IIC C11 Exam Information and Actual Questions

  • Exam Code/Number: C11
  • Exam Name/Title: Principles and Practice of Insurance
  • Certification Provider: IIC
  • Corresponding Certification: Chartered Insurance Professional (CIP)
  • Exam Questions: 103
  • Updated On: Oct 13, 2026

C11
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IIC
C11 Exam
Principles and Practice of Insurance

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IIC C11 Exam Overview:

Certification Vendor:Insurance Institute of Canada (IIC)
Exam Name:Principles and Practice of Insurance
Exam Number:C11
Exam Price:CAD 418
Exam Duration:120 minutes
Real Exam Qty:100
Exam Format:Knowledge-based questions, Scenario-based questions, Multiple-choice questions
Certificate Validity Period:Valid while CIP program requirements are met; no fixed expiry
Related Certifications:C13 Insurance Against Liability – Part 1
C14 Automobile Insurance – Part 1
C12 Insurance on Property
Available Languages:English, French
Passing Score:60% (120/200 points)
Recommended Training:C11 Official Course Materials
Exam Registration:Official Registration
Sample Questions:IIC C11 Sample Questions
Exam Way:Online proctored or in-person at authorized centres
Pre Condition:None; recommended as first course in CIP program
Official Syllabus URL:https://www.insuranceinstitute.ca/en/Courses/CIP/C11

IIC C11 Exam Syllabus Topics:

SectionWeightObjectives
Insurance Policy Structure and Provisions20–25%- Policy components: declarations, insuring agreement, exclusions, conditions
- Endorsements and modifications
- Interpretation of policy wording
Risk Management and Application15–20%- Risk identification, assessment, treatment
- Application of principles to personal and commercial contexts
- Ethics and professional conduct
Introduction to Insurance10–15%- Purpose and function of insurance
- Role of insurance in economy and society
- Basic concepts: risk, peril, hazard
Legal Principles of Insurance20–25%- Principle of indemnity
- Subrogation and contribution
- Contract law fundamentals
- Insurable interest, utmost good faith
Insurance Industry Structure and Stakeholders15–20%- Legislation and regulation in Canada
- Insurers, intermediaries, regulators
- Roles: underwriting, claims, reinsurance


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