Reliable Insurance Law (M05) E05 Dumps PDF Jan 19, 2022 Recently Updated Questions
Pass Your CII E05 Exam with Correct 52 Questions and Answers
NEW QUESTION 12
In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury
- A. as a result of stress or harassment at work.
- B. through fear for the safety of another person involved in an accident which he witnessed.
- C. as a result of grief or sorrow for the loss of a person with whom he had a close relationship.
- D. through fear for his own safety in an accident.
Answer: D
NEW QUESTION 13
What are the main objectives of the principle of insurable interest?
- A. To reduce moral hazard and to discourage profiteering.
- B. To reduce physical hazard and to discourage wagering.
- C. To reduce moral hazard and to discourage wagering.
- D. To reduce physical hazard and to discourage profiteering.
Answer: C
NEW QUESTION 14
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?
- A. 15 years.
- B. 9 years.
- C. 3 years.
- D. 6 years.
Answer: C
NEW QUESTION 15
The proximate cause of a loss is best described as the
- A. final peril to cause the loss.
- B. first peril to cause the loss.
- C. most dominant cause of the loss.
- D. most remote cause of the loss.
Answer: C
NEW QUESTION 16
What is the most common for of corporation?
- A. Statutory corporation.
- B. Chartered corporation.
- C. Registered corporation.
- D. Corporation sole.
Answer: C
NEW QUESTION 17
Tim is a local insurance broker. He has authority to receive premiums for a personal lines insurer and earns commission from the insurer for sales. Paul, an elderly customer, asked Tim for advice regarding his personal insurance requirements and to assist with completing the proposal form for household insurance. In these circumstances, who, if anyone, is Tim's principal?
- A. The insurer at all times.
- B. No one as Tim is not a party to the insurance contract.
- C. Both the insurer and Paul at different times.
- D. Paul as it is a consumer contract.
Answer: A
NEW QUESTION 18
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. Liz's husband.
- B. a person holding a dominant position over Liz.
- C. a person holding a senior position at Liz's bank.
- D. Liz's independent financial adviser.
Answer: B
NEW QUESTION 19
When a defendant deliberately destroys possessions belonging to someone else, he has committed the tort(s) of
- A. trespass to goods, conversion and nuisance only,
- B. trespass to goods and conversion only.
- C. trespass to goods, conversion, nuisance and battery.
- D. trespass to goods only.
Answer: D
NEW QUESTION 20
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?
- A. The delay in seeking medical treatment.
- B. The delay in obtaining the correct medical treatment.
- C. The unhygienic washing of the dog bite.
- D. The original physical injury of the dog bite.
Answer: D
NEW QUESTION 21
According to statute law, an unfair term in a consumer insurance contract is defined as one which
- A. has been individually negotiated and is to the detriment of either one of the parties.
- B. does not restrict liability for death or personal injury.
- C. causes a significant imbalance in the parties' rights to the detriment of the consumer.
- D. provides insurance where the scope of cover is narrow compared to the premium charged.
Answer: C
NEW QUESTION 22
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?
- A. Coinsurance.
- B. Lien.
- C. Trust.
- D. Power of Attorney.
Answer: C
NEW QUESTION 23
In terms of private motor insurance, a renewal offer can be accepted
- A. only by written communication.
- B. by the proposer acting in reliance of the offer.
- C. by any third party.
- D. only by the proposer personally.
Answer: B
NEW QUESTION 24
In what circumstances is abandonment automatic under a marine hull insurance policy?
- A. The insured has sent a formal notice of abandonment.
- B. The insured has performed an action of abandonment.
- C. The constructive total loss of the vessel.
- D. The actual total loss of the vessel.
Answer: D
NEW QUESTION 25
Bill owned a painting which was insured under a policy containing a first refusal clause. The painting was stolen and Bill's claim was settled, but several months later the painting was recovered by the police. As a consequence, what is Bill's position under his insurance policy?
- A. Bill must return the claim settlement in exchange for the painting.
- B. Bill may exercise an option to buy the painting back.
- C. Bill must buy the painting back.
- D. Bill may keep the claim settlement and also keep the painting.
Answer: B
NEW QUESTION 26
The test of the materiality of facts in an insurance contract is defined according to the opinion of a
- A. reasonable person.
- B. diligent broker.
- C. prudent underwriter.
- D. honest proposer.
Answer: C
NEW QUESTION 27
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?
- A. International treaties.
- B. Official law reports.
- C. Legislation.
- D. Case law.
Answer: C,D
NEW QUESTION 28
According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer
- A. provides coverage that is more restrictive than that of other insurers.
- B. requires notification of a claim within a very short time period.
- C. applies a specific exclusion within the policy wording.
- D. imposes a premium loading.
Answer: B
NEW QUESTION 29
As a result of a breach of good faith under a commercial insurance policy, the insurer avoided the policy as a whole, but was NOT permitted to retain the premium because
- A. the premium was paid by monthly installments.
- B. the misrepresentation was innocent.
- C. no claim had been submitted or paid.
- D. the misrepresentation was fraudulent.
Answer: B
NEW QUESTION 30
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. 35% for both cases.
- C. 25% for personal injury cases and 35% for employment tribunal cases.
- D. 50% for both cases.
Answer: C
NEW QUESTION 31
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Pass E05 Exam Updated 52 Questions: https://drive.google.com/open?id=1dJMEEcavsF1MkcX0Ri-wZ2NzRQax0n5y
