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

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

Question 3

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 4

Julie has agreed to feed lan's cat whilst he is away on holiday in a remote location. When the cat becomes seriously ill. Julie is unable to contact Ian, so she takes the cat to the vet and also pays the vet's bill. In these circumstances. Julie is best described as:

A : an express agent

B : an implied agent

C : an agent by necessity

D : an agent by estoppel

Answer: B

Question 5

Which of the following is a characteristic of a contract of insurance?

A : It is always a contract of adhesion

B : It requires both parties to meet in person

C : It involves a promise of a return on investment

D : It must be written in a formal language

Answer: A

Page: 1 / 24

Total 119 Questions | Updated On: Jun 17, 2026

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