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: Aug 19, 2026

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Question 1

Which of the following is a typical remedy for an insurer when the insured breaches a warranty?

A : The insurer must continue to provide coverage, but with an increased premium

B : The insurer may cancel the contract or refuse to pay a claim

C : The insurer can sue the insured for breach of contract

D : The insurer is obligated to reduce the payout amount based on the breach

Answer: A

Question 2

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

Question 3

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 4

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 5

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

Page: 1 / 24

Total 119 Questions | Updated On: Aug 19, 2026

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