Free Online CII E05 Practice Test

Prepare Your CII E05 Exam Questions with Free online E05 Practice Test. Get Brilliant Examination element of M05 Insurance law Exam Results with Valid E05 Exam Dumps.

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Total 50 Questions | Updated On: May 16, 2024

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Question 1

The proximate cause of a loss is best described as the

A : most dominant cause of the loss.

B : most remote cause of the loss.

C : first peril to cause the loss.

D : final peril to cause the loss.

Answer: A

Question 2

What is the most common for of corporation?

A : Registered corporation.

B : Chartered corporation.

C : Corporation sole.

D : Statutory corporation.

Answer: A

Question 3

The test of the materiality of facts in an insurance contract is defined according to the opinion of a

A : prudent underwriter.

B : diligent broker.

C : reasonable person.

D : honest proposer.

Answer: A

Question 4

A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?

A : Lien.

B : Coinsurance.

C : Power of Attorney.

D : Trust.

Answer: D

Question 5

John owns stock that he intentionally insured for £15,000, although the full value of the stock is £18.000. His insurance policy has no excess and is subject to a pro rata condition of average. In the event of water damaging £6.000 of John's stock, how much will the insurer pay for a valid claim after the application of average?

A : £3,000

B : £5,000

C : £6,000

D : £15,000

Answer: B

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Total 50 Questions | Updated On: May 16, 2024

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