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Last Updated: Oct 09, 2026
No. of Questions: 103 Questions & Answers with Testing Engine
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Print it, note it, read it — all content clear at a glance. The IIC Principles and Practice of Insurance PDF version at ActualTestsQuiz: 103 practice questions for the C11 exam in 2026.
| Section | Weight | Objectives |
|---|---|---|
| Risk Management and Application | 15–20% | - Application of principles to personal and commercial contexts - Risk identification, assessment, treatment - Ethics and professional conduct |
| Legal Principles of Insurance | 20–25% | - Subrogation and contribution - Principle of indemnity - Insurable interest, utmost good faith - Contract law fundamentals |
| Introduction to Insurance | 10–15% | - Role of insurance in economy and society - Basic concepts: risk, peril, hazard - Purpose and function of insurance |
| Insurance Policy Structure and Provisions | 20–25% | - Interpretation of policy wording - Endorsements and modifications - Policy components: declarations, insuring agreement, exclusions, conditions |
| Insurance Industry Structure and Stakeholders | 15–20% | - Roles: underwriting, claims, reinsurance - Insurers, intermediaries, regulators - Legislation and regulation in Canada |
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None; recommended as first course in CIP program Eligibility rules change over time, so verify the current requirements on the official page (official C11 exam page) before registering.
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CAD 418 per attempt, 60% (120/200 points) to pass. Retakes cost the full fee — use your leisure time with the 103 practice questions for the C11 exam at ActualTestsQuiz before booking.
The IIC Principles and Practice of Insurance blueprint spans 5 domains — including Insurance Policy Structure and Provisions (20–25%), Legal Principles of Insurance (20–25%), Risk Management and Application (15–20%). All three versions of our material cover the same content, with no discrepancy; the complete outline above lists every subtopic.
The IIC Principles and Practice of Insurance is IIC's certification exam for Chartered Insurance Professional (CIP), at the Entry / Foundation level. It's a fundamental element for a higher position and a more promising future. Related credentials include C12 Insurance on Property, C13 Insurance Against Liability – Part 1, C14 Automobile Insurance – Part 1.
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After any course, keep practicing with the 103 practice questions for the IIC Principles and Practice of Insurance — every answer expert-verified.
Which type of insurance company has the same capital structure as any other capital enterprise?
Correct Answer: D 🗳️
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Kamal's home has an actual cash value (ACV) of $380,000 and is insured for $400,000. The house suffers
$180,000 damage. Which amount indemnifies Kamal?
Correct Answer: C 🗳️
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Which financial outcome would be expected when engaging in a speculative risk?
Correct Answer: D 🗳️
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What is the effect of perils and hazards on insurance rates for the underwriter?
Correct Answer: C 🗳️
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What is his responsibility?
Correct Answer: B 🗳️
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