Free IIC C130 Exam Dumps Questions & Answers

What should the intermediary do if the person reporting the claim is not named on the insurance policy?

• A.  Send the client a statement of claim
• B.  Contact the police
• C.  Attempt to discuss the matter with the client
• D.  Ask the insurer to add the interested party as an additional insured

Prominently included on some property insurance policies is the statement "This policy contains a clause that may limit the amount payable." What clause is being referred to?

• A.  Deferred payment clause
• B.  Named exclusions clause
• C.  Stacked limits clause
• D.  Coinsurance clause

Which occupancy would be most attractive to an insurer reviewing a property's exposure?

• A.  Scrap yard
• B.  Clothing store
• C.  Auto body shop
• D.  Restaurant

What is an agent's primary duty to the insurer?

• A.  Provide the insurer with all relevant material facts
• B.  Bind the policy with the insurer they have the best relationship with
• C.  Quote the client with maximum amounts of liability coverage
• D.  Provide the insurer with the insured's finances upon request

When closing a sale, what makes it easier for the intermediary to counter any objections raised by the client?

• A.  Being aware of what is happening in the industry
• B.  Using unusual and extremely serious claims examples
• C.  Adopting assertive body language
• D.  Employing passive listening