[Q14-Q34] Use the best ways of preparing for E05 Exam Dumps with BraindumpStudy CII E05 PDF Dumps [2022]

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Use the best ways of preparing for E05 Exam Dumps with BraindumpStudy CII E05 dump PDF [2022]

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NO.14 The principle of subrogation prevents a policyholder from profiting from

claiming under both his insurance policy and against any negligent third party.

submitting a full claim recovery under more than one insurance policy.

retaining salvaged property.

assigning abandonment rights to the insurer.

NO.15 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.16 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.17 According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer

requires notification of a claim within a very short time period.

provides coverage that is more restrictive than that of other insurers.

imposes a premium loading.

applies a specific exclusion within the policy wording.

NO.18 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.19 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.20 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

the misrepresentation was fraudulent.

the premium was paid by monthly installments.

no claim had been submitted or paid.

the misrepresentation was innocent.

NO.21 Which divisional court of the High Court includes a Commercial Court?

Queen’s Bench Division.

Partnership Division.

Chancery Division.

Family Division.

NO.22 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.

NO.23 A property policy contains a condition regarding prompt loss notification. If the insured fails to comply with this condition, in practice, the insurer is likely to

only avoid the claim if the delay has seriously prejudiced its investigation and handling of the claim.

settle the claim and cancel the insurance policy from inception.

avoid the claim automatically due to the breach of the policy condition.

settle the claim and recover its outlay from the insured.

NO.24 When a defendant deliberately destroys possessions belonging to someone else, he has committed the tort(s) of

trespass to goods, conversion, nuisance and battery.

trespass to goods and conversion only.

trespass to goods, conversion and nuisance only,

trespass to goods only.

NO.25 In terms of private motor insurance, a renewal offer can be accepted

by the proposer acting in reliance of the offer.

only by written communication.

only by the proposer personally.

by any third party.

NO.26 Why may an insurer insert a continuing warranty into an insurance policy?

To ensure that underinsurance is avoided at all times.

To enable an insurer to charge an additional premium if the warranty is continually breached.

To maintain the annual aggregate limit of liability throughout the policy period.

To encourage good risk management by the insured throughout the policy period.

NO.27 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.28 A professional indemnity policy includes a condition requiring that the insured must give prompt notice of any circumstance that could give rise to a claim. What type of condition is this?

A suspensive condition.

A condition precedent to the contract.

A condition precedent to liability.

A collateral condition.

NO.29 The test of the materiality of facts in an insurance contract is defined according to the opinion of a

prudent underwriter.

diligent broker.

reasonable person.

honest proposer.

NO.30 For this question more than 1 option is correct. You must select all the correct options to gain the mark. How may double insurance arise?

A deliberate attempt to obtain the proceeds of two policies.

A merger between two major insurance companies.

An overlap in cover between two different types of insurance policy.

The inadvertent non-cancellation of a policy when a new policy is taken out.

NO.31 A breach of warranty under the general law of contract legally entitles an injured party to

claim damages.

avoid the contract from the date of the breach.

obtain specific performance.

avoid the contract ab initio.

NO.32 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.33 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.

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