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CII M05 Exam Syllabus Topics:

Section	Weight	Objectives
Legislation and Regulation	14%	- Consumer protection, data protection, FCA/PRA rules 1. Insurance regulatory framework
Claims and Loss Settlement	14%	- Notification, proof of loss, measure of indemnity 1. Subrogation, contribution, proximate cause
Law of Contract	12%	- Formation of contract 1. Terms, breach, remedies, privity 2. Offer, acceptance, consideration, intention
Law of Torts	8%	- Principles of tort liability 1. Negligence, nuisance, strict liability
Law of Agency	8%	- Authority, duties, rights and liabilities 1. Agent-principal relationship in insurance
Formation of Insurance Contracts	18%	- Utmost good faith, disclosure, representation 1. Insurable interest, indemnity, subrogation
English Legal System and Basic Concepts	10%	- Nature and sources of law 1. Legal persons and capacity 2. Common law, statute law, EU law
Terms and Interpretation of Insurance Contracts	16%	- Conditions, warranties, exceptions 1. Vitiating factors, construction of terms

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CII Insurance law (IL) Exam Sample Questions (Q22-Q27):

NEW QUESTION # 22
When completing a proposal form, Tom declares that he has two spent speeding convictions. How, if at all, will the spent convictions affect an underwriter's decision to write the risk?

A. They will only be considered if Tom had a further speeding conviction in the last 12 months.
B. They will be ignored in accordance with the provisions of the Rehabilitation of Offenders Act 1974.
C. They will be classed as relevant information and will affect the premium.
D. They will not be considered as this is not an underwriting factor in motor insurance risk assessment.

Answer: B

NEW QUESTION # 23
Which of the following is an example of a condition precedent in an insurance contract?

A. A policyholder's agreement to not engage in fraudulent behavior
B. The insured's duty to disclose any material changes in their circumstances
C. The insurer's requirement to pay claims within a specific period after notification
D. A policyholder's obligation to make premium payments

Answer: B

Explanation:
Explanation:Conditions precedentare actions or circumstances that must be met or fulfilled before the insurer is obligated to pay a claim. Failure to fulfill a condition precedent, such as disclosing material changes in circumstances, may result in a denial of a claim.

NEW QUESTION # 24
What is the principle of utmost good faith in insurance?

A. The insurance policy must be renewed annually.
B. A policyholder's claims must always be paid out without dispute.
C. Insurers must provide coverage for all types of risks.
D. Both parties in the contract must act honestly and disclose all material facts.

Answer: D

Explanation:
Both parties in the contract must act honestly and disclose all material facts.

NEW QUESTION # 25
A married couple have equal shares in a property and are insured under a buildings insurance policy. What is the likely position in law of a breach of good faith by one party, which was unknown to the other party?

A. Cover for both parties would be invalidated as the cover is likely to be a composite policy.
B. Cover would be maintained in full for the innocent party as the cover is likely to be a joint policy
C. Cover for both parties would be invalidated as the cover is likely to be a joint policy.
D. Cover would be maintained in full for the innocent party as the cover is likely to be a composite policy.

Answer: C

NEW QUESTION # 26
A professional indemnity policy includes a condition requiring that the insured must give prompt notice of any circumstance that could give rise to a claim. What type of condition is this?

A. A suspensive condition.
B. A condition precedent to the contract.
C. A collateral condition.
D. A condition precedent to liability.

Answer: D

NEW QUESTION # 27
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