Free Insurance Institute C131 Exam Practice Questions
Advanced Skills for the Insurance Broker and Agent
Total Questions: 77Focus Only on What Matters For Insurance Institute C131 Exam Preparation
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Insurance Institute C131 Exam Sample Questions & Answers
SIMULATION
A real estate investment trust is a long-term client of Best Brokerage. The REIT intends to tear down one unused warehouse and build an apartment in its place. The risk manager requests insurance coverage for the project, wants to avoid a significant increase in premium, and does not want to include cost overruns.
a) Briefly discuss how the limits of insurance of this project will be determined, and what type of costs are included in the limit.
b) Should the risk manager exclude cost overruns from the limit of insurance? Explain your answer.
An individual who uses public transit rather than buying a car is managing their risk using which risk management technique?
Which person would be hired by another contractor, because of her experience in a particular trade, to complete a portion of a larger project?
Graham works at a brokerage where responsibilities are divided among the staff. His daily work consists of analyzing quotations and creating client proposals. What is his role?
What coverage is generally provided by an accounts receivable floater?
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