P.S. Free & New C11 dumps are available on Google Drive shared by Lead2Passed: https://drive.google.com/open?id=1Ww8UPpC2oIwi22Efviitt1Gcl0at-KGl
You can trust Lead2Passed C11 exam questions and start this journey with complete peace of mind and satisfaction. The Lead2Passed C11 practice questions are designed and verified by experienced and qualified C11 exam experts. They work collectively and put their expertise to ensure the top standard of Lead2Passed IIC C11 Exam Dumps. So we can say that with the Lead2Passed IIC C11 exam questions, you will get everything that you need to learn, prepare and pass the difficult Principles and Practice of Insurance certification exam with good scores.
| Section | Weight | Objectives |
|---|---|---|
| Liability Insurance | 15-20% | - General Liability Concepts - Professional Liability - Commercial General Liability (CGL) |
| Insurance Operations and Contracts | 20-25% | - Policy Structure and Interpretation - Underwriting Process - Fundamental Principles of Insurance - Insurance Contract Basics |
| Automobile Insurance | 15-20% | - Commercial Automobile Coverage - Mandatory Coverage Requirements - Personal Automobile Coverage |
| Risk and Insurance | 15-20% | - Risk Management Process - Risk Identification and Measurement - Nature of Risk - Insurable Risk |
| Insurance Industry Overview | 10-15% | - Insurance Market Structure - Claims Handling - Regulation and Legislation |
| Property Insurance | 15-20% | - Property Coverage Forms - Policy Conditions and Exclusions - Valuation and Coinsurance |
One of the most important functions of our APP online vesion which is contained in our C11 preparation questions are that can support almost all electronic equipment, including the computer, mobile phone and so on. If you want to prepare for your exam by the computer, you can buy our C11 training quiz, because our products can work well by the computer. Of course, if you prefer to study by your mobile phone, our C11 study materials also can meet your demand.
NEW QUESTION # 24
Insurer A and Insurer B cover the same building and the policies are NOT subject to contribution. The building sustains a loss of $450,000. How can the insured claim for their loss?
Answer: A
Explanation:
When two insurers cover the same property but the policies arenot subject to contribution, this means the insurance contracts are written so that each insurer is liable as if no other insurance exists. In effect, the insured may claim the full loss amount from either insurer, regardless of the proportional limits written on each policy.
This distinguishes the situation from typical concurrent insurance, where losses are shared proportionally.
Because contribution doesnotapply here, the insured has full freedom to choose which insurer will pay the claim, up to the policy limit.
In this scenario:
The loss is $450,000.
Insurer A's limit is $800,000, enough to pay the full claim.
Insurer B's limit is $200,000 - insufficient to cover the entire loss.
Since contribution does not apply, the insured can claim the entire $450,000 from Insurer A without involving Insurer B. Insurer A cannot require the insured to claim part of the loss from Insurer B, nor can the insured demand that B pay part unless they choose to claim from B.
Option B is incorrect because proportional sharing only applies when contribution is explicitly activated.
Option C is incorrect because Insurer B does not owe anything unless the insured submits a claim to them.
Option D is incorrect because subrogation applies after paying a claim-B cannot pay and then pursue A, since A is not legally responsible for B's voluntary payment.
Thus, the only correct choice is A.
NEW QUESTION # 25
What is a disadvantage of loss retention through borrowing?
Answer: A
Explanation:
When an organization chooses to handle losses throughborrowing, it is using debt financing-usually a bank loan or line of credit-to pay for losses instead of transferring the risk through insurance. While this may offer flexibility, it has several drawbacks. The most significant is that borrowingreduces the company's available line of credit, limiting funds that could otherwise be used for operations, expansion, or emergencies.
This reduction in liquidity can create financial strain, especially if multiple losses occur or if interest rates rise. Borrowing also increases debt obligations, which can affect cash flow and borrowing capacity.
Option A is incorrect; special accounting is not necessarily required beyond standard debt tracking.
Option C is not inherently a disadvantage-senior management involvement is routine in risk management.
Option D is incorrect; the difficulty of borrowing is determined by creditworthiness, not by the presence of assets.
Thus,Bis the correct disadvantage.
NEW QUESTION # 26
If a dispute arises between the insurer and insured over a claim, which party is responsible for satisfying the courts that a concealment of material facts has occurred?
Answer: C
Explanation:
In insurance law, the insurer bears the burden of proving that the insured failed to disclose a material fact.
Material facts are those that would influence an underwriter's decision to accept, rate, or decline the risk. If an insurer alleges concealment or misrepresentation, the onus lies with the insurer to establish-through underwriting evidence, policy documentation, and testimony-that the fact was material and that nondisclosure affected the insurer's judgment.
Option A is incorrect because the broker is merely an intermediary. Option C is not correct because the insured's role is to answer questions truthfully, but the legal burden of proof in court rests with the insurer when making the accusation. Option D, a third party, has no role in proving concealment.
Therefore, the insurer must satisfy the court that a material concealment occurred, making B correct.
NEW QUESTION # 27
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?
Answer: B
Explanation:
A contract becomes voidable when one party is induced to enter it through fraudulent misrepresentation.
Fraudulent misrepresentation occurs when a party knowingly makes a false statement, intending to mislead the other party, and the misled party relies on that statement when entering the contract. In this scenario, the seller knew the house had termites but intentionally misrepresented the truth when questioned by Karl. This is a deliberate falsehood, fulfilling all elements of fraud: false representation, knowledge of falsity, intent to induce reliance, actual reliance, and resulting detriment.
Undue influence involves pressure or dominance, which is not present. A mistake about assumptions only applies when both parties are mistaken in good faith about a fundamental fact-here the seller acted deliberately. Innocent misrepresentation involves an unintentional error, but the scenario explicitly describes intentional deception. Thus, the correct legal classification is fraudulent misrepresentation.
NEW QUESTION # 28
What is the definition of subrogation?
Answer: B
Explanation:
Subrogationallows an insurer that has indemnified an insured to pursue recovery from the partylegally responsiblefor the loss. It prevents the insured from collecting twice and shifts the financial burden back to the negligent third party. Subrogation is a fundamental principle tied to indemnity.
Option A describes insurer action in fraud cases-not subrogation.
Option B is incorrect; deductibles are always retained by the insured, not reimbursed later.
Option C describes a release or waiver, not subrogation.
Thus, the correct definition isD.
[Insurance as a Contract - Utmost Good Faith / Material Facts]
NEW QUESTION # 29
......
Do you want to catch up with the trend in the IT industry? Being certified by IIC C11 exam certification means a large possibility of success. While our C11 exam targeted training will help you step ahead of others. The valid C11 study practice will make your thoughts more clear, and you will have the ability to deal with problem in the practical application. Then, passing the C11 Actual Test is an easy and simple thing. If you still have some doubts, please download Lead2Passed C11 free demo for a try. You will be surprised.
C11 Exam Overview: https://www.lead2passed.com/IIC/C11-practice-exam-dumps.html
BONUS!!! Download part of Lead2Passed C11 dumps for free: https://drive.google.com/open?id=1Ww8UPpC2oIwi22Efviitt1Gcl0at-KGl