- Exam Code: C131
- Exam Name: Advanced Skills for the Insurance Broker and Agent
- Updated: Oct 04, 2026
- Q & A: 79 Questions and Answers
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| Section | Objectives |
|---|---|
| Specialized Insurance Lines | - Contractors insurance - Manufacturers, distributors, freight forwarders - Builders risk insurance - Automobile insurance - Crime and bonds |
| Risk Management | - Analyzing risk exposures - Selecting risk techniques - Insurance in a risk management plan - Monitoring and modifying risk management plans |
| Liability Insurance | - Commercial and general liability concepts |
| Property Insurance Coverages | - Property coverages fundamentals |
The owner of a small bookstore arranges to have a reputable courier deliver an expensive set of antique encyclopedias to the store after it closes. The next morning, he notices several encyclopedias are missing from the set. He reports this situation to his broker, who advises that the loss will be covered under his commercial property broad form if he can provide which type of proof?
Correct Answer: B 🗳️
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A broker binds a property policy for a future date, and follows up for documentation. While reviewing documents the client sent, it is discovered that the property is actually used as a rooming house, and not a family home. Why does underwriting instruct that the policy be cancelled?
Correct Answer: D 🗳️
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Valuable information about the principals of a prospect's company, the products and services the company sells, and other financial data could be found by reviewing which source?
Correct Answer: B 🗳️
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Which type of property loss is commonly covered under the commercial property broad form (CPBF)?
Correct Answer: D 🗳️
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A broker is preparing to meet with a prospective client, Queen Ice Cream, who manufactures and distributes ice cream to five different provinces. What can the broker ask to ensure a smooth transition for the client?
Correct Answer: D 🗳️
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