CII M05 Q&A - in .pdf

  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
  • Updated: Jul 14, 2026
  • Q & A: 121 Questions and Answers
  • PDF Price: $59.99
  • Printable CII M05 PDF Format. It is an electronic file format regardless of the operating system platform.
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CII M05 Q&A - Testing Engine

  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
  • Updated: Jul 14, 2026
  • Q & A: 121 Questions and Answers
  • Install on multiple computers for self-paced, at-your-convenience training.
  • PC Test Engine Price: $59.99
  • Testing Engine

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About CII Insurance law (IL) - M05 Exam Actual Tests

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CII Insurance law (IL) Sample Questions:

1. 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) 9 years.
B) 15 years.
C) 3 years.
D) 6 years.


2. What does the principle of "indemnity" generally prevent in an insurance contract?

A) Insuring property for more than its actual value
B) Allowing the insured to profit from the loss
C) Setting premiums based on market conditions
D) Limiting the insurer's liability


3. A breach of warranty under the general law of contract legally entitles an injured party to

A) avoid the contract from the date of the breach.
B) avoid the contract ab initio.
C) claim damages.
D) obtain specific performance.


4. When completing a proposal form, Tom declares that he has two spent speeding convictions. How, if at all, will the spent convictions affect an underwriter's decision to write the risk?

A) They will only be considered if Tom had a further speeding conviction in the last 12 months.
B) They will be ignored in accordance with the provisions of the Rehabilitation of Offenders Act 1974.
C) They will not be considered as this is not an underwriting factor in motor insurance risk assessment.
D) They will be classed as relevant information and will affect the premium.


5. The principle of indemnity is the

A) obligation of the insurer to provide a maximum sum insured or limit of liability.
B) obligation of the insurer to pay all valid claims according to the terms and conditions of the policy.
C) placing of the insured, after a loss, in the same financial position as enjoyed immediately before the loss.
D) placing of the insured, at expiry of a policy, in the same financial position as enjoyed at inception.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: C

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