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Updated: Oct 02, 2026
Q & A: 79 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Liability Insurance | - Commercial and general liability concepts |
| Topic 2: Risk Management | - Selecting risk techniques - Analyzing risk exposures - Monitoring and modifying risk management plans - Insurance in a risk management plan |
| Topic 3: Property Insurance Coverages | - Property coverages fundamentals |
| Topic 4: Specialized Insurance Lines | - Contractors insurance - Crime and bonds - Automobile insurance - Manufacturers, distributors, freight forwarders - Builders risk insurance |
What is governed by the Personal Information Protection and Electronic Documents Act (PIPEDA)?
Correct Answer: D 🗳️
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Graham works at a brokerage where responsibilities are divided among the staff. His daily work consists of analyzing quotations and creating client proposals. What is his role?
Correct Answer: B 🗳️
Explanation: Only visible for BraindumpsVCE members. You can sign-up / login (it's free).
When should a broker recommend that a client amend their existing risk management plan?
Correct Answer: A 🗳️
Explanation: Only visible for BraindumpsVCE members. You can sign-up / login (it's free).
In the absence of specific expertise in construction, which party will generally arrange a wrap-up liability policy?
Correct Answer: C 🗳️
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An insured has a commercial property policy with a $50,000 deductible and a policy limit of $100,000. If the insured suffers a loss of $50,000, how much will the insurer pay?
Correct Answer: A 🗳️
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