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CII Insurance law (IL) Sample Questions:
1. Exemplary damages are intended to:
A) show that the defendant has aggravated Ihe injury suffered
B) award nominal compensation to the claimant
C) record the court's disapproval of the claimant's conduct
D) punish the defendant for his conduct
2. The Chancery Division is a division of the:
A) Magistrates Court.
B) County Court.
C) Crown Court.
D) High Court.
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) 50% for both cases.
C) 35% for personal injury cases and 25% for employment tribunal cases.
D) 25% for personal injury cases and 35% for employment tribunal cases.
4. Why may an insurer insert a continuing warranty into an insurance policy?
A) To enable an insurer to charge an additional premium if the warranty is continually breached.
B) To maintain the annual aggregate limit of liability throughout the policy period.
C) To ensure that underinsurance is avoided at all times.
D) To encourage good risk management by the insured throughout the policy period.
5. What is the effect of a waiver on an insurance contract?
A) It terminates the policy
B) It allows one party to ignore certain policy terms
C) It reduces the policyholder's obligation to make full disclosure
D) It allows the insurer to increase the premium
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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