CII Insurance law (IL) - M05 Exam Practice Test
A household insurance policyholder leaves his home to go to work without setting the burglar alarm. Whilst he was out, his new tumble dryer overheats and causes fire damage to the kitchen. In what circumstances may the insurer legally reject a fire claim?
Correct Answer: C
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How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
Correct Answer: D
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According to statute law, an unfair term in a consumer insurance contract is defined as one which
Correct Answer: A
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According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer
Correct Answer: D
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Which of the following terms in an insurance policy is typically enforceable in a court of law?
Correct Answer: D
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Under UK insurance law, which document outlines the terms of the insurance agreement between the insurer and the insured?
Correct Answer: C
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A risk control survey shows that premises proposed for insurance are in close proximity to a river with a history of flooding. The underwriter will consider this fact to be a
Correct Answer: B
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When completing a proposal form, Tom declares that he has two spent speeding convictions. How, if at all, will the spent convictions affect an underwriter's decision to write the risk?
Correct Answer: B
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