Title: Free PDF 2026 IIC Valid C11: Principles and Practice of Insurance Pass Guide [Print This Page] Author: nathanw382 Time: 12 hour before Title: Free PDF 2026 IIC Valid C11: Principles and Practice of Insurance Pass Guide Work hard and practice with our IIC C11 dumps till you are confident to pass the IIC C11 exam. And that too with flying colors and achieving the IIC C11 Certification on the first attempt. You will identify both your strengths and shortcomings when you utilize C11 practice exam software (desktop and web-based).
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High-quality C11 Pass Guide & Leading Offer in Qualification Exams & Valid C11: Principles and Practice of InsuranceWe provide top quality verified IIC certifications preparation material for all the C11 exams. Our C11 certified experts have curated questions and answers that will be asked in the real exam, and we provide money back guarantee on CramPDF IIC preparation material. Moreover, we also offer C11 practice software that will help you assess your skills before real C11 exams. Here is exclusive IIC bundle deal, you can get all C11 exam brain dumps now at discounted price. IIC Principles and Practice of Insurance Sample Questions (Q93-Q98):NEW QUESTION # 93
Who has authority from a company to manage that company's business within their territory, to appoint other agents, and to settle claims?
A. Analyst
B. Wholesaler
C. Operating agent
D. General agent
Answer: D
Explanation:
A general agent is an individual or business entity that receives broad authority from an insurer to operate on its behalf within a designated geographic territory. This authority typically includes the power to manage the insurer's business, appoint sub-agents, oversee production, and settle certain types of claims within their delegated limits. In the traditional agency system in Canada, general agents act as intermediaries between the insurer and local agents, ensuring proper distribution of policies and adherence to underwriting rules.
This role is distinct from analysts, who do not hold managerial or appointment authority, and from wholesalers, whose function is typically limited to distributing insurance products to brokers rather than supervising an insurer's operations. Operating agents may have administrative duties but do not hold the broad binding and claim-settlement authority that defines a general agent. Thus, the only option that correctly matches the described authority structure is General agent.
NEW QUESTION # 94
How would a moving and storage company benefit from purchasing insurance to cover customers' goods while in transit?
A. Opportunity for more subscription policies
B. More capital for business ventures
C. Provides a feeling of security
D. Greater acquisition potential
Answer: D
Explanation:
Purchasing insurance that covers customers' goods in transit enhances the company's ability toattract more clients, which is referred to asgreater acquisition potential. Clients feel more confident choosing a mover that offers protection for their belongings, especially when transporting high-value items. This competitive advantage increases business opportunities and strengthens the company's reputation.
Option B-"feeling of security"-is a benefit but applies to theinsured party, not the business's competitive positioning. Option C is incorrect because purchasing insurance does not provide additional capital; it is a business cost. Option D (subscription policies) has no connection to transit insurance.
Therefore, the most direct business benefit for the moving company isA: Greater acquisition potential.
NEW QUESTION # 95
What does the Institute for Catastrophic Loss Reduction (ICLR) encourage?
A. The pooling of funds by all members of society to deal with the predicted cost of a large-scale natural disaster
B. The development of mandatory evacuation procedures in the event of any moderate weather changes
C. The building of resilient communities through cost-effective techniques that enable structures to withstand severe weather or earthquakes
D. The understanding of weather patterns to aid all citizens in predicting weather
Answer: C
Explanation:
The Institute for Catastrophic Loss Reduction (ICLR) is a research-based organization supported by the Canadian property and casualty insurance industry. Its mission is to reduce the loss of life and property caused by natural hazards by promoting scientifically grounded mitigation strategies. One of its central goals is to encourage the development of resilient buildings and communities by advocating for improved building codes, retrofitting standards, and construction methods that reduce vulnerability to severe weather events such as hurricanes, floods, wildfires, and earthquakes.
Options A and B do not reflect the ICLR's mandate; the organization does not focus on personal weather prediction or creating mandatory evacuation procedures. Option C describes a risk-financing mechanism, not risk reduction. ICLR's true focus is loss prevention and mitigation, specifically through cost-effective, research-supported construction and community planning measures. Therefore, the correct answer is D.
NEW QUESTION # 96
Which clause paysreplacement costeven if the lossexceeds the amount of insuranceon the dwelling?
A. Outright replacement clause
B. Total replacement cost clause
C. Guaranteed replacement cost clause
D. Pure restitution replacement clause
Answer: A,C,D
Explanation:
AGuaranteed Replacement Cost (GRC)clause is a special provision in homeowners' insurance that ensures the insurer will pay thefull cost to rebuild or repairthe dwellingeven if the loss exceeds the stated policy limit, provided all policy conditions are met (such as insuring to value and notifying the insurer of changes to the building).
This clause protects homeowners from unexpected increases in construction costs due to inflation, labour shortages, or material price spikes. The insurer guarantees complete reconstruction of the home, not merely up to policy limits.
Option A is not a recognized policy clause.
Option B (total replacement cost clause) is not the standard industry term.
Option C (pure restitution clause) does not exist in homeowners insurance terminology.
The only accurate clause that obligates the insurer to pay above policy limits is theGuaranteed Replacement Cost clause.
NEW QUESTION # 97
Samuel is a broker who does NOT have claims-handling authority. He received a call from an insured at the scene of an auto accident. The insured was upset, and Samuel reassured her that everything would be fine because she had coverage. Later, the insurer denied the claim due to impaired driving. What should Samuel have done differently?
A. Told the insured that the insurer would have to investigate before he could answer her concerns
B. Asked the insured more details and informed her the claim would not be covered
C. Asked to speak to the police officer at the scene to determine legal implications
D. Told the insured to take immediate responsibility for the accident to uphold utmost good faith
Answer: A
Explanation:
Brokers without claims-handling authority must be extremely careful in the statements they make to insureds, especially at the time of a loss. Samuel improperly promised coverage, something he had neither the authority nor sufficient information to confirm. Claims are determined by the insurer based on policy wording, exclusions, and investigation. The proper action would have been to reassure the insured emotionally while clearly stating that the insurer must first investigate the circumstances before any determination of coverage can be made.
Option B is inappropriate; the insured should not admit liability at the scene. Option C is improper because a broker has no authority to intervene in a police investigation. Option D is also incorrect; Samuel cannot deny coverage, as this is solely the insurer's role. Therefore, the only correct response is A, which aligns with proper professional conduct and avoids misrepresentation
NEW QUESTION # 98
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