100% Free C11 Practice Exam Questions and Answers

Stay Ahead with Latest C11 Chartered Insurance Professional (CIP) Practice Test Questions 2026

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Total 101 Questions | Updated On: Sep 22, 2026

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Question 1

What are many of the statutory conditions designed to accomplish?

A : Provide clarity on the intent of the policy

B : Outline the steps to take to cancel the policy

C : State how PIPEDA applies to the insured and insurer

D : Shift the onus of proof from the insured to the insurer

Answer: A

Question 2

Which risk could be insured bychattel coverage?

A : Trip cancellation for a honeymoon

B : A mobile home belonging to a family

C : A half-court shot contest at a basketball game

D : Errors and omissions for a lawyer’s office

Answer: B

Question 3

If one in every five houses suffers a $50,000 loss each year, and all houses have the same value, what would the pure premium be for each homeowner?

A : $2,500

B : $5,000

C : $10,000

D : $100,000

Answer: B

Question 4

Which type of policy must be signed by a member of each participating insurer?

A : Prescription

B : All-inclusive

C : Subscription

D : Subrogation

Answer: C

Question 5

If one in every five houses suffers a $50,000 loss each year, and all houses have the same value, what would the pure premium be for each homeowner?

A : $2,500

B : $5,000

C : $10,000

D : $100,000

Answer: B

Page: 1 / 21

Total 101 Questions | Updated On: Sep 22, 2026

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