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CII M05 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: English Legal System and Basic Concepts10%- Nature and sources of law
  • 1. Legal persons and capacity
    • 2. Common law, statute law, EU law
      Topic 2: Law of Agency8%- Authority, duties, rights and liabilities
      • 1. Agent-principal relationship in insurance
        Topic 3: Terms and Interpretation of Insurance Contracts16%- Conditions, warranties, exceptions
        • 1. Vitiating factors, construction of terms
          Topic 4: Law of Contract12%- Formation of contract
          • 1. Terms, breach, remedies, privity
            • 2. Offer, acceptance, consideration, intention
              Topic 5: Claims and Loss Settlement14%- Notification, proof of loss, measure of indemnity
              • 1. Subrogation, contribution, proximate cause
                Topic 6: Formation of Insurance Contracts18%- Utmost good faith, disclosure, representation
                • 1. Insurable interest, indemnity, subrogation
                  Topic 7: Legislation and Regulation14%- Consumer protection, data protection, FCA/PRA rules
                  • 1. Insurance regulatory framework
                    Topic 8: Law of Torts8%- Principles of tort liability
                    • 1. Negligence, nuisance, strict liability

                      CII Insurance law (IL) Sample Questions:

                      Which of the following statements is true regarding exclusions in an insurance policy?

                      • A. Exclusions are added to increase the risk of the insurer
                      • B. Exclusions are always inapplicable if the insured pays extra for coverage
                      • C. Exclusions limit the scope of coverage, specifying situations that are not covered
                      • D. Exclusions apply only if the loss is caused by fraud
                      Reveal Solution  Discussion  0

                      Correct Answer: C  🗳️

                      Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).

                      The Chancery Division is a division of the:

                      • A. Magistrates Court.
                      • B. Crown Court.
                      • C. County Court.
                      • D. High Court.
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

                      Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).

                      Which of the following is NOT an exclusion under a typical homeowners insurance policy?

                      • A. Theft by a family member
                      • B. Fire damage caused by lightning
                      • C. Earthquake damage
                      • D. Flood damage
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

                      Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).

                      Why may an insurer insert a continuing warranty into an insurance policy?

                      • A. To encourage good risk management by the insured throughout the policy period.
                      • B. To ensure that underinsurance is avoided at all times.
                      • C. To enable an insurer to charge an additional premium if the warranty is continually breached.
                      • D. To maintain the annual aggregate limit of liability throughout the policy period.
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

                      Which body represents the solicitors' profession in England and Wales?

                      • A. The Law Society.
                      • B. The Faculty of Advocates.
                      • C. Bar Council.
                      • D. The Solicitors Regulation Authority.
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

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