[Mar-2024] Check your preparation for CII E05 On-Demand Exam
Practice Exam E05 Realistic Dumps Verified Questions
CII E05 exam is a key component of the CII’s M05 Insurance Law qualification. E05 exam is designed for insurance professionals who wish to develop their knowledge of insurance law, and who are looking to enhance their career prospects in the industry. The E05 exam is intended to assess candidates’ understanding of key legal principles and their application to the insurance industry.
NEW QUESTION # 30
At what stage is insurable interest required for a marine cargo insurance policy?
- A. At inception of the policy only.
- B. At both inception of the policy and at the time of the loss.
- C. At the time of the loss only.
- D. Throughout the duration of the contract.
Answer: C
NEW QUESTION # 31
Insurance agencies are usually created by way of
- A. implied agreement.
- B. deed of agreement.
- C. express agreement.
- D. unilateral agreement.
Answer: C
NEW QUESTION # 32
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. only avoid the claim if the delay has seriously prejudiced its investigation and handling of the claim.
- B. settle the claim and cancel the insurance policy from inception.
- C. settle the claim and recover its outlay from the insured.
- D. avoid the claim automatically due to the breach of the policy condition.
Answer: D
NEW QUESTION # 33
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. Privilege.
- B. Necessity.
- C. Prescription.
- D. Statutory authority.
- E. Honest opinion.
Answer: A,E
NEW QUESTION # 34
When, if at all, does the duty of fair presentation of a risk apply after a non-consumer insurance contract has been formed?
- A. On submission of a claim.
- B. It does not apply as the duty is to take reasonable care not to make a misrepresentation.
- C. Where there is a variation in the insured risk.
- D. From the date of a breach of warranty.
Answer: C
NEW QUESTION # 35
In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury
- A. as a result of stress or harassment at work.
- B. through fear for the safety of another person involved in an accident which he witnessed.
- C. as a result of grief or sorrow for the loss of a person with whom he had a close relationship.
- D. through fear for his own safety in an accident.
Answer: D
NEW QUESTION # 36
A breach of warranty under the general law of contract legally entitles an injured party to
- A. obtain specific performance.
- B. avoid the contract ab initio.
- C. claim damages.
- D. avoid the contract from the date of the breach.
Answer: C
NEW QUESTION # 37
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 delay in seeking medical treatment.
- C. The original physical injury of the dog bite.
- D. The delay in obtaining the correct medical treatment.
Answer: C
NEW QUESTION # 38
When a defendant deliberately destroys possessions belonging to someone else, he has committed the tort(s) of
- A. trespass to goods and conversion only.
- B. trespass to goods, conversion and nuisance only,
- C. trespass to goods only.
- D. trespass to goods, conversion, nuisance and battery.
Answer: C
NEW QUESTION # 39
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. 3 years.
- B. 6 years.
- C. 15 years.
- D. 9 years.
Answer: A
NEW QUESTION # 40
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. the premium was paid by monthly installments.
- B. no claim had been submitted or paid.
- C. the misrepresentation was innocent.
- D. the misrepresentation was fraudulent.
Answer: C
NEW QUESTION # 41
For this question more than 1 option is correct. You must select all the correct options to gain the mark.
A proposer for private motorcycle insurance carelessly states the motorcycle's engine capacity as 500cc when in fact it is 1500cc. A policy is issued by the insurer on this basis. In the event of a valid claim causing damage to the motorcycle, what potential remedies are available to the insurer under the Consumer Insurance (Disclosure and Representations) Act 2012?
- A. Reduce the claim amount in proportion to the premium it would have charged.
- B. Reject the claim, but maintain the policy.
- C. Avoid the contract, refuse all claims and keep the premium.
- D. Apply any terms it would have applied if the misrepresentation had not taken place.
Answer: A,D
NEW QUESTION # 42
Tim is a local insurance broker. He has authority to receive premiums for a personal lines insurer and earns commission from the insurer for sales. Paul, an elderly customer, asked Tim for advice regarding his personal insurance requirements and to assist with completing the proposal form for household insurance. In these circumstances, who, if anyone, is Tim's principal?
- A. Both the insurer and Paul at different times.
- B. No one as Tim is not a party to the insurance contract.
- C. The insurer at all times.
- D. Paul as it is a consumer contract.
Answer: C
NEW QUESTION # 43
The proximate cause of a loss is best described as the
- A. most dominant cause of the loss.
- B. most remote cause of the loss.
- C. final peril to cause the loss.
- D. first peril to cause the loss.
Answer: A
NEW QUESTION # 44
In what circumstances is abandonment automatic under a marine hull insurance policy?
- A. The insured has performed an action of abandonment.
- B. The constructive total loss of the vessel.
- C. The actual total loss of the vessel.
- D. The insured has sent a formal notice of abandonment.
Answer: C
NEW QUESTION # 45
How can an agency relationship be best described?
- A. A person has transferred his obligations under a contract to another party.
- B. A person has the authority to act on behalf of another party.
- C. A person has ratified another party's action.
- D. 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.
Answer: B
NEW QUESTION # 46
Which divisional court of the High Court includes a Commercial Court?
- A. Queen's Bench Division.
- B. Chancery Division.
- C. Partnership Division.
- D. Family Division.
Answer: B
NEW QUESTION # 47
What is the most common for of corporation?
- A. Corporation sole.
- B. Chartered corporation.
- C. Registered corporation.
- D. Statutory corporation.
Answer: C
NEW QUESTION # 48
The branch of law particularly relevant when handling negligence claims is
- A. administrative.
- B. civil law.
- C. constitutional law.
- D. public law.
Answer: B
NEW QUESTION # 49
Why may an insurer insert a continuing warranty into an insurance policy?
- A. To encourage good risk management by the insured throughout the policy period.
- B. To enable an insurer to charge an additional premium if the warranty is continually breached.
- C. To ensure that underinsurance is avoided at all times.
- D. To maintain the annual aggregate limit of liability throughout the policy period.
Answer: A
NEW QUESTION # 50
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