C12: Insurance on Property

We are pleased to announce that new course materials have been introduced into the C12: Insurance on Property curriculum, replacing the 2012/2013 materials. The Winter 2017 (April) examination and all further C12 exams will be based on the new content.

Please note that the final examination for this course is a computer-based exam.

Insurance on Property is an introduction to property insurance. As one of the building blocks of your CIP Program, this course lays the foundation for many types of property insurance, with explanations of the legislative framework that governs them and of their principles, doctrines, and other characteristics. Insurance on Property shows how that framework and those common features are reflected in the most common commercial and especially personal lines insurance policies. Insurance on Property also discusses applications of property insurance in the work of brokers and agents, underwriters, and claims adjusters. We recommend you take C11: Principles and Practice of Insurance before C12: Insurance on Property.

Course Outline

  • Introduction to Property Insurance
  • Legislation and General Principles
  • Perils and Hazards
  • Anatomy of a Property Policy: Overview
  • Anatomy of a Property Policy: The Homeowners Forms
  • Anatomy of a Property Policy: Exclusions
  • Extensions, Endorsements, Floaters
  • Other Property Coverages
  • Commercial Property Insurance
  • Applications of Property Insurance: Underwriting and Claims


Who Should Register

All insurance courses offered by the Insurance Institute are designed for individuals who want to attain a highly recognized and respected professional designation in the p&c industry. The professional designation Chartered Insurance Professional (CIP) is recognized across Canada and elsewhere around the world as the benchmark of insurance professionalism.

Insurance on Property is for industry professionals, including brokers and agents, underwriters, and adjusters, who want a comprehensive p&c education and the skills and knowledge required to advance their careers.

Course Offerings

The following are the courses, by methodology, that are being offered by the institute.

Instructor Led

Name Location Start Date End Date Class Time Delivery Method  
C12: Insurance on Property (Thursday) Online - BC 9/24/2020 11/26/2020 6 - 9 p.m. PDT Virtual
C12: Insurance on Property (Weekend) Online - BC 10/24/2020 11/28/2020 9 a.m. - 1 p.m. PDT Virtual


Name Start Date End Date Method  
C12 Quebec: Insurance on Property/C12 Quebec: L'assurance des biens 9/1/2020 11/30/2020 Independent Study
C12 Common Law: Insurance on Property/C12 Common Law : L'assurance des biens 9/1/2020 11/30/2020 Independent Study