Free CII IF1 Exam Questions

Become CII Certified with updated IF1 exam questions and correct answers

Page: 1 / 21

Total 101 Questions | Updated On: Sep 09, 2025

Add To Cart

Question 1

If an insured signs an agreement with a hold harmless clause, this may prevent the insurer from

A : disclosing details to a third party.

B : reinsuring the risk.

C : pursuing subrogation rights.

D : increasing the premium.

Answer: C

Question 2

Who cedes business to a reinsurer?

A : The insurer.

B : The assessor.

C : The agent.

D : The insured.

Answer: A

Question 3

What legally recognised financial relationship must exist, between a policyholder and the items being insured, to constitute a valid household contents insurance policy?

A : Insurable interest.

B : Risk indemnity.

C : Vicarious liability.

D : Delegated authority.

Answer: A

Question 4

The purpose of the EU solvency requirements for insurers and intermediaries is to

A : create a standard format for the presentation of accounting data.

B : introduce monitoring procedures by the Prudential Regulation Authority.

C : provide authorisation to transact insurance business.

D : strengthen the financial security of the insurer or intermediary.

Answer: A

Question 5

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

Page: 1 / 21

Total 101 Questions | Updated On: Sep 09, 2025

Add To Cart