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CII M05 Exam Syllabus Topics:

SectionObjectives
Insurance Contract Terms and Vitiating Factors- Policy terms and breaches
  • 1. Warranties
  • 2. Conditions
  • 3. Representations
- Factors affecting validity
  • 1. Fraud
  • 2. Non-disclosure
  • 3. Misrepresentation
Insurance Claims- Claims process and legal principles
  • 1. Claims notification
  • 2. Claims handling
  • 3. Policyholder duties
Law of Agency and Insurance- Agency relationships
  • 1. Duties and liabilities
  • 2. Authority of agents
  • 3. Creation of agency
Law of Contract- Contract formation and operation
  • 1. Consideration
  • 2. Terms of contract
  • 3. Breach of contract
  • 4. Offer and acceptance
Subrogation and Contribution- Recovery rights and sharing of losses
  • 1. Subrogation
  • 2. Contribution
Indemnity and Loss Measurement- Principle of indemnity
  • 1. Valuation of loss
  • 2. Methods of indemnification
Law of Torts- Principles of tort law
  • 1. Trespass
  • 2. Negligence
  • 3. Nuisance
Nature and Sources of English Law and Legal Persons- Nature and sources of English law
  • 1. Common law
  • 2. Statute law
  • 3. European and international influences
- Legal personality
  • 1. Natural persons
  • 2. Juristic persons
Formation of Insurance Contracts- Core insurance principles
  • 1. Utmost good faith
  • 2. Disclosure and misrepresentation
  • 3. Insurable interest

CII Insurance law (IL) Sample Questions:

For this question more than 1 option is correct. You must select fill the correct options to gain the mark. In what circumstances would an agency agreement be automatically terminated?

  • A. Disclosure of the name of the principal.
  • B. Death of the agent.
  • C. Bankruptcy of the principal.
  • D. Bankruptcy of the agent.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?

  • A. 3 years.
  • B. 9 years.
  • C. 15 years.
  • D. 6 years.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Dan made a financial arrangement on behalf of Liz. However, Liz had the arrangement set aside by the court on the basis that she had been unduly influenced by Dan. To establish undue influence, the court must have specifically identified Dan as

  • A. a person holding a senior position at Liz's bank.
  • B. Liz's independent financial adviser.
  • C. Liz's husband.
  • D. a person holding a dominant position over Liz.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

A nurse working shifts is regularly disturbed by her neighbour givig brass instrument lessons in Ihe evenings.
She is tired and losing concentration at work but is NOT at risk of losing her job. What remedy can be provided by equity as an alternative source of law to common law?

  • A. General damages.
  • B. Specific performance
  • C. Punitive damages.
  • D. An injunction.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Which of the following is a key principle of insurance that ensures that a policyholder is not overcompensated for a loss?

  • A. Utmost good faith
  • B. Indemnity
  • C. Subrogation
  • D. Insurable interest
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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