最新のM05問題集で試験を準備する

CII M05 試験概要:

CII M05 試験シラバストピック:

CII Insurance law (IL) 認定 M05 試験問題：

1. 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) Reject the claim, but maintain the policy.
B) Reduce the claim amount in proportion to the premium it would have charged.
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.

2. Fraudulent claims invalidate the policy and the insurer is entitled to cancel the policy and deny any claims associated with it. Fraud is a serious violation under the principle of utmost good faith.
What is the purpose of the Doctrine of Insurable Interest in insurance contracts?

A) To protect the insurer from excessive claims
B) To ensure that the policyholder has a financial stake in the insured item or person
C) To prevent the insured from profiting from a loss
D) To protect the policyholder's right to make a claim regardless of their involvement

3. 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) Paul as it is a consumer contract.
B) Both the insurer and Paul at different times.
C) No one as Tim is not a party to the insurance contract.
D) The insurer at all times.

4. A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?

A) Lien.
B) Power of Attorney.
C) Coinsurance.
D) Trust.

5. 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) 6 years.
B) 15 years.
C) 3 years.
D) 9 years.

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