Exam E05 Topic 1 Question 12 Discussion

Actual exam question for CII's E05 exam
Question #: 12
Topic #: 1
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?

Suggested Answer: A Vote an answer

by Ira at Jan 12, 2026, 08:11 AM

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