Free CII M05 Exam Questions

Become CII Certified with updated M05 exam questions and correct answers

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Total 119 Questions | Updated On: Jun 17, 2026

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Question 1

At what stage is insurable interest required for a marine cargo insurance policy?

A : At the time of the loss only.

B : Throughout the duration of the contract.

C : At inception of the policy only.

D : At both inception of the policy and at the time of the loss.

Answer: A

Question 2

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 : Statutory authority.

D : Necessity.

E : Prescription.

Answer: A,B

Question 3

Which divisional court of the High Court includes a Commercial Court?

A : Queen's Bench Division.

B : Partnership Division.

C : Chancery Division.

D : Family Division.

Answer: C

Question 4

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 : 35% for personal injury cases and 25% for employment tribunal cases.

B : 25% for personal injury cases and 35% for employment tribunal cases.

C : 35% for both cases.

D : 50% for both cases.

Answer: B

Question 5

A claimant may possibly recover money transferred under an illegal contract when

A : the illegality makes the contract voidable rather than void.

B : both parties to the contract are equal in wrongdoing.

C : the contract is against public policy but not substantive law.

D : the legal portion of the contract can be severed from the illega portion.

Answer: B

Page: 1 / 24

Total 119 Questions | Updated On: Jun 17, 2026

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