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CII Insurance law (IL) Exam Sample Questions (Q10-Q15):
NEW QUESTION # 10
Which body represents the solicitors' profession in England and Wales?
Answer: D
Explanation:
The Law Society represents the solicitors' profession in England and Wales. It is the professional body for solicitors, providing support, setting standards, and promoting the interests of its members.
TheSolicitors Regulation Authority (SRA)is responsible for regulating solicitors, but it is not the representative body.
NEW QUESTION # 11
When, if at all, does the duty of fair presentation of a risk apply after a non-consumer insurance contract has been formed?
Answer: D
NEW QUESTION # 12
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?
Answer: C,D
NEW QUESTION # 13
How can an agency relationship be best described?
Answer: A
NEW QUESTION # 14
Which of the following is true about insurable interest?
Answer: D
Explanation:
interestrefers to the requirement that the policyholder must stand to suffer a financial loss from the event insured. In most cases, this must be proven at the time of loss, not just when the policy is issued.
NEW QUESTION # 15
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