Prepare with IIC C11 exam practice material, pass for sure
Updated: Jun 25, 2026
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IIC Principles and Practice of Insurance Sample Questions:
1. What is the annual premium for a building insured for$500,000at a rate of$0.80 per $100?
A) $4,000
B) $2,500
C) $800
D) $6,250
2. Patrice works as a broker meeting a new client. He is building rapport by performing similar actions to those of his client. Which form of in-person communication is he engaging in?
A) Copycatting
B) Mirroring
C) Transparency
D) Open listening
3. Which type of insurance company has the same capital structure as any other capital enterprise?
A) Factory mutual company
B) Co-operative company
C) Captive company
D) Stock company
4. What does the acronymPIPEDAstand for?
A) Personal Information Protection and Electronic Documents Act
B) Personal Insurance Products Electronically Delivered Act
C) Protect Insurance Products by Electronic Decoding Algorithms
D) Private Information Protected from Email Decoding Attacks
5. What should an insurer do if it wishes to have additional terms incorporated in an interim cover?
A) Verbally declare its intent to the intermediary
B) Rely on Statutory Conditions / General Conditions
C) Avoid releasing an interim cover prior to policy inception
D) Set the terms down in writing
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |
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