IIC Principles and Practice of Insurance : C11

  • Exam Code: C11
  • Exam Name: Principles and Practice of Insurance
  • Updated: Oct 06, 2026     Q & A: 103 Questions and Answers

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About IIC C11 Exam

Electronic equipment brings convenience and efficiency — so does our APP. The IIC Principles and Practice of Insurance APP version at PracticeTorrent supports phones and e-books, online or offline: 103 practice questions for the C11 exam.

IIC C11 Exam Overview:

Certification Vendor:Insurance Institute of Canada (IIC)
Exam Name:Principles and Practice of Insurance
Exam Number:C11
Exam Duration:120 minutes
Real Exam Qty:50-60 questions
Related Certifications:Associate in Insurance (A.I.)
CIP (Chartered Insurance Professional)
Available Languages:French, English
Exam Format:Multiple Choice, Case Studies
Passing Score:65% (typical)
Certificate Validity Period:N/A - This is a course/exam, not a certification
Exam Price:CAD $475 (approximate)
Sample Questions:Free Download C11 exam dumps pdf
Exam Way:Online proctored exam / Paper-based at designated test centers
Pre Condition:Recommended: Complete C12 (Essential Skills for Insurance Professionals) as a prerequisite or co-requisite
Official Syllabus URL:https://www.insuranceinstitute.ca/certifications-and-designations/cip-curriculum/c11

IIC C11 Exam Syllabus Topics:

SectionWeightObjectives
Insurance Operations and Contracts20-25%- Policy Structure and Interpretation
- Fundamental Principles of Insurance
- Underwriting Process
- Insurance Contract Basics
Liability Insurance15-20%- General Liability Concepts
- Professional Liability
- Commercial General Liability (CGL)
Insurance Industry Overview10-15%- Insurance Market Structure
- Regulation and Legislation
- Claims Handling
Automobile Insurance15-20%- Commercial Automobile Coverage
- Mandatory Coverage Requirements
- Personal Automobile Coverage
Risk and Insurance15-20%- Insurable Risk
- Risk Identification and Measurement
- Risk Management Process
- Nature of Risk
Property Insurance15-20%- Policy Conditions and Exclusions
- Valuation and Coinsurance
- Property Coverage Forms

IIC Principles and Practice of Insurance Exam FAQ — Trustworthy Answers

Upon successful payment, our system emails the IIC Principles and Practice of Insurance material automatically within about a minute, with 24/7 help if nothing arrives within 2 hours. If you fail the corresponding C11 exam within 60 days of purchase, we refund the full amount: send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.

Recommended: Complete C12 (Essential Skills for Insurance Professionals) as a prerequisite or co-requisite Eligibility rules change over time, so verify the current requirements on the official page (official C11 exam page) before registering.

The IIC Principles and Practice of Insurance is IIC's certification exam for Chartered Insurance Professional (CIP), at the Foundation / Introductory level. Employers read it as a measure of individual ability in routine technical work. Related credentials include CIP (Chartered Insurance Professional), Associate in Insurance (A.I.).

CAD $475 (approximate) per attempt, 65% (typical) to pass. Retakes cost the full fee — save time and money by preparing with the 103 practice questions for the C11 exam at PracticeTorrent.

120 minutes for 50-60 questions questions. Practice anytime anywhere with the PracticeTorrent APP — steady daily sessions build the pacing you need.

Yes — we provide the free PDF demo of the IIC Principles and Practice of Insurance dumps so you can look at the content and gain a further understanding before paying. Purchases include 365 days of free updates by email; renew afterward at 50% off.

The IIC Principles and Practice of Insurance blueprint spans 6 domains — including Insurance Operations and Contracts (20-25%), Liability Insurance (15-20%), Risk and Insurance (15-20%). Our material stays closely linked to these knowledge points; the complete outline above lists every subtopic.

IIC Principles and Practice of Insurance Sample Questions:

Question #1

Samuel is a broker who does NOT have claims-handling authority. He received a call from an insured at the scene of an auto accident. The insured was upset, and Samuel reassured her that everything would be fine because she had coverage. Later, the insurer denied the claim due to impaired driving. What should Samuel have done differently?

  • A. Told the insured that the insurer would have to investigate before he could answer her concerns
  • B. Asked to speak to the police officer at the scene to determine legal implications
  • C. Asked the insured more details and informed her the claim would not be covered
  • D. Told the insured to take immediate responsibility for the accident to uphold utmost good faith
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

What is stated in the insuring agreements of a policy?

  • A. Signature clause
  • B. Lienholder
  • C. Description of the property covered
  • D. Premium
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Karl recently purchased a house in Winnipeg. Prior to the purchase he asked if the house had termites. The house was infested, but the seller falsely stated there were none. After signing the contract, Karl discovered the infestation. Which element makes the purchase contract voidable?

  • A. Fraudulent misrepresentation
  • B. Innocent misrepresentation
  • C. Mistake about assumptions
  • D. Undue influence
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for PracticeTorrent members. You can sign-up / login (it's free).

Question #4

What is a disadvantage of loss retention through borrowing?

  • A. It reduces the company's line of credit
  • B. It requires significant commitment from senior management
  • C. Special accounting is always required
  • D. It is difficult even if the company has assets to cover the loan
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

If one in every five houses suffers a $50,000 loss each year, and all houses have the same value, what would the pure premium be for each homeowner?

  • A. $5,000
  • B. $2,500
  • C. $100,000
  • D. $10,000
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for PracticeTorrent members. You can sign-up / login (it's free).

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