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CII M05 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Agency Law | - Creation and authority of agents
|
| Contract Law and Insurance Contracts | - Insurance-specific principles
|
| Liability and Tort | - Employer and public liability
|
| Legal System and Sources of Law | - Structure of the legal system
|
| Insurance Claims and Legal Principles | - Claims handling principles
|
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
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.
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.
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.
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
Correct Answer: B 🗳️
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