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"Insurance law (IL) Exam", also known as M05 exam, is a CII Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 121 Q&As to your M05 Exam preparation. In the M05 exam resources, you will cover every field and category in Insurance Law (M05) Certification helping to ready you for your successful CII Certification.
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| Section | Objectives |
|---|---|
| Topic 1: Liability and Tort | - Employer and public liability
|
| Topic 2: Contract Law and Insurance Contracts | - Formation of contracts
|
| Topic 3: Legal System and Sources of Law | - Structure of the legal system
|
| Topic 4: Insurance Claims and Legal Principles | - Claims handling principles
|
| Topic 5: Agency Law | - Creation and authority of agents
|
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:
Correct Answer: C 🗳️
What does the Consumer Insurance (Disclosure and Representations) Act 2012 require from consumers applying for insurance?
Correct Answer: C 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
A breach of warranty under the general law of contract legally entitles an injured party to
Correct Answer: D 🗳️
Which divisional court of the High Court includes a Commercial Court?
Correct Answer: D 🗳️
Tim is a local insurance broker. He has authority to receive premiums for a personal lines insurer and earns commission from the insurer for sales. Paul, an elderly customer, asked Tim for advice regarding his personal insurance requirements and to assist with completing the proposal form for household insurance. In these circumstances, who, if anyone, is Tim's principal?
Correct Answer: C 🗳️
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