Online Access Free C11 Exam Questions

What is a post-loss objective of risk management for an organization?

• A.Peace of mind
• B.Internal obligations
• C.External development
• D.Stable earnings

Huronial Insurance Company submitted incorporation documents and received approval to sell personal-lines property and automobile policies. Which document will the Office of the Superintendent of Financial Institutions (OSFI) issue?

• A.Insurer establishment document
• B.National insurance notice
• C.Insurer of record
• D.Order of commencement

Stuart sells his vehicle and cancels his auto policy. The insurer refunds the full unearned portion of the premium. What type of cancellation is this?

• A.Fully fixed
• B.Non-adjusted rate
• C.Total rate
• D.Pro rata

John convinces Louise to sign a contract for room and board at his house in Montreal in exchange for $1,000.
When Louise prepares to move in, John informs her that she will be staying in a room at a run-down hotel he owns. Which cause of nullity is Louise MOST LIKELY to employ to cause the contract to be of no effect?

• A.Lesion
• B.Error
• C.Fraud
• D.Violence

What should the broker provide in the broker report?

• A.Their suggested premium for the client
• B.The client's past premium and deductibles
• C.Any personal knowledge of the client
• D.Comparable accounts to assist the insurer in rating