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E05 practice materials not only apply to students, but also apply to office workers; not only apply to veterans in the workplace, but also apply to newly recruited newcomers. Our study materials use a very simple and understandable language, to ensure that all people can learn and understand. E05 real test also allows you to avoid the boring of textbook reading, but let you master all the important knowledge in the process of doing exercises. The reasons for choosing E05 test engine are below.

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CII Examination element of M05 Insurance law Sample Questions:

1. A claimant may possibly recover money transferred under an illegal contract when

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

2. A breach of warranty under the general law of contract legally entitles an injured party to

A) avoid the contract ab initio.
B) claim damages.
C) avoid the contract from the date of the breach.
D) obtain specific performance.

3. For this question more than 1 option is correct. You must select ail the correct options to gain the mark.
In what circumstances does the Fires Prevention (Metropolis) Act 1774 require insurance companies to ensure that claims monies are used to rebuild or reinstate buildings destroyed or damaged by fire?

A) When fraud or arson by the insured is suspected.
B) Where there is underinsurance.
C) Where the building was destroyed by an explosion.
D) Upon the request of any person(s) interested in the buildings.

4. What are the main objectives of the principle of insurable interest?

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

5. For this question more than 1 option is correct. You must select all the correct options to gain the mark. In a consumer insurance policy, a warranty can arise as

A) an exception clause.
B) an express term.
C) a basis of the contract clause.
D) a continuing warranty.

Solutions: