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CII M05 Exam Overview:
| Certification Vendor: | Chartered Insurance Institute (CII) |
| Exam Name: | Insurance Law (M05) |
| Exam Number: | M05 |
| Related Certifications: | Certificate in Insurance (Cert CII) Diploma in Insurance (Dip CII) |
| Real Exam Qty: | 100 (multiple-choice) |
| Available Languages: | English |
| Certificate Validity Period: | Lifetime (CII qualification does not expire once awarded) |
| Exam Duration: | 120 minutes |
| Exam Price: | Varies by region and exam entry route (typically ~£100–£200) |
| Exam Format: | Multiple-choice questions, Computer-based exam |
| Passing Score: | 70% |
| 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 |
|---|---|
| Legal System and Sources of Law | - Sources of law
|
| Insurance Claims and Legal Principles | - Claims handling principles
|
| Contract Law and Insurance Contracts | - Insurance-specific principles
|
| Agency Law | - Creation and authority of agents
|
| Liability and Tort | - Negligence and duty of care
|
CII Insurance law (IL) Sample Questions:
1. Insurance agencies are usually created by way of
A) express agreement.
B) implied agreement.
C) unilateral agreement.
D) deed of agreement.
2. Which of the following is a characteristic of a contract of insurance?
A) It must be written in a formal language
B) It involves a promise of a return on investment
C) It requires both parties to meet in person
D) It is always a contract of adhesion
3. Which of the following is an example of a condition precedent in an insurance contract?
A) The insured's duty to disclose any material changes in their circumstances
B) A policyholder's agreement to not engage in fraudulent behavior
C) The insurer's requirement to pay claims within a specific period after notification
D) A policyholder's obligation to make premium payments
4. Which of the following is a key principle of insurance that ensures that a policyholder is not overcompensated for a loss?
A) Subrogation
B) Utmost good faith
C) Insurable interest
D) Indemnity
5. In the context of insurance, what does "utmost good faith" (uberrimae fidei) require?
A) The policyholder must always pay premiums in advance
B) The insurer must offer the policyholder the best possible coverage
C) The insurance contract must be written in simple, easy-to-understand language
D) Both parties must fully disclose all relevant information
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |
By Lionel
