IF1 CII Insurance Legal and Regulatory (IF1) Exam Free Practice Exam Questions (2025 Updated)
Prepare effectively for your CII IF1 Insurance Legal and Regulatory (IF1) Exam certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.
A claim has arisen which is fully covered under insurer A's policy and insurer B's policy. Insurer A's policy has a sum insured of £30,000 and insurer B's policy has a sum insured of £50,000. What proportion of the claim is insurer B liable for if the principle of contribution applies on a rateable proportion by sum insured basis?
Why is effective risk management important to an insurer?
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
How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
Under the provisions of the Financial Services Act 2012. what action, if any, can the regulator take against a firm that has committed money laundering offences?
The Financial Ombudsman Service will make a ruling on a dispute between
A house slatls to have subsidence problems due to the negligence of a cable-laying company. The owner of the house claims under his household buildings insurance policy. Which principle allows the insurer to recover from the cable-laying company?
A broker collects premiums on behalf of an insurer and subsequently goes into liquidation. Various premiums are outstanding to the insurer, despite policyholders having paid the broker What action is the insurer most likely to take?
John wishes to insure his friend's house. Why would an insurer refuse to provide a quotation?
Sara searches on a comparison website for car insurance. She selects the cheapest quotation and pays by credit card
for immediate cover. This is known as
