Free IIC C11 Exam Dumps Questions & Answers

What type of company has the authority to bind coverage for a specific line of business as outlined by an insurer?

• A.Reinsurer
• B.Cover holder
• C.Syndicate mutual
• D.Factory mutual

Why does the Office of the Superintendent of Financial Institutions (OSFI) control the types of investments insurers are allowed to make?

• A.To minimize insurers' investment loss exposures
• B.To maximize insurers' returns on investments
• C.To maximize industry profits
• D.To minimize industry indemnifications

Which scenario is an example of insurable interest?

• A.The interest an insurance company earns on its premiums
• B.An employee's interest in the life insurance policy of a fellow employee
• C.The interest an underwriter has in writing profitable business
• D.An employer's interest in the life of their employee

Orianna is an insurance professional who acts on behalf of the insurerandthe insured. She owns her client list and is paid commission once policies are arranged. What is her profession?

• A.Independent adjuster
• B.Broker
• C.Exclusive agent
• D.Underwriter

What is his responsibility?

• A.Record preliminary information and ask further details
• B.Advise an underwriter the policy requires a premium increase at renewal
• C.Verify the independent adjuster's report has no errors
• D.Advise the insured the policy covers the loss, if he confirms it