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CII E05 Exam Syllabus Topics:

SectionObjectives
Topic 1: Claims and Remedies- Claims handling process
- Fraud and avoidance of policies
- Subrogation and contribution
Topic 2: Key Legal Principles in Insurance- Disclosure and misrepresentation
- Warranties and conditions
- Insurable interest
- Utmost good faith (uberrimae fidei)
Topic 3: Liability and Tort Law- Occupiers’ liability
- Negligence principles
- Vicarious liability
Topic 4: Insurance Contract Formation- Offer, acceptance, consideration, and intention to create legal relations
- Policy wording and interpretation
Topic 5: Principles of Insurance Law- Fundamental legal principles affecting insurance contracts
- Nature and purpose of insurance law

CII Examination element of M05 Insurance law Sample Questions:

For this question more than 1 option is correct. You must select all the correct options to gain the mark. Which special defences are available to the fort of libel?

  • A. Necessity.
  • B. Prescription.
  • C. Honest opinion.
  • D. Statutory authority.
  • E. Privilege.
Reveal Solution  Discussion  0

Correct Answer: C,E  🗳️

The principle of subrogation prevents a policyholder from profiting from

  • A. submitting a full claim recovery under more than one insurance policy.
  • B. assigning abandonment rights to the insurer.
  • C. retaining salvaged property.
  • D. claiming under both his insurance policy and against any negligent third party.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

According to statute law, an unfair term in a consumer insurance contract is defined as one which

  • A. has been individually negotiated and is to the detriment of either one of the parties.
  • B. provides insurance where the scope of cover is narrow compared to the premium charged.
  • C. does not restrict liability for death or personal injury.
  • D. causes a significant imbalance in the parties' rights to the detriment of the consumer.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

A claimant may possibly recover money transferred under an illegal contract when

  • A. the legal portion of the contract can be severed from the illega portion.
  • B. the contract is against public policy but not substantive law.
  • C. both parties to the contract are equal in wrongdoing.
  • D. the illegality makes the contract voidable rather than void.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer

  • A. requires notification of a claim within a very short time period.
  • B. provides coverage that is more restrictive than that of other insurers.
  • C. applies a specific exclusion within the policy wording.
  • D. imposes a premium loading.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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