Available Number of Questions: Maximum of
100 Questions
Exam Name: Principles and Practice of Insurance
Exam Duration: 120 Minutes
Related Certification(s):
Insurance Institute Chartered Insurance Professional Certification
Insurance Institute C11 Exam Topics - You’ll Be Tested in Actual Exam
What surprises most candidates is how often the exam asks you to think like an insurer, not a customer. You need to be quick on the logic of risk, why insurance exists, and how different insurance categories function, but the real scoring lift usually comes from understanding the policy as a contract and how that contract drives everything else. Read questions as if you are checking whether coverage should apply, then ask what the insurer needs to do next. That pulls you into underwriting and rating, where you must connect exposure, selection, and price, and then into the paperwork that supports it, such as applications, binders, endorsements, renewals, and the record of what was agreed. Regulation matters because it sets the boundaries for fair conduct and market rules, so expect practical judgment calls about compliance, not just theory. Sales and distribution show up as real world scenarios where the candidate has to know what can be promised, what must be disclosed, and how the customer fits into the process without driving the contract terms. Claims ties it together. Many candidates trip up by treating claims as a separate topic, but the exam keeps pointing back to policy wording, documentation, and insurer functions, so practice tracing a claim decision from first notice through investigation and settlement. If you study by linking each concept to a concrete file flow, you will start spotting the right answer faster.
Insurance Institute C11 Exam Short Quiz
Attempt this Insurance Institute C11 exam quiz to self-assess your preparation for the actual Insurance Institute Principles and Practice of Insurance exam. CertBoosters also provides premium Insurance Institute C11 exam questions to pass the Insurance Institute Principles and Practice of Insurance exam in the shortest possible time. Be sure to try our free practice exam software for the Insurance Institute C11 exam.
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Insurance Institute C11 Exam Quiz
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Insurance InstituteC11
Q1:
A company suffers an $80,000 theft loss from its commercial property.
Insurer A covers the property for $300,000.
Insurer B covers the same property for $100,000.
Assuming both policies have identical terms, how is the $80,000 loss shared?
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AInsurer A pays $0; Insurer B pays $60,000
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BInsurer A pays $40,000; Insurer B pays $40,000
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CInsurer A pays $60,000; Insurer B pays $20,000
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DInsurer A pays $80,000; Insurer B pays $0
Insurance InstituteC11
Q2:
[Insurance Companies -- Reinsurance (Non-Proportional / Excess of Loss)]
Cover It Insurance has a non-proportional reinsurance agreement with ZYX-Reinsurance:
$600,000 excess of $300,000.
Which payout is accurate?
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AOn a $100,000 loss, Cover It pays $33,333 and ZYX pays $66,667
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BOn a $200,000 loss, Cover It pays $100,000 and ZYX pays $100,000
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COn a $600,000 loss, Cover It pays $300,000 and ZYX pays $300,000
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DOn a $900,000 loss, Cover It pays $200,000 and ZYX pays $600,000
Insurance InstituteC11
Q3:
Which type of clause grants additional protection to the entity that has a registered interest on real property?
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ABailee clause
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BMortgage clause
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CLienholder clause
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DAdditional Interest clause
Insurance InstituteC11
Q4:
Jack owns a convenience store. During a severe hurricane, he places sandbags in front of his store and boards up the windows. Which technique of loss control is Jack utilizing?
