M05試験無料問題集（121題）「CII Insurance law (IL) 認定」

出題：1

What is the basis of settlement under a new for old insurance policy if a television is stolen?

A. The original cost in full.

B. The replacement cost, less wear and tear.

C. The replacement cost in full.

D. The original cost, less wear and tear.

正解：B 解答を投票する

出題：2

What is the intended purpose of a subrogation waiver clause in an insurance po

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

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

C. The doctrine of subrogation is excluded from the policy.

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

正解：B 解答を投票する

出題：3

Tim is a local insurance broker. He has authority to receive premiums for a personal lines insurer and earns commission from the insurer for sales. Paul, an elderly customer, asked Tim for advice regarding his personal insurance requirements and to assist with completing the proposal form for household insurance. In these circumstances, who, if anyone, is Tim's principal?

A. No one as Tim is not a party to the insurance contract.

B. The insurer at all times.

C. Both the insurer and Paul at different times.

D. Paul as it is a consumer contract.

正解：B 解答を投票する

出題：4

The principle of subrogation prevents a policyholder from profiting from

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

B. assigning abandonment rights to the insurer.

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

D. retaining salvaged property.

正解：A 解答を投票する

出題：5

For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the characteristics of an express term in reaching or recording an agreement?

A. It must be evidenced in documentary form.

B. It may be oral or in writing.

C. It may be implied by conduct.

D. It will usually override any implied term which conflicts with it.

正解：B,D 解答を投票する

出題：6

If the amount to be paid in the event of a total loss of insured property is agreed between the proposer and the insurer at inception of the policy, this is a modification of the principle of

A. subrogation.

B. contribution.

C. good faith.

D. indemnity.

正解：D 解答を投票する

出題：7

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

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

C. A merger between two major insurance companies.

D. A deliberate attempt to obtain the proceeds of two policies.

正解：A,D 解答を投票する

出題：8

For this question more than 1 option is correct. You must select all the correct options to gain the mark.
Which special defences are available to the fort of libel?

A. Honest opinion.

B. Privilege.

C. Necessity.

D. Prescription.

E. Statutory authority.

正解：A,B 解答を投票する

出題：9

What are the main objectives of the principle of insurable interest?

A. To reduce moral hazard and to discourage wagering.

B. To reduce moral hazard and to discourage profiteering.

C. To reduce physical hazard and to discourage profiteering.

D. To reduce physical hazard and to discourage wagering.

正解：A 解答を投票する

出題：10

What type of reduction is sometimes applied to the replacement cost of an item under an insurance policy claim in order to reflect the application of indemnity?

A. Loss of interest.

B. An excess.

C. Brokerage.

D. Wear and tear.

正解：D 解答を投票する

M05試験無料問題集「CII Insurance law (IL) 認定」