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CII E05 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Nature and Sources of English Law and Natural Legal Persons | - Nature and sources of English law
|
| Insurance Contract Terms and Vitiating Factors | - Policy terms and validity
|
| Law of Contract | - Contract formation and operation
|
| Indemnity and Measurement of Loss | - Application of indemnity
|
| Insurance Claims | - Claims process and legal principles
|
| Subrogation and Contribution | - Recovery and sharing of losses
|
| Formation of Insurance Contracts | - Insurance contract principles
|
| Law of Agency and Insurance | - Agency relationships
|
| Law of Torts | - Principles of tort law
|
CII Examination element of M05 Insurance law Sample Questions:
1. 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) settle a claim promptly once settlement has been agreed.
B) not unreasonably reject an insured's claim.
C) provide reasonable guidance to an insured to help him make a claim.
D) handle a claims notification within 14 days.
2. A claimant may possibly recover money transferred under an illegal contract when
A) the contract is against public policy but not substantive law.
B) both parties to the contract are equal in wrongdoing.
C) the legal portion of the contract can be severed from the illega portion.
D) the illegality makes the contract voidable rather than void.
3. The branch of law particularly relevant when handling negligence claims is
A) civil law.
B) public law.
C) constitutional law.
D) administrative.
4. A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?
A) Power of Attorney.
B) Coinsurance.
C) Trust.
D) Lien.
5. 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) requires notification of a claim within a very short time period.
D) imposes a premium loading.
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |




