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The CII E05 exam is part of the CII's M05 Insurance Law course and is aimed at individuals who wish to enhance their expertise in the legal aspects of insurance. E05 exam is an essential element of the course, and candidates must pass it to earn the certification. E05 exam covers various topics, such as the legal principles of insurance contracts, the regulatory framework for insurance, and the legal implications of insurance claims. It is a challenging exam that requires candidates to have an in-depth understanding of legal concepts and their application in the insurance industry.
CII E05 exam covers a broad range of topics, including the legal principles of insurance, the law of tort, contract law, and the regulation of insurance. E05 exam is designed to test candidates' knowledge of these areas and their ability to apply this knowledge to real-world scenarios. E05 exam is split into two parts: a multiple-choice question paper and a written exam. Candidates must pass both parts to gain the M05 Insurance Law qualification. The CII E05 exam is a challenging but rewarding experience that provides candidates with a valuable qualification that demonstrates their expertise in insurance law.
NEW QUESTION # 30
A claimant may possibly recover money transferred under an illegal contract when
- A. both parties to the contract are equal in wrongdoing.
- B. the contract is against public policy but not substantive law.
- C. the illegality makes the contract voidable rather than void.
- D. the legal portion of the contract can be severed from the illega portion.
Answer: A
NEW QUESTION # 31
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. causes a significant imbalance in the parties' rights to the detriment of the consumer.
- C. provides insurance where the scope of cover is narrow compared to the premium charged.
- D. does not restrict liability for death or personal injury.
Answer: B
NEW QUESTION # 32
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 dominant position over Liz.
- B. Liz's independent financial adviser.
- C. Liz's husband.
- D. a person holding a senior position at Liz's bank.
Answer: A
NEW QUESTION # 33
When a defendant deliberately destroys possessions belonging to someone else, he has committed the tort(s) of
- A. trespass to goods, conversion, nuisance and battery.
- B. trespass to goods only.
- C. trespass to goods and conversion only.
- D. trespass to goods, conversion and nuisance only,
Answer: B
NEW QUESTION # 34
According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer
- A. applies a specific exclusion within the policy wording.
- B. provides coverage that is more restrictive than that of other insurers.
- C. imposes a premium loading.
- D. requires notification of a claim within a very short time period.
Answer: D
NEW QUESTION # 35
For this question more than 1 option is correct. You must select all the correct options to gain the mark.
The Insurance: Conduct of Business sourcebook (ICOBS) rules in respect of claims handling specify that an insurer must
- A. not unreasonably reject an insured's claim.
- B. settle a claim promptly once settlement has been agreed.
- C. provide reasonable guidance to an insured to help him make a claim.
- D. handle a claims notification within 14 days.
Answer: A,B,C
NEW QUESTION # 36
A household insurance policyholder leaves his home to go to work without setting the burglar alarm. Whilst he was out, his new tumble dryer overheats and causes fire damage to the kitchen. In what circumstances may the insurer legally reject a fire claim?
- A. If there is a breach of a warranty requiring the burglar alarm to be set.
- B. If there is a subrogation action against the manufacturer of the tumble dryer.
- C. If the tumble dryer is covered by extended warranty insurance.
- D. If the policyholder exaggerates the value of the claim.
Answer: D
NEW QUESTION # 37
At what stage is insurable interest required for a marine cargo insurance policy?
- A. Throughout the duration of the contract.
- B. At both inception of the policy and at the time of the loss.
- C. At the time of the loss only.
- D. At inception of the policy only.
Answer: C
NEW QUESTION # 38
The test of the materiality of facts in an insurance contract is defined according to the opinion of a
- A. diligent broker.
- B. prudent underwriter.
- C. honest proposer.
- D. reasonable person.
Answer: B
NEW QUESTION # 39
For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the main sources of new English Law?
- A. International treaties.
- B. Legislation.
- C. Case law.
- D. Official law reports.
Answer: B,C
NEW QUESTION # 40
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. Death of the agent.
- B. Disclosure of the name of the principal.
- C. Bankruptcy of the agent.
- D. Bankruptcy of the principal.
Answer: A,D
NEW QUESTION # 41
Which divisional court of the High Court includes a Commercial Court?
- A. Queen's Bench Division.
- B. Chancery Division.
- C. Partnership Division.
- D. Family Division.
Answer: B
NEW QUESTION # 42
What is the intended purpose of a subrogation waiver clause in an insurance po
- A. The insured has a duty to ensure that the insurer's subrogation rights are maintained.
- B. Cover is suspended whilst the insurer pursues an action for subrogation.
- C. The insurer's subrogation rights will not be exercised against certain parties associated with the insured.
- D. The doctrine of subrogation is excluded from the policy.
Answer: C
NEW QUESTION # 43
For this question more than 1 option is correct. You must select all the correct options to gain the mark. In a consumer insurance policy, a warranty can arise as
- A. a continuing warranty.
- B. an express term.
- C. an exception clause.
- D. a basis of the contract clause.
Answer: B,D
NEW QUESTION # 44
Adam was bitten by a stray dog in Africa. He washed his wound in a pond and a week later he became very ill with a high temperature. Initially, the local hospital treated him for malaria and later treated him for the fever following the dog bite. Adam died in hospital. What is the proximate cause of his death?
- A. The unhygienic washing of the dog bite.
- B. The original physical injury of the dog bite.
- C. The delay in obtaining the correct medical treatment.
- D. The delay in seeking medical treatment.
Answer: B
NEW QUESTION # 45
A riot results in a shop being damaged and the shopowner's insurer settling the claim. A subrogation right enabling the insurer to sue the police authority arises under
- A. a condition precedent to liability.
- B. statute.
- C. tort.
- D. a condition subsequent to liability.
Answer: B
NEW QUESTION # 46
A property policy contains a condition regarding prompt loss notification. If the insured fails to comply with this condition, in practice, the insurer is likely to
- A. settle the claim and recover its outlay from the insured.
- B. avoid the claim automatically due to the breach of the policy condition.
- C. settle the claim and cancel the insurance policy from inception.
- D. only avoid the claim if the delay has seriously prejudiced its investigation and handling of the claim.
Answer: B
NEW QUESTION # 47
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