CII Examination element of M05 Insurance law E05 Exam Dumps: Updated Questions & Answers (September 2025)

To reduce moral hazard and to discourage profiteering.

To reduce physical hazard and to discourage profiteering.

To reduce physical hazard and to discourage wagering.

To reduce moral hazard and to discourage wagering.

claiming under both his insurance policy and against any negligent third party.

submitting a full claim recovery under more than one insurance policy.

retaining salvaged property.

assigning abandonment rights to the insurer.

Bill may exercise an option to buy the painting back.

Bill must return the claim settlement in exchange for the painting.

Bill must buy the painting back.

Bill may keep the claim settlement and also keep the painting.

It is an organisation with a separate legal existence to its membership.

It is not treated as a separate legal entity.

It is answerable to its shareholders or members.

It is a legal person representing one official position.

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.

A deliberate attempt to obtain the proceeds of two policies.

A merger between two major insurance companies.

An overlap in cover between two different types of insurance policy.

The inadvertent non-cancellation of a policy when a new policy is taken out.

settle a claim promptly once settlement has been agreed.

handle a claims notification within 14 days.

provide reasonable guidance to an insured to help him make a claim.

not unreasonably reject an insured's claim.

the illegality makes the contract voidable rather than void.

both parties to the contract are equal in wrongdoing.

the contract is against public policy but not substantive law.

the legal portion of the contract can be severed from the illega portion.

the misrepresentation was fraudulent.

the premium was paid by monthly installments.

no claim had been submitted or paid.

the misrepresentation was innocent.

The doctrine of subrogation is excluded from the policy.

The insured has a duty to ensure that the insurer's subrogation rights are maintained.

Cover is suspended whilst the insurer pursues an action for subrogation.

The insurer's subrogation rights will not be exercised against certain parties associated with the insured.