Insurance law (IL)
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CII M05 Questions and Answers
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
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?
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It focuses on key legal principles related to insurance contracts and regulations.
Anyone pursuing CII qualifications or working in insurance and legal compliance can apply.
The exam generally contains multiple-choice questions testing knowledge and understanding.
The duration is usually 2 hours.
You need to achieve at least 70 percent to pass successfully.
It is available year-round through online and test center options.
Yes, you can retake it after your result is released.
Results are typically available within a few working days after submission.
There are no strict requirements.
You may attempt it as many times as needed until you pass.
Examination element of M05 Insurance law
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TESTED 01 Dec 2025
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