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CII M05 Exam Syllabus Topics:

Section	Objectives
Law of Agency and Insurance	- Agency relationships 1. Authority of agents 2. Creation of agency 3. Duties and liabilities
Indemnity and Loss Measurement	- Principle of indemnity 1. Methods of indemnification 2. Valuation of loss
Insurance Claims	- Claims process and legal principles 1. Claims handling 2. Claims notification 3. Policyholder duties
Insurance Contract Terms and Vitiating Factors	- Policy terms and breaches 1. Representations 2. Conditions 3. Warranties - Factors affecting validity 1. Misrepresentation 2. Non-disclosure 3. Fraud
Law of Contract	- Contract formation and operation 1. Breach of contract 2. Terms of contract 3. Offer and acceptance 4. Consideration
Formation of Insurance Contracts	- Core insurance principles 1. Utmost good faith 2. Insurable interest 3. Disclosure and misrepresentation
Nature and Sources of English Law and Legal Persons	- Nature and sources of English law 1. European and international influences 2. Statute law 3. Common law - Legal personality 1. Natural persons 2. Juristic persons
Law of Torts	- Principles of tort law 1. Negligence 2. Trespass 3. Nuisance
Subrogation and Contribution	- Recovery rights and sharing of losses 1. Subrogation 2. Contribution

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CII Insurance law (IL) Exam Sample Questions (Q106-Q111):

NEW QUESTION # 106
Fran is self-employed and works from home. She uses her spare bedroom as an office and separately insures her computer, photocopier and other items of office equipment. She occasionally uses the equipment for personal use. Under the Consumer Insurance (Disclosure and Representations) Act 2012. in relation to insuring this equipment, she would be defined as a

A. non-consumer because her insurance cover is mainly for business use.
B. consumer because she is working from home rather than on business premises.
C. consumer because she is an individual.
D. non-consumer because the items covered are not household items.

Answer: C

NEW QUESTION # 107
A property policy contains a condition regarding prompt loss notification. If the insured fails to comply with this condition, in practice, the insurer is likely to

A. settle the claim and cancel the insurance policy from inception.
B. avoid the claim automatically due to the breach of the policy condition.
C. settle the claim and recover its outlay from the insured.
D. only avoid the claim if the delay has seriously prejudiced its investigation and handling of the claim.

Answer: B

NEW QUESTION # 108
The branch of law particularly relevant when handling negligence claims is

A. administrative.
B. constitutional law.
C. public law.
D. civil law.

Answer: D

NEW QUESTION # 109
In the context of an insurance claim, what does the principle of subrogation refer to?

A. The insured's right to receive compensation up to the value of their loss
B. The insurer's right to reduce the claim payout
C. The insured's obligation to provide all relevant documents to the insurer
D. The insurer's right to pursue a third party responsible for the loss

Answer: D

Explanation:
Subrogationis the principle that allows the insurer to step into the shoes of the insured and pursue any third party responsible for causing the loss. This helps the insurer recover the claim amount paid out to the insured.

NEW QUESTION # 110
What is the intended purpose of a subrogation waiver clause in an insurance po

A. The insurer's subrogation rights will not be exercised against certain parties associated with the insured.
B. The doctrine of subrogation is excluded from the policy.
C. Cover is suspended whilst the insurer pursues an action for subrogation.
D. The insured has a duty to ensure that the insurer's subrogation rights are maintained.

Answer: A

NEW QUESTION # 111
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