CII IF1 Q&A - in .pdf

  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Aug 24, 2026
  • Q & A: 100 Questions and Answers
  • PDF Price: $59.99
  • Printable CII IF1 PDF Format. It is an electronic file format regardless of the operating system platform.
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CII IF1 Q&A - Testing Engine

  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Aug 24, 2026
  • Q & A: 100 Questions and Answers
  • Install on multiple computers for self-paced, at-your-convenience training.
  • PC Test Engine Price: $59.99
  • Testing Engine

CII IF1 Value Pack (Frequently Bought Together)

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IF1 exam dumps

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CII IF1 Exam Syllabus Topics:

SectionWeightObjectives
Consumer Protection and Dispute Resolution8%- Financial Services Compensation Scheme (FSCS)
- Consumer Insurance (Disclosure and Representations) Act 2012
- Complaints handling procedures
- Financial Ombudsman Service (FOS)
Proximate Cause2%- Definition and identification
- Application to claims settlement
Nature and Structure of Insurance14%- Purpose and benefits of insurance
- Market structures and distribution channels
- Classification of insurance business
- Participants in the insurance market
Contract and Agency Law9%- Law of agency and authority
- Application to insurance contracts
- Essentials of a valid contract
Principle of Utmost Good Faith11%- Insurance Act 2015 provisions
- Duty of disclosure and representation
- Remedies for breach of duty
Principle of Insurable Interest5%- Definition and legal basis
- When insurable interest must exist
- Application in different insurance types
Ethics and Professional Standards3%- CII Code of Ethics
- Application to insurance scenarios
Principle of Indemnity7%- Methods of providing indemnity
- Meaning and purpose of indemnity
- Average clause application
- Exceptions to indemnity
Risk and Insurance10%- Features of insurable risk
- Risk management and control methods
- Concepts of risk and types of risk
Contribution and Subrogation6%- Right of subrogation and its limits
- Right of contribution between insurers
UK Regulatory Framework12%- Authorisation and supervision
- Insurance Distribution Directive (IDD)
- Role of PRA and FCA
- ICOBS rules and conduct standards
Compulsory Insurance and Legislation3%- Key relevant statutes
- Statutory requirements for compulsory insurance

CII Insurance Legal and Regulatory (IF1) Sample Questions:

1. Reinsurance is usually purchased by the

A) intermediary.
B) insured.
C) insurer.
D) regulator.


2. What type of risk is a widespread natural disaster?

A) A speculative risk.
B) A particular risk.
C) A pure risk.
D) A fundamental risk.


3. How would an insurer's portfolio of motor claims be shown in terms of frequency and severity?

A) High frequency, high seventy.
B) Low frequency, low seventy.
C) High frequency, low severity.
D) Low frequency, high seventy.


4. Sunita suffers a loss and makes a claim under her household contents insurance policy. When must insurable interest exist for her claim to be valid?

A) At policy inception and at the time of the loss.
B) At policy inception only.
C) At the time of the loss only.
D) At the time of the proposal.


5. What type of reduction is sometimes applied to the replacement cost of an item under an insurance policy claim in order to reflect the application of indemnity?

A) An excess.
B) Loss of interest.
C) Brokerage.
D) Wear and tear.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: D

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