Free E05 Questions for CII Examination element of M05 Insurance law E05 Exam as PDF & Practice Test Engine

Exam Code/Number: E05
Exam Name/Title: Examination element of M05 Insurance law
Certification Provider: CII
Corresponding Certification: Insurance Law (M05)

Exam Questions: 52
Updated On: Sep 12, 2026

Question #1

A claimant may possibly recover money transferred under an illegal contract when

A. the contract is against public policy but not substantive law.

B. both parties to the contract are equal in wrongdoing.

C. the illegality makes the contract voidable rather than void.

D. the legal portion of the contract can be severed from the illega portion.

Discussion 0

Correct Answer: B Vote an answer

Question #2

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. handle a claims notification within 14 days.

B. settle a claim promptly once settlement has been agreed.

C. not unreasonably reject an insured's claim.

D. provide reasonable guidance to an insured to help him make a claim.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #3

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

A. avoid the contract ab initio.

B. obtain specific performance.

C. avoid the contract from the date of the breach.

D. claim damages.

Discussion 0

Correct Answer: D Vote an answer

Question #4

When, if at all, does the duty of fair presentation of a risk apply after a non-consumer insurance contract has been formed?

A. Where there is a variation in the insured risk.

B. On submission of a claim.

C. From the date of a breach of warranty.

D. It does not apply as the duty is to take reasonable care not to make a misrepresentation.

Discussion 0

Correct Answer: A Vote an answer

Question #5

What is the most common for of corporation?

A. Corporation sole.

B. Chartered corporation.

C. Registered corporation.

D. Statutory corporation.

Discussion 0

Correct Answer: C Vote an answer

Question #6

How can an agency relationship be best described?

A. A person has ratified another party's action.

B. A person, who has paid another party under a contract, has the right to stand in the place of that other party and avail himself of the rights and remedies of that party.

C. A person has transferred his obligations under a contract to another party.

D. A person has the authority to act on behalf of another party.

Discussion 0

Correct Answer: D Vote an answer

Free E05 Questions for CII Examination element of M05 Insurance law E05 Exam as PDF & Practice Test Engine

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