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CII Insurance law (IL) Sample Questions:
1. 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
A) only avoid the claim if the delay has seriously prejudiced its investigation and handling of the claim.
B) settle the claim and cancel the insurance policy from inception.
C) avoid the claim automatically due to the breach of the policy condition.
D) settle the claim and recover its outlay from the insured.
2. A breach of warranty under the general law of contract legally entitles an injured party to
A) avoid the contract ab initio.
B) claim damages.
C) avoid the contract from the date of the breach.
D) obtain specific performance.
3. Ambiguous terms in a household insurance contract are generally construed against the
A) policyholder due to the literal rule.
B) insurer due to the ejusdem generis rule.
C) insurer due to the contra proferentem rule.
D) policyholder due to the noscitur a sociis rule.
4. The branch of law particularly relevant when handling negligence claims is
A) constitutional law.
B) administrative.
C) civil law.
D) public law.
5. Paul made a formal offer to John and gave hun (out weeks to accept it. Three weeks later, and before, John had responded. Paul needed to withdraw the offer. What is the position in contract law?
A) John cannot enforce the contract but is entitled to claim damages from Paul.
B) Paul does not have the right to withdraw the offer within the four-week period.
C) John can enforce the contract as the offer was formally made.
D) Paul has the right to withdraw the offer at any time before acceptance.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |


