Free CII M05 Exam Dumps Questions & Answers

When a defendant deliberately destroys possessions belonging to someone else, he has committed the tort(s) of

• A.  trespass to goods and conversion only.
• B.  trespass to goods, conversion, nuisance and battery.
• C.  trespass to goods only.
• D.  trespass to goods, conversion and nuisance only,

Which of the following is a typical remedy for an insurer when the insured breaches a warranty?

• A.  The insurer may cancel the contract or refuse to pay a claim
• B.  The insurer is obligated to reduce the payout amount based on the breach
• C.  The insurer must continue to provide coverage, but with an increased premium
• D.  The insurer can sue the insured for breach of contract

What is the role of the Financial Ombudsman Service (FOS) in insurance disputes?

• A.  It issues licenses to insurance companies
• B.  It helps consumers resolve complaints with their insurers
• C.  It provides legal advice to insurers
• D.  It regulates the pricing of insurance products

In the context of insurance law, who is considered a third-party claimant?

• A.  An insurance broker acting on behalf of a client
• B.  A person who suffers a loss or injury caused by the policyholder's actions
• C.  A family member of the policyholder
• D.  The policyholder who initiates a claim

John owns stock that he intentionally insured for £15,000, although the full value of the stock is £18.000. His insurance policy has no excess and is subject to a pro rata condition of average. In the event of water damaging £6.000 of John's stock, how much will the insurer pay for a valid claim after the application of average?

• A.  £5,000
• B.  £6,000
• C.  £3,000
• D.  £15,000