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CII M05 Exam Syllabus Topics:

SectionObjectives
Agency Law- Creation and authority of agents
  • 1. Duties of agents and principals
    • 2. Actual and apparent authority
      Contract Law and Insurance Contracts- Insurance-specific principles
      • 1. Utmost good faith (uberrimae fidei)
        • 2. Insurable interest
          - Formation of contracts
          • 1. Offer and acceptance
            • 2. Consideration and intention
              Liability and Tort- Employer and public liability
              • 1. Vicarious liability
                • 2. Occupiers’ liability
                  - Negligence and duty of care
                  • 1. Breach and causation
                    • 2. Remedies and damages
                      Legal System and Sources of Law- Structure of the legal system
                      • 1. Civil vs criminal law distinctions
                        • 2. Courts and hierarchy
                          - Sources of law
                          • 1. Common law and equity
                            • 2. Statute law and regulations
                              Insurance Claims and Legal Principles- Claims handling principles
                              • 1. Subrogation and contribution
                                • 2. Indemnity principle

                                  CII Insurance law (IL) Sample Questions:

                                  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
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).

                                  The Chancery Division is a division of the:

                                  • A. Magistrates Court.
                                  • B. County Court.
                                  • C. Crown Court.
                                  • D. High Court.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).

                                  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.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  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.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  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
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).

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