaranteed replacement cost clause with a limit of $500,000 and a deductible of $1,000. What settlement amount will Dominika recover from the loss?
- A. $499,000
- B. $500,000
- C. $496,000
- D. $495,000
Correct Answer: D 🗳️
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