1|Page
C130 Critical Infrastructure Protection (CIP)
Certification Exam Study Set||Verified Exam!!,
2026/2027-Question Examination with Verified
Solutions||Newest Exam!!!
The unlawful taking of insured property from within the
insured premises by a person who unlawfully enters the
premises as evidenced by marks of forcible entry is
termed - Answer-burglary.
A disadvantage of oral applications is that they - Answer-
might not record all the discussions between the broker
and the insured.
A broker might identify a client with a potential accounts
recelvable problem by reviewing the section of the
insurance application disclosing the - Answer-loss payees.
When an applicant for insurance has been involved in one
previous not-at-fault loss in which her vehicle was
damaged, an insurer who is writing a policy for the risk
may - Answer-apply standard terms and conditions based
on the exposure.
,2|Page
Binding authority - Answer-allows the broker to bind some
limited coverage immediately.
The legal concept by which any ambiguity in the policy
wording will be interpreted against the party that wrote the
wording is - Answer-contra preferentem.
The signature clause of a policy consists of signatures of
the - Answer-chief executive of the insurance company
and the broker or authorized employee of the insurer.
Condominium corporations arrange insurance for -
Answer-the common areas of the building.
Under most seasonal dwelling forms, insurance limits for
outbuildings - Answer-are part of the limit of coverage for
the main building.
Under the terms of guaranteed replacement cost, the
insurer will pay the full cost to rebuild the dweling even if it
exceeds the amount of insurance purchased provided that
the - Answer-amount insured was 100% of the
replacement cost at the last evaluation.
,3|Page
The legal term defined as the substantial and
unreasonable interference with a person's right to enjoy
and use his or her property is - Answer-nuisance.
A broker whose client regularly rents accommodations
while on vacation would offer this client insurance
coverage for - Answer-tenant's legal liability.
One of the legal penalties for driving without insurance is
the - Answer-possibility of being sued for legal liability as
an at fault uninsured motorist.
The Facility Association does NOT operate in - Answer-
British Columbia.
Which automobile coverage is compulsory in all Canadian
jurisdictions? - Answer-Accident benefits
The automobile endorsement that makes it possible to
insure a vehicle for less than its appraised value is called
the - Answer-Limit of Amount Paid for Loss or Damage
endorsement.
, 4|Page
Letters of authorization are - Answer-written notices from
the insured to the insurer stating the broker of record on a
policy.
Prescription is - Answer-the limited time after which a
cause of action ceases.
Which of the following has been traditionally offered by
insurance companies, but is not actually insurance? -
Answer-Surety bonds
The court case, Fine's Flowers Ltd. vs. General Accident
Assurance Co. of Canada (1977), is significant because it
- Answer-increased the duty of care required by insurance
intermediaries when acting within their scope of duty.
With respect to Utmost Good Faith, - Answer-full
disclosure of material information is required by all parties.
Cold calls - Answer-are excellent practice for talking to
people to discover their needs.
C130 Critical Infrastructure Protection (CIP)
Certification Exam Study Set||Verified Exam!!,
2026/2027-Question Examination with Verified
Solutions||Newest Exam!!!
The unlawful taking of insured property from within the
insured premises by a person who unlawfully enters the
premises as evidenced by marks of forcible entry is
termed - Answer-burglary.
A disadvantage of oral applications is that they - Answer-
might not record all the discussions between the broker
and the insured.
A broker might identify a client with a potential accounts
recelvable problem by reviewing the section of the
insurance application disclosing the - Answer-loss payees.
When an applicant for insurance has been involved in one
previous not-at-fault loss in which her vehicle was
damaged, an insurer who is writing a policy for the risk
may - Answer-apply standard terms and conditions based
on the exposure.
,2|Page
Binding authority - Answer-allows the broker to bind some
limited coverage immediately.
The legal concept by which any ambiguity in the policy
wording will be interpreted against the party that wrote the
wording is - Answer-contra preferentem.
The signature clause of a policy consists of signatures of
the - Answer-chief executive of the insurance company
and the broker or authorized employee of the insurer.
Condominium corporations arrange insurance for -
Answer-the common areas of the building.
Under most seasonal dwelling forms, insurance limits for
outbuildings - Answer-are part of the limit of coverage for
the main building.
Under the terms of guaranteed replacement cost, the
insurer will pay the full cost to rebuild the dweling even if it
exceeds the amount of insurance purchased provided that
the - Answer-amount insured was 100% of the
replacement cost at the last evaluation.
,3|Page
The legal term defined as the substantial and
unreasonable interference with a person's right to enjoy
and use his or her property is - Answer-nuisance.
A broker whose client regularly rents accommodations
while on vacation would offer this client insurance
coverage for - Answer-tenant's legal liability.
One of the legal penalties for driving without insurance is
the - Answer-possibility of being sued for legal liability as
an at fault uninsured motorist.
The Facility Association does NOT operate in - Answer-
British Columbia.
Which automobile coverage is compulsory in all Canadian
jurisdictions? - Answer-Accident benefits
The automobile endorsement that makes it possible to
insure a vehicle for less than its appraised value is called
the - Answer-Limit of Amount Paid for Loss or Damage
endorsement.
, 4|Page
Letters of authorization are - Answer-written notices from
the insured to the insurer stating the broker of record on a
policy.
Prescription is - Answer-the limited time after which a
cause of action ceases.
Which of the following has been traditionally offered by
insurance companies, but is not actually insurance? -
Answer-Surety bonds
The court case, Fine's Flowers Ltd. vs. General Accident
Assurance Co. of Canada (1977), is significant because it
- Answer-increased the duty of care required by insurance
intermediaries when acting within their scope of duty.
With respect to Utmost Good Faith, - Answer-full
disclosure of material information is required by all parties.
Cold calls - Answer-are excellent practice for talking to
people to discover their needs.
