CII M05 - Insurance law (IL) Exam
- Exam Code: M05
- Exam Name: Insurance law (IL) Exam
- Updated: Jun 01, 2026
- Q & A: 121 Questions and Answers
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1. How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
A) Subrogation rights do not apply under either policy.
B) Subrogation rights only apply under a theft policy.
C) Subrogation rights apply under both policies.
D) Subrogation rights only apply under a personal accident policy.
2. In the context of an insurance claim, what does the principle of subrogation refer to?
A) The insurer's right to pursue a third party responsible for the loss
B) The insured's right to receive compensation up to the value of their loss
C) The insurer's right to reduce the claim payout
D) The insured's obligation to provide all relevant documents to the insurer
3. The Chancery Division is a division of the:
A) County Court.
B) Magistrates Court.
C) High Court.
D) Crown Court.
4. What is the intended purpose of a subrogation waiver clause in an insurance po
A) The insurer's subrogation rights will not be exercised against certain parties associated with the insured.
B) The doctrine of subrogation is excluded from the policy.
C) The insured has a duty to ensure that the insurer's subrogation rights are maintained.
D) Cover is suspended whilst the insurer pursues an action for subrogation.
5. 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) 25% for personal injury cases and 35% for employment tribunal cases.
B) 35% for both cases.
C) 50% for both cases.
D) 35% for personal injury cases and 25% for employment tribunal cases.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |
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