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CII M05 : Insurance law (IL) Exam

M05

Exam Code: M05

Exam Name: Insurance law (IL) Exam

Updated: Jul 04, 2026

Q & A: 121 Questions and Answers

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CII Insurance law (IL) Sample Questions:

1. A breach of warranty under the general law of contract legally entitles an injured party to

A) claim damages.
B) avoid the contract ab initio.
C) avoid the contract from the date of the breach.
D) obtain specific performance.


2. What is the role of a condition precedent in an insurance policy?

A) It ensures that the insurer will cover all risks associated with a policy
B) It is a requirement that must be met before the insurer is liable for a claim
C) It outlines exclusions from coverage
D) It defines the scope of coverage for the policyholder


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

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


4. What is the role of an insurance broker in a typical insurance transaction?

A) To pay insurance premiums on behalf of the insured
B) To act as a middleman between the insurer and the insured, negotiating the terms of the policy
C) To ensure the insurer complies with all regulatory requirements
D) To provide legal advice and act as a lawyer for the insured


5. In terms of private motor insurance, a renewal offer can be accepted

A) only by the proposer personally.
B) by the proposer acting in reliance of the offer.
C) only by written communication.
D) by any third party.


Solutions:

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

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