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Exam Code: C131
Exam Name: Advanced Skills for the Insurance Broker and Agent
Updated: Oct 04, 2026
Q & A: 79 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Monitoring and Modifying Risk Plans | 5% | |
| Topic 2: Introduction to Commercial Insurance | 10% | |
| Topic 3: Commercial Liability Coverages | 15% | - General Liability - Errors and Omissions |
| Topic 4: Insuring Manufacturers & Distributors | 15% | |
| Topic 5: Specialty Lines: Auto, Crime, and Surety Bonds | 10% | |
| Topic 6: Insuring Contractors & Construction Risks | 15% | - Contractors' Exposures - Builders Risk Insurance |
| Topic 7: Risk Management Principles | 15% | - Developing Risk Management Plans - Analyzing Risk Exposures - Selecting Risk Management Techniques |
| Topic 8: Commercial Property Coverages | 15% | - Business Interruption Insurance - Policy Wordings and Clauses |
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?
Correct Answer: B 🗳️
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A commercial insurance agent receives a request for commercial automobile insurance from a client who transports radioactive materials. When reviewing the Autoplus report, the agent notices that the client frequently changes insurance providers, but there is no gap in insurance and the client only has minor claims in their history. What will the agent likely do, and why?
Correct Answer: B 🗳️
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A broker is trying to convince his large accountancy client to purchase cyber risk insurance. The firm's CEO believes the controls in place managed by a third-party information technology provider are sufficient. The broker provides the CEO with a list of claims that will only be covered if cyber risk insurance is carried.
Which type of claim appears on that list?
Correct Answer: D 🗳️
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Which type of property loss is commonly covered under the commercial property broad form (CPBF)?
Correct Answer: B 🗳️
Explanation: Only visible for FreePdfDump members. You can sign-up / login (it's free).
How does a self-insured retention (SIR) differ from a deductible?
Correct Answer: D 🗳️
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