M05 Official Practice Test, New M05 Exam Name

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CII Insurance law (IL) Exam Sample Questions (Q80-Q85):

NEW QUESTION # 80
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?

A. 35% for both cases.
B. 50% for both cases.
C. 35% for personal injury cases and 25% for employment tribunal cases.
D. 25% for personal injury cases and 35% for employment tribunal cases.

Answer: D

NEW QUESTION # 81
The branch of law particularly relevant when handling negligence claims is

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

Answer: A

NEW QUESTION # 82
A property policy contains a condition regarding prompt loss notification. If the insured fails to comply with this condition, in practice, the insurer is likely to

A. settle the claim and recover its outlay from the insured.
B. avoid the claim automatically due to the breach of the policy condition.
C. only avoid the claim if the delay has seriously prejudiced its investigation and handling of the claim.
D. settle the claim and cancel the insurance policy from inception.

Answer: B

NEW QUESTION # 83
Under UK insurance law, which document outlines the terms of the insurance agreement between the insurer and the insured?

A. The insurance policy
B. The statement of fact
C. The schedule of benefits
D. The proposal form

Answer: A

Explanation:
The insurance policy is the formal document that outlines the terms, conditions, and coverage of the insurance agreement between the insurer and the insured. It specifies the risks covered, exclusions, and other contractual details.

NEW QUESTION # 84
The Chancery Division is a division of the:

A. County Court.
B. Crown Court.
C. High Court.
D. Magistrates Court.

Answer: C

Explanation:
The Chancery Division is one of the three divisions of the High Court in the United Kingdom, dealing with matters such as business law, trusts, and intellectual property.

NEW QUESTION # 85
......

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M05 Official Practice Test, New M05 Exam Name

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CII Insurance law (IL) Exam Sample Questions (Q80-Q85):

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