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To pass the CII E05 certification exam, candidates must demonstrate a deep understanding of the legal principles that underpin the insurance industry. E05 exam is rigorous and requires a significant amount of preparation. Candidates must be familiar with the key concepts and principles of insurance law, as well as the latest developments in legislation and regulation. They must also be able to apply their knowledge to practical situations, such as the interpretation of insurance contracts and the resolution of disputes. Overall, the CII E05 certification exam is an essential qualification for insurance professionals who want to advance their careers and demonstrate their commitment to excellence in their field.

 

NEW QUESTION # 13
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 doctrine of subrogation is excluded from the policy.
• D. The insurer's subrogation rights will not be exercised against certain parties associated with the insured.

Answer: D

NEW QUESTION # 14
A claimant may possibly recover money transferred under an illegal contract when

• A. the illegality makes the contract voidable rather than void.
• B. the legal portion of the contract can be severed from the illega portion.
• C. the contract is against public policy but not substantive law.
• D. both parties to the contract are equal in wrongdoing.

Answer: D

NEW QUESTION # 15
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. does not restrict liability for death or personal injury.
• C. has been individually negotiated and is to the detriment of either one of the parties.
• D. causes a significant imbalance in the parties' rights to the detriment of the consumer.

Answer: D

NEW QUESTION # 16
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. dies and his estate submits a claim to the insurer.
• D. signs and submits the completed proposal form to the insurer.

Answer: A

NEW QUESTION # 17
How can an agency relationship be best described?

• A. 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.
• B. A person has the authority to act on behalf of another party.
• C. A person has transferred his obligations under a contract to another party.
• D. A person has ratified another party's action.

Answer: B

NEW QUESTION # 18
Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?

• A. 9 years.
• B. 6 years.
• C. 3 years.
• D. 15 years.

Answer: C

NEW QUESTION # 19
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. 50% for both cases.
• B. 35% for personal injury cases and 25% for employment tribunal cases.
• C. 35% for both cases.
• D. 25% for personal injury cases and 35% for employment tribunal cases.

Answer: D

NEW QUESTION # 20
The principle of subrogation prevents a policyholder from profiting from

• A. assigning abandonment rights to the insurer.
• B. retaining salvaged property.
• C. submitting a full claim recovery under more than one insurance policy.
• D. claiming under both his insurance policy and against any negligent third party.

Answer: D

NEW QUESTION # 21
Two liability policies with different insurers cover the same loss of £15,000,000. The limit of liability is
£10,000,000 under policy X and £20,000,000 under policy Y. Neither policy has a non-contribution clause.
What amount will policy Y contribute towards the claim payment?

• A. £9,000,000
• B. £5,000,000
• C. £10,000,000
• D. £7,500,000

Answer: A

NEW QUESTION # 22
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 must 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 may exercise an option to buy the painting back.

Answer: D

NEW QUESTION # 23
Adam was bitten by a stray dog in Africa. He washed his wound in a pond and a week later he became very ill with a high temperature. Initially, the local hospital treated him for malaria and later treated him for the fever following the dog bite. Adam died in hospital. What is the proximate cause of his death?

• A. The unhygienic washing of the dog bite.
• B. The original physical injury of the dog bite.
• C. The delay in obtaining the correct medical treatment.
• D. The delay in seeking medical treatment.

Answer: B

NEW QUESTION # 24
A warranty in Emily's personal travel insurance policy states that cash must be kept in a locked safe. Whilst on holiday, a storm destroys her hotel and its contents. When Emily completes a claim form for loss of money, she admits that her cash was NOT locked in the safe. What will be the insurer's likely response to her claim for the lost money?

• A. Reject the claim for breach of warranty.
• B. Avoid the policy ab initio.
• C. Make an ex-gratia payment.
• D. Pay the claim in full.

Answer: D

NEW QUESTION # 25
The test of the materiality of facts in an insurance contract is defined according to the opinion of a

• A. prudent underwriter.
• B. diligent broker.
• C. reasonable person.
• D. honest proposer.

Answer: A

NEW QUESTION # 26
The proximate cause of a loss is best described as the

• A. final peril to cause the loss.
• B. first peril to cause the loss.
• C. most remote cause of the loss.
• D. most dominant cause of the loss.

Answer: D

NEW QUESTION # 27
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 a corporation aggregate?

• A. It is an organisation with a separate legal existence to its membership.
• B. It is not treated as a separate legal entity.
• C. It is answerable to its shareholders or members.
• D. It is a legal person representing one official position.

Answer: A,C

NEW QUESTION # 28
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. no claim had been submitted or paid.
• B. the premium was paid by monthly installments.
• C. the misrepresentation was innocent.
• D. the misrepresentation was fraudulent.

Answer: C

NEW QUESTION # 29
For this question more than 1 option is correct. You must select fill the correct options to gain the mark. In what circumstances would an agency agreement be automatically terminated?

• A. Bankruptcy of the agent.
• B. Disclosure of the name of the principal.
• C. Death of the agent.
• D. Bankruptcy of the principal.

Answer: C,D

NEW QUESTION # 30
What are the main objectives of the principle of insurable interest?

• A. To reduce moral hazard and to discourage profiteering.
• B. To reduce moral hazard and to discourage wagering.
• C. To reduce physical hazard and to discourage wagering.
• D. To reduce physical hazard and to discourage profiteering.

Answer: B

NEW QUESTION # 31
A property policy contains a condition regarding prompt loss notification. If the insured fails to comply with this condition, in practice, the insurer is likely to

• A. settle the claim and cancel the insurance policy from inception.
• B. avoid the claim automatically due to the breach of the policy condition.
• C. only avoid the claim if the delay has seriously prejudiced its investigation and handling of the claim.
• D. settle the claim and recover its outlay from the insured.

Answer: B

NEW QUESTION # 32
The branch of law particularly relevant when handling negligence claims is

• A. constitutional law.
• B. civil law.
• C. public law.
• D. administrative.

Answer: B

NEW QUESTION # 33
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CII E05 Certification Exam is highly regarded in the insurance industry and is recognized globally. It is an important certification for individuals who aspire to become insurance brokers, underwriters, claims handlers, or risk managers. E05 exam provides candidates with valuable insights into the legal aspects of insurance, which will help them to perform their roles effectively and efficiently. Moreover, the CII E05 Certification Exam is a stepping stone for candidates who want to pursue further professional qualifications in insurance, such as the ACII or FCII.

 

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