CII Insurance law (IL) - M05 FREE EXAM DUMPS QUESTIONS & ANSWERS

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?

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?

Which of the following is true about insurable interest?

Which of the following best defines an insurance contract?

Which of the following is not a typical requirement for the formation of an insurance contract?

When the rule in Rylands v Fletcher operates, liability arises from the:

Which of the following regulatory bodies oversees the conduct of insurance firms in the UK?

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?