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CII M05 Valid Braindumps - Insurance law (IL) Exam

M05
  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
  • Updated: May 14, 2025
  • Q & A: 121 Questions and Answers
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Free Download Latest M05 Exam Tests

CII Insurance law (IL) Sample Questions:

1. As a result of a breach of good faith under a commercial insurance policy, the insurer avoided the policy as a whole, but was NOT permitted to retain the premium because

A) the misrepresentation was fraudulent.
B) the premium was paid by monthly installments.
C) no claim had been submitted or paid.
D) the misrepresentation was innocent.


2. For this question more than 1 option is correct. You must select all the correct options to gain the mark. How may double insurance arise?

A) An overlap in cover between two different types of insurance policy.
B) A merger between two major insurance companies.
C) A deliberate attempt to obtain the proceeds of two policies.
D) The inadvertent non-cancellation of a policy when a new policy is taken out.


3. The test of the materiality of facts in an insurance contract is defined according to the opinion of a

A) honest proposer.
B) diligent broker.
C) reasonable person.
D) prudent underwriter.


4. Which of the following is an example of a condition precedent in an insurance contract?

A) A policyholder's agreement to not engage in fraudulent behavior
B) The insurer's requirement to pay claims within a specific period after notification
C) The insured's duty to disclose any material changes in their circumstances
D) A policyholder's obligation to make premium payments


5. Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?

A) 6 years.
B) 9 years.
C) 15 years.
D) 3 years.


Solutions:

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

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