CII M05 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Insurance Contract Terms and Vitiating Factors | - Factors affecting validity
|
| Formation of Insurance Contracts | - Core insurance principles
|
| Law of Contract | - Contract formation and operation
|
| Law of Agency and Insurance | - Agency relationships
|
| Indemnity and Loss Measurement | - Principle of indemnity
|
| Insurance Claims | - Claims process and legal principles
|
| Subrogation and Contribution | - Recovery rights and sharing of losses
|
| Nature and Sources of English Law and Legal Persons | - Nature and sources of English law
|
| Law of Torts | - Principles of tort law
|
CII Insurance law (IL) Sample Questions:
1. Which of the following is considered an exclusion in a standard property insurance policy?
A) Loss caused by a fire
B) Theft by a third party
C) Loss due to war or civil unrest
D) Damage caused by accidental breakage
2. Fred knew Susie wanted to sell her car. On behalf of Susie, Fred agreed the sale of the car to Tina for £5.000.
That evening, Susie ratified Fred's agreement with Tina The next day. Tina decided NOT to proceed with the purchase What is Susie's legal position in these circumstances?
A) She can sue both Fred and Tina jointly for breach of good faith.
B) She has no legal right to sue.
C) She can sue Fred for breach of agency agreement.
D) She can sue Tina for breach of contract.
3. Julie has agreed to feed lan's cat whilst he is away on holiday in a remote location. When the cat becomes seriously ill. Julie is unable to contact Ian, so she takes the cat to the vet and also pays the vet's bill. In these circumstances. Julie is best described as:
A) an agent by estoppel
B) an implied agent
C) an agent by necessity
D) an express agent
4. Under the provisions of the Contracts (Rights of Third Parties) Act 1999, the right to enforce a contractual term arises if a third party.
A) is one of a general class of persons identified in the contract as benefitting from the contract.
B) proves that the parties to the contract intended to limit his rights.
C) appoints an agent to carry out the contract provisions.
D) is the agent who arranged the contract.
5. Which divisional court of the High Court includes a Commercial Court?
A) Chancery Division.
B) Partnership Division.
C) Family Division.
D) Queen's Bench Division.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
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