Free CII M05 Exam Dumps Questions & Answers

Which of the following is an essential element in the formation of an insurance contract?

• A.  The payment of a premium
• B.  A formal written agreement
• C.  A signed declaration by the policyholder
• D.  A valid claim history

In terms of private motor insurance, a renewal offer can be accepted

• A.  by any third party.
• B.  only by the proposer personally.
• C.  only by written communication.
• D.  by the proposer acting in reliance of the offer.

The branch of law particularly relevant when handling negligence claims is

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

John has a whole of life policy and has recently been diagnosed with cancer. When, if at all. must he disclose this to his insurer?

• A.  At the date of the next premium payment.
• B.  He does not need to disclose this.
• C.  Immediately, but only if the diagnosis is terminal.
• D.  Immediately, irrespective of prognosis.

Under the principle of indemnity, what is the objective of an insurance contract?

• A.  To protect the insurer from fraudulent claims
• B.  To ensure the insured receives full compensation for their loss regardless of the circumstances
• C.  To ensure the insured profits from the loss
• D.  To restore the insured to the same financial position they were in before the loss