Authentic IIC C131 Exam Dumps PDF – 2026 Updated [Q26-Q41]

QUESTION 26
Jeff, an intermediary who specializes in complex industrial risks, is reviewing a new request for insurance.
The client is a major construction company who is building a bridge, and wants insurance from end to end of the construction process, including property, liability, and other specialty coverages. From the preliminary information received on the new risk, Jeff understands that the risk CANNOT be placed with just one insurer.
Identify and discuss TWO different coverage options that Jeff can use to arrange coverage for this risk.

QUESTION 27
What does the permissions clause in a building insurance policy allow the insured to do?

QUESTION 28
Davies Architect has opened two new offices in the last quarter. Its recent claims history includes a break-in at its head office a month ago and legal action against the firm due to a structural mistake made by the architect and engineer six months ago. The firm’s insurance broker is reviewing its current insurance program, and the renewal date is in two months. Due to stable market conditions, there have been no recent changes made by insurers to policy wordings or pricing. The firm has been very cooperative with providing information. Briefly discuss how the broker would review the renewal for this architectural firm.

QUESTION 29
After examining an organization’s financial statements and accounting records, a broker decides that they would like to take the company on as a client. What did the broker determine during their examination that helped make this decision?

QUESTION 30
What is a disadvantage of a broker using one-way communication with clients?

QUESTION 31
For which prospective client should a broker conduct further risk analysis?

QUESTION 32
Sufi is a handywoman who regularly takes samples of her finished work to trade shows. Which coverage would Sufi’s broker recommend for her samples?

QUESTION 33
Which clause is a refusal to accept liability for damages that might occur?

QUESTION 34
A broker is using their prior market knowledge to place a risk with an insurer who accepts luxury log cabins.
Which insurer aspect is the broker considering?

QUESTION 35
Valuable information about the principals of a prospect’s company, the products and services the company sells, and other financial data could be found by reviewing which source?

QUESTION 36
A commercial insurance agent receives a request for commercial automobile insurance from a client who transports radioactive materials. When reviewing the Autoplus report, the agent notices that the client frequently changes insurance providers, but there is no gap in insurance and the client only has minor claims in their history. What will the agent likely do, and why?

QUESTION 37
The owner of a small bookstore arranges to have a reputable courier deliver an expensive set of antique encyclopedias to the store after it closes. The next morning, he notices several encyclopedias are missing from the set. He reports this situation to his broker, who advises that the loss will be covered under his commercial property broad form if he can provide which type of proof?

QUESTION 38
Jeremy is a new electrical contractor. He needs some special documentation before he can practise his trade, to be compliant with territorial regulations. Which special documentation will the broker arrange for Jeremy?

QUESTION 39
An architect is sued by a client for having failed to account for local bylaws when designing a new home. For the insurance company to defend the architect, which coverage must he have in place?

QUESTION 40
Why is bylaws insurance used?

QUESTION 41
By conducting online research of a risk’s profile and website, and asking about supplies, machinery, and manufacturing process used, which liability exposure of the risk is being assessed?