Free C130 Questions for IIC Essential Skills for the Insurance Broker and Agent C130 Exam as PDF & Practice Test Engine

Why would an insured need an advertising injury liability extension in addition to the coverage provided by the standard commercial general liability policy?

Michelle is a new agent who would like to protect herself against possible errors and omissions claims. What should Michelle practice in her interactions with clients and insurers?

The insured has a property policy on his cottage with a $120,000 limit of insurance. What is the amount of coverage available for loss or damage to his $12,000 cottage boathouse under a typical policy?

When does a minimum retained premium apply to a policy?

Which name is a legal entity?

Which statement describes the reimbursement of voluntary medical payments under a personal liability policy?

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?

W & A Insurers Inc. has a capacity of $30 million for any single property risk. It also has a reinsurance agreement with Tri-insurance Inc. for an additional $40 million. A broker approaches W & A Insurers Inc.
with a request to write a low-hazard $37 million liability risk. What is the insurer's retention if it accepts and reinsures the risk?