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IIC Essential Skills for the Insurance Broker and Agent Sample Questions:
1. It is critical that an intermediary is always mindful of privacy legislation during which method of sourcing clients?
A) Online marketing
B) Tracking of expiry dates
C) Upselling
D) Walk-ins
2. Trevor is cutting down a tree in his backyard. The tree accidentally falls onto his neighbour's shed, destroying the roof. Two weeks later, Trevor receives a document from his neighbour suing him for the damages to the shed and its contents. Which document has Trevor received?
A) Judgment notice
B) Statement of claim
C) Damages attestation
D) Statement of defence
3. What should the intermediary do if the person reporting the claim is not named on the insurance policy?
A) Contact the police
B) Send the client a statement of claim
C) Ask the insurer to add the interested party as an additional insured
D) Attempt to discuss the matter with the client
4. In which Canadian province is compulsory automobile insurance purchased from a private insurer?
A) British Columbia
B) Saskatchewan
C) Manitoba
D) Newfoundland and Labrador
5. In insurance sales terminology, what is a lead?
A) A broker who aims to meet their clients' needs with products
B) A member of a group of potential clients that fits the profile that has been determined as the marketing target
C) An insurer with an underwriting policy that most closely aligns with a broker's requirements
D) A segment of existing clients who have similar insurance coverage needs
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
By Tony
