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CII Insurance law (IL) Exam Sample Questions (Q40-Q45):

NEW QUESTION # 40
Under UK insurance law, which document outlines the terms of the insurance agreement between the insurer and the insured?

A. The proposal form
B. The statement of fact
C. The insurance policy
D. The schedule of benefits

Answer: C

Explanation:
The insurance policy is the formal document that outlines the terms, conditions, and coverage of the insurance agreement between the insurer and the insured. It specifies the risks covered, exclusions, and other contractual details.

NEW QUESTION # 41
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. Necessity.
B. Statutory authority.
C. Honest opinion.
D. Prescription.
E. Privilege.

Answer: C,E

NEW QUESTION # 42
Which divisional court of the High Court includes a Commercial Court?

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

Answer: D

NEW QUESTION # 43
Which body represents the solicitors' profession in England and Wales?

A. The Faculty of Advocates.
B. The Solicitors Regulation Authority.
C. The Law Society.
D. Bar Council.

Answer: C

Explanation:
The Law Society represents the solicitors' profession in England and Wales. It is the professional body for solicitors, providing support, setting standards, and promoting the interests of its members.
TheSolicitors Regulation Authority (SRA)is responsible for regulating solicitors, but it is not the representative body.

NEW QUESTION # 44
When an insurer is aware that the total value of stock is more than the sum insured and issues a policy on this basis, this is known as

A. a first loss policy.
B. a new for old policy.
C. a real statement.
D. an indemnity policy.

Answer: A

NEW QUESTION # 45
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CII M05 Reliable Mock Test - Reliable M05 Test Duration

Reliable CII M05 Test Duration | Practice M05 Mock

CII Insurance law (IL) Exam Sample Questions (Q40-Q45):

M05 Pass4sure Vce - M05 Latest Torrent & M05 Study Guide

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