Along with the coming of the information age, the excellent IT skills are the primary criterion for selecting talent of enterprises. IIC Certification gives an IT a credential that is recognized in the IT industry. It can act as a passport to a well-rewarded job, smooth the path to promotion or higher earnings. Here, IIC certification C11 exam (Principles and Practice of Insurance) is a very important exam to help you get better progress and to test your IT skills.
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IIC C11 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Policy Structure and Provisions | 20–25% | - Policy components: declarations, insuring agreement, exclusions, conditions - Interpretation of policy wording - Endorsements and modifications |
| Topic 2: Legal Principles of Insurance | 20–25% | - Subrogation and contribution - Principle of indemnity - Insurable interest, utmost good faith - Contract law fundamentals |
| Topic 3: Insurance Industry Structure and Stakeholders | 15–20% | - Legislation and regulation in Canada - Insurers, intermediaries, regulators - Roles: underwriting, claims, reinsurance |
| Topic 4: Risk Management and Application | 15–20% | - Application of principles to personal and commercial contexts - Ethics and professional conduct - Risk identification, assessment, treatment |
| Topic 5: Introduction to Insurance | 10–15% | - Role of insurance in economy and society - Basic concepts: risk, peril, hazard - Purpose and function of insurance |
IIC Principles and Practice of Insurance Sample Questions:
Question #1
Which problem could arise with an oral binder?
A. It may override a policy warranty
B. It is illegal in some provinces
C. The insurer did not secure privacy documentation
D. The intermediary may not have authority to bind coverage
Question #2
Huronial Insurance Company submitted incorporation documents and received approval to sell personal-lines property and automobile policies. Which document will the Office of the Superintendent of Financial Institutions (OSFI) issue?
A. Insurer establishment document
B. Insurer of record
C. National insurance notice
D. Order of commencement
Question #3
Which type of clause grants additional protection to the entity that has a registered interest on real property?
A. Additional Interest clause
B. Lienholder clause
C. Bailee clause
D. Mortgage clause
Question #4
Antonio lights a firecracker and throws it to Brett. Brett tosses it to Sandra. Sandra catches it and throws it to Celina. It explodes in Celina's hands, injuring her. Who is the immediate cause of the loss?
A. Sandra
B. Brett
C. Celina and Antonio
D. Antonio and Brett
Question #5
Which statement best explains the concept of utmost good faith?
A. Implies the ability to void an insurance policy
B. Requires a high standard of honesty
C. Is a requirement of all legal contracts
D. Is a lack of conduct that exceeds mere negligence
Solutions:
| Question #1 Correct Answer: D | Question #2 Correct Answer: D | Question #3 Correct Answer: D | Question #4 Correct Answer: A | Question #5 Correct Answer: B |


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