CII E05 dump torrent : Examination element of M05 Insurance law

E05 Exam Braindumps
  • Exam Code: E05
  • Exam Name: Examination element of M05 Insurance law
  • Updated: Jun 01, 2026
  • Q & A: 52 Questions and Answers

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CII E05 pdf dump torrent

CII Examination element of M05 Insurance law Sample Questions:

1. For this question more than 1 option is correct. You must select all the correct options to gain the mark.
The Insurance: Conduct of Business sourcebook (ICOBS) rules in respect of claims handling specify that an insurer must

A) provide reasonable guidance to an insured to help him make a claim.
B) settle a claim promptly once settlement has been agreed.
C) handle a claims notification within 14 days.
D) not unreasonably reject an insured's claim.


2. A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?

A) Power of Attorney.
B) Trust.
C) Lien.
D) Coinsurance.


3. Which divisional court of the High Court includes a Commercial Court?

A) Queen's Bench Division.
B) Chancery Division.
C) Family Division.
D) Partnership Division.


4. Two liability policies with different insurers cover the same loss of £15,000,000. The limit of liability is
£10,000,000 under policy X and £20,000,000 under policy Y. Neither policy has a non-contribution clause.
What amount will policy Y contribute towards the claim payment?

A) £5,000,000
B) £7,500,000
C) £9,000,000
D) £10,000,000


5. For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the characteristics of an express term in reaching or recording an agreement?

A) It must be evidenced in documentary form.
B) It may be oral or in writing.
C) It may be implied by conduct.
D) It will usually override any implied term which conflicts with it.


Solutions:

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

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