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CII M05 Questions & Answers - in .pdf

M05 pdf
  • Total Q&A: 121
  • Update: Aug 22, 2026
  • Price: $59.99
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  • Vendor: CII
  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
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CII M05 Q&A - Testing Engine

M05 Study Guide
  • Total Q&A: 121
  • Update: Aug 22, 2026
  • Price: $59.99
Testing Engine
  • Vendor: CII
  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
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CII M05 Exam Syllabus Topics:

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

CII Insurance law (IL) Sample Questions:

1. What is the principle of utmost good faith in insurance?

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


2. How can an agency relationship be best described?

A) A person, who has paid another party under a contract, has the right to stand in the place of that other party and avail himself of the rights and remedies of that party.
B) A person has the authority to act on behalf of another party.
C) A person has ratified another party's action.
D) A person has transferred his obligations under a contract to another party.


3. The Chancery Division is a division of the:

A) County Court.
B) Crown Court.
C) Magistrates Court.
D) High Court.


4. Which of the following is NOT an exclusion under a typical homeowners insurance policy?

A) Theft by a family member
B) Earthquake damage
C) Flood damage
D) Fire damage caused by lightning


5. What does the Consumer Insurance (Disclosure and Representations) Act 2012 require from consumers applying for insurance?

A) Consumers must disclose all material facts honestly and accurately.
B) Consumers must choose an insurer based on premium prices alone.
C) Consumers must answer questions about their past claims history.
D) Consumers are required to pay for claims made during the policy term.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: A

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M05 Related Exams
E05 - Examination element of M05 Insurance law
M05 - Insurance law (IL) Exam
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Insurance Law (M05)
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