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CII M05 Exam Syllabus Topics:

SectionObjectives
Insurance Contract Terms and Vitiating Factors- Policy terms and breaches
  • 1. Conditions
  • 2. Warranties
  • 3. Representations
- Factors affecting validity
  • 1. Fraud
  • 2. Misrepresentation
  • 3. Non-disclosure
Insurance Claims- Claims process and legal principles
  • 1. Policyholder duties
  • 2. Claims notification
  • 3. Claims handling
Nature and Sources of English Law and Legal Persons- Nature and sources of English law
  • 1. Statute law
  • 2. European and international influences
  • 3. Common law
- Legal personality
  • 1. Juristic persons
  • 2. Natural persons
Law of Contract- Contract formation and operation
  • 1. Terms of contract
  • 2. Consideration
  • 3. Offer and acceptance
  • 4. Breach of contract
Law of Agency and Insurance- Agency relationships
  • 1. Duties and liabilities
  • 2. Creation of agency
  • 3. Authority of agents
Indemnity and Loss Measurement- Principle of indemnity
  • 1. Valuation of loss
  • 2. Methods of indemnification
Subrogation and Contribution- Recovery rights and sharing of losses
  • 1. Subrogation
  • 2. Contribution
Formation of Insurance Contracts- Core insurance principles
  • 1. Insurable interest
  • 2. Utmost good faith
  • 3. Disclosure and misrepresentation
Law of Torts- Principles of tort law
  • 1. Trespass
  • 2. Negligence
  • 3. Nuisance

CII Insurance law (IL) Sample Questions:

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

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


2. For this question more than 1 option is correct. You must select all the correct options to gain the mark. In a consumer insurance policy, a warranty can arise as

A) an express term.
B) an exception clause.
C) a basis of the contract clause.
D) a continuing warranty.


3. A nurse working shifts is regularly disturbed by her neighbour givig brass instrument lessons in Ihe evenings.
She is tired and losing concentration at work but is NOT at risk of losing her job. What remedy can be provided by equity as an alternative source of law to common law?

A) Specific performance
B) Punitive damages.
C) An injunction.
D) General damages.


4. When a defendant deliberately destroys possessions belonging to someone else, he has committed the tort(s) of

A) trespass to goods and conversion only.
B) trespass to goods only.
C) trespass to goods, conversion, nuisance and battery.
D) trespass to goods, conversion and nuisance only,


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

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


Solutions:

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

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