E05 Practice Test Questions Updated 52 Questions
CII E05 Dumps - Secret To Pass in First Attempt
NEW QUESTION # 14
In respect of a life assurance policy, the duty to take reasonable care NOT to make a misrepresentation ends when the proposer
- A. forms the contract with the insurer.
- B. assigns the contract to a third party.
- C. signs and submits the completed proposal form to the insurer.
- D. dies and his estate submits a claim to the insurer.
Answer: A
NEW QUESTION # 15
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 will usually override any implied term which conflicts with it.
- B. It may be implied by conduct.
- C. It may be oral or in writing.
- D. It must be evidenced in documentary form.
Answer: A,C
NEW QUESTION # 16
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. A deliberate attempt to obtain the proceeds of two policies.
- B. The inadvertent non-cancellation of a policy when a new policy is taken out.
- C. A merger between two major insurance companies.
- D. An overlap in cover between two different types of insurance policy.
Answer: A,D
NEW QUESTION # 17
Bill owned a painting which was insured under a policy containing a first refusal clause. The painting was stolen and Bill's claim was settled, but several months later the painting was recovered by the police. As a consequence, what is Bill's position under his insurance policy?
- A. Bill may exercise an option to buy the painting back.
- B. Bill may keep the claim settlement and also keep the painting.
- C. Bill must return the claim settlement in exchange for the painting.
- D. Bill must buy the painting back.
Answer: A
NEW QUESTION # 18
When, if at all, does the duty of fair presentation of a risk apply after a non-consumer insurance contract has been formed?
- A. It does not apply as the duty is to take reasonable care not to make a misrepresentation.
- B. On submission of a claim.
- C. From the date of a breach of warranty.
- D. Where there is a variation in the insured risk.
Answer: D
NEW QUESTION # 19
For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the main sources of new English Law?
- A. Official law reports.
- B. International treaties.
- C. Case law.
- D. Legislation.
Answer: C,D
NEW QUESTION # 20
The test of the materiality of facts in an insurance contract is defined according to the opinion of a
- A. honest proposer.
- B. reasonable person.
- C. diligent broker.
- D. prudent underwriter.
Answer: D
NEW QUESTION # 21
Who is entitled to the surplus if a subrogation recovery from a negligent third party is greater than the amount the insurer has paid to the insured?
- A. The insurer only.
- B. The State
- C. The insured only.
- D. It is shared between the insurer and the insured.
Answer: C
NEW QUESTION # 22
For this question more than 1 option is correct. You must select all the correct options to gain the mark. Which special defences are available to the fort of libel?
- A. Honest opinion.
- B. Prescription.
- C. Statutory authority.
- D. Necessity.
- E. Privilege.
Answer: A,E
NEW QUESTION # 23
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 innocent.
- B. the premium was paid by monthly installments.
- C. the misrepresentation was fraudulent.
- D. no claim had been submitted or paid.
Answer: A
NEW QUESTION # 24
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. not unreasonably reject an insured's claim.
- B. provide reasonable guidance to an insured to help him make a claim.
- C. handle a claims notification within 14 days.
- D. settle a claim promptly once settlement has been agreed.
Answer: A,B,D
NEW QUESTION # 25
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. a continuing warranty.
- B. an exception clause.
- C. an express term.
- D. a basis of the contract clause.
Answer: C,D
NEW QUESTION # 26
What is the maximum contingency fee percentage under a damages-based agreement that can be charged by a solicitor for personal injury cases and employment tribunal cases respectively?
- A. 25% for personal injury cases and 35% for employment tribunal cases.
- B. 50% for both cases.
- C. 35% for both cases.
- D. 35% for personal injury cases and 25% for employment tribunal cases.
Answer: A
NEW QUESTION # 27
What is the intended purpose of a subrogation waiver clause in an insurance po
- A. Cover is suspended whilst the insurer pursues an action for subrogation.
- B. The insured has a duty to ensure that the insurer's subrogation rights are maintained.
- C. The insurer's subrogation rights will not be exercised against certain parties associated with the insured.
- D. The doctrine of subrogation is excluded from the policy.
Answer: C
NEW QUESTION # 28
A riot results in a shop being damaged and the shopowner's insurer settling the claim. A subrogation right enabling the insurer to sue the police authority arises under
- A. statute.
- B. a condition subsequent to liability.
- C. a condition precedent to liability.
- D. tort.
Answer: A
NEW QUESTION # 29
In terms of private motor insurance, a renewal offer can be accepted
- A. by the proposer acting in reliance of the offer.
- B. by any third party.
- C. only by the proposer personally.
- D. only by written communication.
Answer: A
NEW QUESTION # 30
What is the most common for of corporation?
- A. Registered corporation.
- B. Chartered corporation.
- C. Statutory corporation.
- D. Corporation sole.
Answer: A
NEW QUESTION # 31
Ambiguous terms in a household insurance contract are generally construed against the
- A. insurer due to the ejusdem generis rule.
- B. policyholder due to the literal rule.
- C. insurer due to the contra proferentem rule.
- D. policyholder due to the noscitur a sociis rule.
Answer: C
NEW QUESTION # 32
John owns stock that he intentionally insured for £15,000, although the full value of the stock is £18.000. His insurance policy has no excess and is subject to a pro rata condition of average. In the event of water damaging
£6.000 of John's stock, how much will the insurer pay for a valid claim after the application of average?
- A. £5,000
- B. £6,000
- C. £15,000
- D. £3,000
Answer: A
NEW QUESTION # 33
Which divisional court of the High Court includes a Commercial Court?
- A. Chancery Division.
- B. Queen's Bench Division.
- C. Family Division.
- D. Partnership Division.
Answer: A
NEW QUESTION # 34
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CII E05 Insurance law certification exam is an essential qualification for anyone looking to establish a career in the insurance industry. E05 exam tests the candidate's knowledge of the legal and regulatory framework that governs the insurance industry, including the principles of insurance law, contract law, and the legal aspects of insurance claims.
CII E05 is an examination element of the M05 Insurance Law Certification Exam. Examination element of M05 Insurance law certification is designed to provide individuals with a comprehensive understanding of insurance law and how it applies to the insurance industry. The E05 examination element is an important part of the certification process and covers a range of topics related to insurance law.
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