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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
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  • Vendor: CII
  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
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CII M05 Exam Overview:

Certification Vendor:Chartered Insurance Institute (CII)
Exam Name:Insurance Law (IL)
Exam Number:M05
Passing Score:65% (exam), 60% (coursework)
Available Languages:English
Exam Price:Approx. £195 - £240 GBP
Exam Duration:60 minutes
Real Exam Qty:50 (40 standard MCQ + 10 multiple response)
Exam Format:Multiple Choice Questions (MCQ), Multiple Response Questions, Online Coursework Assignment
Related Certifications:Certificate in Insurance
Advanced Diploma in Insurance
Certificate Validity Period:3 years from certification
Recommended Training:CII M05 Study Materials & Training
Exam Registration:CII Official Registration
Sample Questions:CII M05 Sample Questions
Exam Way:Online remote proctored exam or test centre; coursework completed online via RevisionMate
Pre Condition:No mandatory prerequisites; recommended for those holding Certificate in Insurance or equivalent knowledge
Official Syllabus URL:https://www.ciigroup.org/learning/qualifications/diploma-in-insurance-qualification/unit-insurance-law-m05/

CII M05 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Legislation and Regulation14%- Consumer protection, data protection, FCA/PRA rules
  • 1. Insurance regulatory framework
    Topic 2: Terms and Interpretation of Insurance Contracts16%- Conditions, warranties, exceptions
    • 1. Vitiating factors, construction of terms
      Topic 3: Law of Contract12%- Formation of contract
      • 1. Offer, acceptance, consideration, intention
        • 2. Terms, breach, remedies, privity
          Topic 4: Formation of Insurance Contracts18%- Utmost good faith, disclosure, representation
          • 1. Insurable interest, indemnity, subrogation
            Topic 5: Law of Agency8%- Authority, duties, rights and liabilities
            • 1. Agent-principal relationship in insurance
              Topic 6: Claims and Loss Settlement14%- Notification, proof of loss, measure of indemnity
              • 1. Subrogation, contribution, proximate cause
                Topic 7: Law of Torts8%- Principles of tort liability
                • 1. Negligence, nuisance, strict liability
                  Topic 8: English Legal System and Basic Concepts10%- Nature and sources of law
                  • 1. Common law, statute law, EU law
                    • 2. Legal persons and capacity

                      CII Insurance law (IL) Sample Questions:

                      1. A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?

                      A) Power of Attorney.
                      B) Coinsurance.
                      C) Trust.
                      D) Lien.


                      2. Which of the following is a feature of an insurance contract under the principle of "utmost good faith"?

                      A) The insured must disclose all material facts relevant to the risk.
                      B) Both parties must agree on the premium amount in advance.
                      C) The insurer must pay all claims, regardless of the terms of the policy.
                      D) The insurer must be transparent about the terms of the policy.


                      3. What is the maximum contingency fee percentage under a damages-based agreement that can be charged by a solicitor for personal injury cases and employment tribunal cases respectively?

                      A) 35% for both cases.
                      B) 35% for personal injury cases and 25% for employment tribunal cases.
                      C) 50% for both cases.
                      D) 25% for personal injury cases and 35% for employment tribunal cases.


                      4. A manufacturer was under contract to pay a supplier El .000 on receipt of the delivery of raw materials.
                      However, the supplier failed to deliver and the manufacturer had to purchase identical materials from another supplier for £1,200. What amount of damages is the manufacturer legally entitled to claim from the supplier who failed to deliver?

                      A) £1,200
                      B) £200
                      C) £2,200
                      D) £1,000


                      5. John owns stock that he intentionally insured for £15,000, although the full value of the stock is £18.000. His insurance policy has no excess and is subject to a pro rata condition of average. In the event of water damaging £6.000 of John's stock, how much will the insurer pay for a valid claim after the application of average?

                      A) £5,000
                      B) £15,000
                      C) £6,000
                      D) £3,000


                      Solutions:

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

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                      M05 Related Exams
                      E05 - Examination element of M05 Insurance law
                      Related Certifications
                      Insurance Law (M05)
                      Certificate in Insurance