[Oct 15, 2023] Passing Key To Getting E05 Certified Exam Engine PDF [Q27-Q47]

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[Oct 15, 2023] Passing Key To Getting E05 Certified Exam Engine PDF

E05 Exam Dumps Pass with Updated Oct-2023 Tests Dumps

CII E05 certification exam is an essential test for individuals who work in the insurance industry or those who want to pursue a career in this field. It is a challenging exam that requires a high level of knowledge and understanding of insurance law and regulation. However, it is also a valuable credential that can help individuals advance their careers and gain recognition in the industry.

CII E05 exam is an essential part of the M05 Insurance Law module and a vital step towards achieving the CII Advanced Diploma in Insurance qualification. Candidates who pass the exam demonstrate their knowledge and understanding of the legal framework of insurance and their ability to apply this knowledge to practical insurance scenarios.

NO.27 Which divisional court of the High Court includes a Commercial Court?

Queen’s Bench Division.

Partnership Division.

Chancery Division.

Family Division.

NO.28 According to statute law, an unfair term in a consumer insurance contract is defined as one which

provides insurance where the scope of cover is narrow compared to the premium charged.

causes a significant imbalance in the parties’ rights to the detriment of the consumer.

has been individually negotiated and is to the detriment of either one of the parties.

does not restrict liability for death or personal injury.

NO.29 Ambiguous terms in a household insurance contract are generally construed against the

policyholder due to the literal rule.

policyholder due to the noscitur a sociis rule.

insurer due to the contra proferentem rule.

insurer due to the ejusdem generis rule.

NO.30 What are the main objectives of the principle of insurable interest?

To reduce moral hazard and to discourage profiteering.

To reduce physical hazard and to discourage profiteering.

To reduce physical hazard and to discourage wagering.

To reduce moral hazard and to discourage wagering.

NO.31 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?

Honest opinion.

Privilege.

Statutory authority.

Necessity.

Prescription.

NO.32 For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the main sources of new English Law?

International treaties.

Case law.

Legislation.

Official law reports.

NO.33 Adam was bitten by a stray dog in Africa. He washed his wound in a pond and a week later he became very ill with a high temperature. Initially, the local hospital treated him for malaria and later treated him for the fever following the dog bite. Adam died in hospital. What is the proximate cause of his death?

The delay in seeking medical treatment.

The unhygienic washing of the dog bite.

The original physical injury of the dog bite.

The delay in obtaining the correct medical treatment.

NO.34 For this question more than 1 option is correct. You must select all the correct options to gain the mark. In a consumer insurance policy, a warranty can arise as

an express term.

a continuing warranty.

an exception clause.

a basis of the contract clause.

NO.35 Dan made a financial arrangement on behalf of Liz. However, Liz had the arrangement set aside by the court on the basis that she had been unduly influenced by Dan. To establish undue influence, the court must have specifically identified Dan as

a person holding a dominant position over Liz.

Liz’s independent financial adviser.

Liz’s husband.

a person holding a senior position at Liz’s bank.

NO.36 A riot results in a shop being damaged and the shopowner’s insurer settling the claim. A subrogation right enabling the insurer to sue the police authority arises under

tort.

a condition subsequent to liability.

a condition precedent to liability.

statute.

NO.37 A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?

Lien.

Coinsurance.

Power of Attorney.

Trust.

NO.38 For this question more than 1 option is correct. You must select all the correct options to gain the mark.
A proposer for private motorcycle insurance carelessly states the motorcycle’s engine capacity as 500cc when in fact it is 1500cc. A policy is issued by the insurer on this basis. In the event of a valid claim causing damage to the motorcycle, what potential remedies are available to the insurer under the Consumer Insurance (Disclosure and Representations) Act 2012?

Reject the claim, but maintain the policy.

Reduce the claim amount in proportion to the premium it would have charged.

Apply any terms it would have applied if the misrepresentation had not taken place.

Avoid the contract, refuse all claims and keep the premium.

NO.39 For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the characteristics of an express term in reaching or recording an agreement?

It will usually override any implied term which conflicts with it.

It must be evidenced in documentary form.

It may be oral or in writing.

It may be implied by conduct.

NO.40 A household insurance policyholder leaves his home to go to work without setting the burglar alarm. Whilst he was out, his new tumble dryer overheats and causes fire damage to the kitchen. In what circumstances may the insurer legally reject a fire claim?

If there is a subrogation action against the manufacturer of the tumble dryer.

If the policyholder exaggerates the value of the claim.

If there is a breach of a warranty requiring the burglar alarm to be set.

If the tumble dryer is covered by extended warranty insurance.

NO.41 A warranty in Emily’s personal travel insurance policy states that cash must be kept in a locked safe. Whilst on holiday, a storm destroys her hotel and its contents. When Emily completes a claim form for loss of money, she admits that her cash was NOT locked in the safe. What will be the insurer’s likely response to her claim for the lost money?

Pay the claim in full.

Reject the claim for breach of warranty.

Make an ex-gratia payment.

Avoid the policy ab initio.

NO.42 Insurance agencies are usually created by way of

implied agreement.

unilateral agreement.

express agreement.

deed of agreement.

NO.43 Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?

3 years.

6 years.

9 years.

15 years.

NO.44 For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the characteristics of a corporation aggregate?

It is an organisation with a separate legal existence to its membership.

It is not treated as a separate legal entity.

It is answerable to its shareholders or members.

It is a legal person representing one official position.

NO.45 For this question more than 1 option is correct. You must select ail the correct options to gain the mark.
In what circumstances does the Fires Prevention (Metropolis) Act 1774 require insurance companies to ensure that claims monies are used to rebuild or reinstate buildings destroyed or damaged by fire?

When fraud or arson by the insured is suspected.

Where the building was destroyed by an explosion.

Where there is underinsurance.

Upon the request of any person(s) interested in the buildings.

NO.46 How can an agency relationship be best described?

A person has transferred his obligations under a contract to another party.

A person, who has paid another party under a contract, has the right to stand in the place of that other party and avail himself of the rights and remedies of that party.

A person has the authority to act on behalf of another party.

A person has ratified another party’s action.

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