Dependable E05 Exam Dumps to Become CII Certified [Q21-Q37]

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Dependable E05 Exam Dumps to Become CII Certified

Get Ready with E05 Exam Dumps (2023)

CII E05 Certification Exam is an essential examination that tests the candidates’ knowledge and understanding of insurance law. It is a necessary certification for those who want to have a career in the insurance industry, particularly in the legal department. Examination element of M05 Insurance law certification preps individuals to understand the laws and regulations that govern the insurance industry.

NEW QUESTION 21
Why may an insurer insert a continuing warranty into an insurance policy?

To ensure that underinsurance is avoided at all times.

To enable an insurer to charge an additional premium if the warranty is continually breached.

To maintain the annual aggregate limit of liability throughout the policy period.

To encourage good risk management by the insured throughout the policy period.

NEW QUESTION 22
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

the misrepresentation was fraudulent.

the premium was paid by monthly installments.

no claim had been submitted or paid.

the misrepresentation was innocent.

NEW QUESTION 23
At what stage is insurable interest required for a marine cargo insurance policy?

At the time of the loss only.

Throughout the duration of the contract.

At inception of the policy only.

At both inception of the policy and at the time of the loss.

NEW QUESTION 24
Two liability policies with different insurers cover the same loss of £15,000,000. The limit of liability is
£10,000,000 under policy X and £20,000,000 under policy Y. Neither policy has a non-contribution clause.
What amount will policy Y contribute towards the claim payment?

£5,000,000

£7,500,000

£9,000,000

£10,000,000

NEW QUESTION 25
What is the maximum contingency fee percentage under a damages-based agreement that can be charged by a solicitor for personal injury cases and employment tribunal cases respectively?

35% for personal injury cases and 25% for employment tribunal cases.

25% for personal injury cases and 35% for employment tribunal cases.

35% for both cases.

50% for both cases.

NEW QUESTION 26
A warranty in Emily’s personal travel insurance policy states that cash must be kept in a locked safe. Whilst on holiday, a storm destroys her hotel and its contents. When Emily completes a claim form for loss of money, she admits that her cash was NOT locked in the safe. What will be the insurer’s likely response to her claim for the lost money?

Pay the claim in full.

Reject the claim for breach of warranty.

Make an ex-gratia payment.

Avoid the policy ab initio.

NEW QUESTION 27
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

an express term.

a continuing warranty.

an exception clause.

a basis of the contract clause.

NEW QUESTION 28
The proximate cause of a loss is best described as the

most dominant cause of the loss.

most remote cause of the loss.

first peril to cause the loss.

final peril to cause the loss.

NEW QUESTION 29
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?

The delay in seeking medical treatment.

The unhygienic washing of the dog bite.

The original physical injury of the dog bite.

The delay in obtaining the correct medical treatment.

NEW QUESTION 30
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?

Lien.

Coinsurance.

Power of Attorney.

Trust.

NEW QUESTION 31
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?

Reject the claim, but maintain the policy.

Reduce the claim amount in proportion to the premium it would have charged.

Apply any terms it would have applied if the misrepresentation had not taken place.

Avoid the contract, refuse all claims and keep the premium.

NEW QUESTION 32
The branch of law particularly relevant when handling negligence claims is

administrative.

constitutional law.

public law.

civil law.

NEW QUESTION 33
Ambiguous terms in a household insurance contract are generally construed against the

policyholder due to the literal rule.

policyholder due to the noscitur a sociis rule.

insurer due to the contra proferentem rule.

insurer due to the ejusdem generis rule.

NEW QUESTION 34
In what circumstances is abandonment automatic under a marine hull insurance policy?

The insured has performed an action of abandonment.

The actual total loss of the vessel.

The constructive total loss of the vessel.

The insured has sent a formal notice of abandonment.

NEW QUESTION 35
A breach of warranty under the general law of contract legally entitles an injured party to

claim damages.

avoid the contract from the date of the breach.

obtain specific performance.

avoid the contract ab initio.

NEW QUESTION 36
Which divisional court of the High Court includes a Commercial Court?

Queen’s Bench Division.

Partnership Division.

Chancery Division.

Family Division.

NEW QUESTION 37
When, if at all, does the duty of fair presentation of a risk apply after a non-consumer insurance contract has been formed?

From the date of a breach of warranty.

It does not apply as the duty is to take reasonable care not to make a misrepresentation.

Where there is a variation in the insured risk.

On submission of a claim.

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