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CII M05 Exam Overview:
| Certification Vendor: | Chartered Insurance Institute (CII) |
| Exam Name: | Insurance Law (M05) |
| Exam Number: | M05 |
| Exam Format: | Multiple-choice questions, Computer-based exam |
| Available Languages: | English |
| Certificate Validity Period: | Lifetime (CII qualification does not expire once awarded) |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 100 (multiple-choice) |
| Passing Score: | 70% |
| Exam Price: | Varies by region and exam entry route (typically ~£100–£200) |
| Related Certifications: | Certificate in Insurance (Cert CII) Diploma in Insurance (Dip CII) |
| Recommended Training: | CII Revision Materials CII Learning Content (Insurance Law M05) |
| Exam Registration: | CII Exam Entry |
| Sample Questions: | CII M05 Sample Questions |
| Exam Way: | Computer-based exam (online proctored or test centre depending on region) |
| Pre Condition: | No formal prerequisites required, but prior completion of Certificate in Insurance (Cert CII) is recommended. |
| Official Syllabus URL: | https://www.cii.co.uk/qualifications/diploma-in-insurance/ |
CII M05 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Legal System and Sources of Law | - Sources of law
|
| Topic 2: Contract Law and Insurance Contracts | - Formation of contracts
|
| Topic 3: Liability and Tort | - Negligence and duty of care
|
| Topic 4: Insurance Claims and Legal Principles | - Claims handling principles
|
| Topic 5: Agency Law | - Creation and authority of agents
|
CII Insurance law (IL) Sample Questions:
1. How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
A) Subrogation rights only apply under a personal accident policy.
B) Subrogation rights do not apply under either policy.
C) Subrogation rights only apply under a theft policy.
D) Subrogation rights apply under both policies.
2. Which of the following is a characteristic of a contract of insurance?
A) It involves a promise of a return on investment
B) It is always a contract of adhesion
C) It must be written in a formal language
D) It requires both parties to meet in person
3. According to statute law, an unfair term in a consumer insurance contract is defined as one which
A) provides insurance where the scope of cover is narrow compared to the premium charged.
B) causes a significant imbalance in the parties' rights to the detriment of the consumer.
C) does not restrict liability for death or personal injury.
D) has been individually negotiated and is to the detriment of either one of the parties.
4. Fraudulent claims invalidate the policy and the insurer is entitled to cancel the policy and deny any claims associated with it. Fraud is a serious violation under the principle of utmost good faith.
What is the purpose of the Doctrine of Insurable Interest in insurance contracts?
A) To ensure that the policyholder has a financial stake in the insured item or person
B) To protect the insurer from excessive claims
C) To protect the policyholder's right to make a claim regardless of their involvement
D) To prevent the insured from profiting from a loss
5. In the context of insurance law, who is considered a third-party claimant?
A) The policyholder who initiates a claim
B) An insurance broker acting on behalf of a client
C) A family member of the policyholder
D) A person who suffers a loss or injury caused by the policyholder's actions
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
By Marvin
