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After purchase, Instant Download E05 valid dumps (Examination element of M05 Insurance law): Upon successful payment, Our systems will automatically send the product you have purchased to your mailbox by email. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)

CII Examination element of M05 Insurance law Sample Questions:

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

2. For this question more than 1 option is correct. You must select all the correct options to gain the mark. How may double insurance arise?

A) A deliberate attempt to obtain the proceeds of two policies.
B) An overlap in cover between two different types of insurance policy.
C) The inadvertent non-cancellation of a policy when a new policy is taken out.
D) A merger between two major insurance companies.

3. 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

A) the premium was paid by monthly installments.
B) the misrepresentation was fraudulent.
C) no claim had been submitted or paid.
D) the misrepresentation was innocent.

4. 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?

A) £7,500,000
B) £10,000,000
C) £9,000,000
D) £5,000,000

5. Insurance agencies are usually created by way of

A) express agreement.
B) unilateral agreement.
C) implied agreement.
D) deed of agreement.

Solutions: