Latest CII E05 Dumps for success in Actual Exam Oct-2023 [Q31-Q54]

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Latest CII E05 Dumps for success in Actual Exam Oct-2023]

Realistic E05 100% Pass Guaranteed Download Exam Q&A

NO.31 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.32 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?

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

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

35% for both cases.

50% for both cases.

NO.33 Who is entitled to the surplus if a subrogation recovery from a negligent third party is greater than the amount the insurer has paid to the insured?

The insured only.

The insurer only.

The State

It is shared between the insurer and the insured.

NO.34 A married couple have equal shares in a property and are insured under a buildings insurance policy. What is the likely position in law of a breach of good faith by one party, which was unknown to the other party?

Cover for both parties would be invalidated as the cover is likely to be a composite policy.

Cover would be maintained in full for the innocent party as the cover is likely to be a composite policy.

Cover for both parties would be invalidated as the cover is likely to be a joint policy.

Cover would be maintained in full for the innocent party as the cover is likely to be a joint policy

NO.35 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.36 Which divisional court of the High Court includes a Commercial Court?

Queen’s Bench Division.

Partnership Division.

Chancery Division.

Family Division.

NO.37 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.38 At what stage is insurable interest required for a marine cargo insurance policy?

At the time of the loss only.

Throughout the duration of the contract.

At inception of the policy only.

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

NO.39 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.40 In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury

through fear for his own safety in an accident.

through fear for the safety of another person involved in an accident which he witnessed.

as a result of stress or harassment at work.

as a result of grief or sorrow for the loss of a person with whom he had a close relationship.

NO.41 For this question more than 1 option is correct. You must select fill the correct options to gain the mark. In what circumstances would an agency agreement be automatically terminated?

Disclosure of the name of the principal.

Bankruptcy of the principal.

Bankruptcy of the agent.

Death of the agent.

NO.42 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?

Bill may exercise an option to buy the painting back.

Bill must return the claim settlement in exchange for the painting.

Bill must buy the painting back.

Bill may keep the claim settlement and also keep the painting.

NO.43 What is the most common for of corporation?

Registered corporation.

Chartered corporation.

Corporation sole.

Statutory corporation.

NO.44 The proximate cause of a loss is best described as the

most dominant cause of the loss.

most remote cause of the loss.

first peril to cause the loss.

final peril to cause the loss.

NO.45 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.46 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.47 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.48 For this question more than 1 option is correct. You must select all the correct options to gain the mark.
The Insurance: Conduct of Business sourcebook (ICOBS) rules in respect of claims handling specify that an insurer must

settle a claim promptly once settlement has been agreed.

handle a claims notification within 14 days.

provide reasonable guidance to an insured to help him make a claim.

not unreasonably reject an insured’s claim.

NO.49 Two liability policies with different insurers cover the same loss of £15,000,000. The limit of liability is
£10,000,000 under policy X and £20,000,000 under policy Y. Neither policy has a non-contribution clause.
What amount will policy Y contribute towards the claim payment?

£5,000,000

£7,500,000

£9,000,000

£10,000,000

NO.50 In respect of a life assurance policy, the duty to take reasonable care NOT to make a misrepresentation ends when the proposer

assigns the contract to a third party.

dies and his estate submits a claim to the insurer.

forms the contract with the insurer.

signs and submits the completed proposal form to the insurer.

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