최신IIC Advanced Skills for the Insurance Broker and Agent - C131무료샘플문제
문제1
Which party is the beneficiary under a surety bond?
Which party is the beneficiary under a surety bond?
정답: C
설명: (KoreaDumps 회원만 볼 수 있음)
문제2
How is a party treated when added to a liability policy as an additional named insured?
How is a party treated when added to a liability policy as an additional named insured?
정답: D
설명: (KoreaDumps 회원만 볼 수 있음)
문제3
Charlotte, a broker, is meeting a potential client in person, and hopes to close the new business account. The potential client is a contractor, a line of work which Charlotte also has past experience in.
a) Explain how Charlotte can present herself professionally in the meeting to establish credibility with the client.
b) Explain the value of establishing credibility with the client and the value Charlotte brings to the interaction.
Charlotte, a broker, is meeting a potential client in person, and hopes to close the new business account. The potential client is a contractor, a line of work which Charlotte also has past experience in.
a) Explain how Charlotte can present herself professionally in the meeting to establish credibility with the client.
b) Explain the value of establishing credibility with the client and the value Charlotte brings to the interaction.
정답:
see the Explanation for Detailed Solution.
Explanation:
Charlotte should present herself as prepared, professional, and commercially knowledgeable. Before the meeting, she should review the contractor's operations, likely exposures, previous insurance arrangements, and common contractor risks such as tools, equipment, subcontractors, commercial auto, job-site liability, wrap-up liability, bonding, and completed operations. In the meeting, she should arrive on time, dress appropriately, speak clearly, listen carefully, and ask structured questions about the contractor's work.
Because she has past contractor experience, she should use that knowledge to ask practical questions, but she must avoid sounding overconfident or assuming every contractor operates the same way.
Credibility matters because commercial clients are more likely to disclose accurate information when they believe the broker understands their business. For a contractor, poor disclosure can create serious coverage gaps. Charlotte adds value by translating contractor operations into insurance exposures and explaining how the insurance program should respond. Her value is not just obtaining a quote; it is identifying risk, advising on coverage, helping with risk control, and protecting the client from uninsured loss. Course topic reference:
Introduction to Commercial Insurance; Analyzing Risk Exposures; Contractors; Broker Professionalism and Client Credibility .
Explanation:
Charlotte should present herself as prepared, professional, and commercially knowledgeable. Before the meeting, she should review the contractor's operations, likely exposures, previous insurance arrangements, and common contractor risks such as tools, equipment, subcontractors, commercial auto, job-site liability, wrap-up liability, bonding, and completed operations. In the meeting, she should arrive on time, dress appropriately, speak clearly, listen carefully, and ask structured questions about the contractor's work.
Because she has past contractor experience, she should use that knowledge to ask practical questions, but she must avoid sounding overconfident or assuming every contractor operates the same way.
Credibility matters because commercial clients are more likely to disclose accurate information when they believe the broker understands their business. For a contractor, poor disclosure can create serious coverage gaps. Charlotte adds value by translating contractor operations into insurance exposures and explaining how the insurance program should respond. Her value is not just obtaining a quote; it is identifying risk, advising on coverage, helping with risk control, and protecting the client from uninsured loss. Course topic reference:
Introduction to Commercial Insurance; Analyzing Risk Exposures; Contractors; Broker Professionalism and Client Credibility .
문제4
What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?
What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?
정답: B
설명: (KoreaDumps 회원만 볼 수 있음)
문제5
Jeremy is a new electrical contractor. He needs some special documentation before he can practise his trade, to be compliant with territorial regulations. Which special documentation will the broker arrange for Jeremy?
Jeremy is a new electrical contractor. He needs some special documentation before he can practise his trade, to be compliant with territorial regulations. Which special documentation will the broker arrange for Jeremy?
정답: D
설명: (KoreaDumps 회원만 볼 수 있음)
문제6
The owner of a successful chain of spas wants to ensure her liability coverage is adequate. She has read about several lawsuits regarding slip and falls within spas, and she has been fielding questions via social media about health and safety practices from her clients. Her broker advises she has a broad umbrella policy over and above her primary policy. What coverage does the umbrella policy include?
The owner of a successful chain of spas wants to ensure her liability coverage is adequate. She has read about several lawsuits regarding slip and falls within spas, and she has been fielding questions via social media about health and safety practices from her clients. Her broker advises she has a broad umbrella policy over and above her primary policy. What coverage does the umbrella policy include?
정답: D
설명: (KoreaDumps 회원만 볼 수 있음)
문제7
Which type of property loss is commonly covered under the commercial property broad form (CPBF)?
Which type of property loss is commonly covered under the commercial property broad form (CPBF)?
정답: A
설명: (KoreaDumps 회원만 볼 수 있음)
문제8
Annette, a new broker, is completing a wrap-up liability insurance application for a condominium development. Before finalizing the application, she asks a coworker to review it. Her coworker advises Annette that she has missed an important detail. What detail did Annette likely miss?
Annette, a new broker, is completing a wrap-up liability insurance application for a condominium development. Before finalizing the application, she asks a coworker to review it. Her coworker advises Annette that she has missed an important detail. What detail did Annette likely miss?
정답: D
설명: (KoreaDumps 회원만 볼 수 있음)