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CII Insurance law (IL) Exam Sample Questions (Q17-Q22):
NEW QUESTION # 17
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
Answer: D
NEW QUESTION # 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
Answer: B,C
NEW QUESTION # 19
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?
Answer: B
NEW QUESTION # 20
When an insurer is aware that the total value of stock is more than the sum insured and issues a policy on this basis, this is known as
Answer: B
NEW QUESTION # 21
What is the role of the Financial Ombudsman Service (FOS) in insurance disputes?
Answer: D
Explanation:
The Financial Ombudsman Service (FOS) is an independent body that helps consumers resolve disputes with financial services, including insurance companies. It provides a neutral mechanism for dispute resolution.
NEW QUESTION # 22
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