Free CII IF1 Exam Questions

Become CII Certified with updated IF1 exam questions and correct answers

Page: 1 / 21

Total 101 Questions | Updated On: Jun 16, 2026

Add To Cart

Question 1

Reinsurance is usually purchased by the

A : intermediary.

B : insurer.

C : regulator.

D : insured.

Answer: B

Question 2

The website of an insurer must include the company's registered name, trading address, contact details and regulator. This is in accordance with rules enforced by the

A : Advertising Standards Authority.

B : Competition and Markets Authority.

C : Prudential Regulation Authority.

D : Financial Ombudsman Service.

Answer: D

Question 3

Who cedes business to a reinsurer?

A : The insurer.

B : The assessor.

C : The agent.

D : The insured.

Answer: A

Question 4

If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?

A : The policyholder.

B : The premises.

C : The policy cover details.

D : The insured perils.

Answer: B

Question 5

John and his wife arrange a household contents insurance policy in joint names with insurer A for a sum insured of £10,000. His wife arranges a second policy on the same basis with insurer B for a sum insured of £20,000. Both policies have identical terms and conditions. What is insurer A's liability if a valid claim of £3,000 is subsequently made?

A : £1,000

B : £1,500

C : £2,000

D : £3,000

Answer: A

Page: 1 / 21

Total 101 Questions | Updated On: Jun 16, 2026

Add To Cart