Exam Code: IF1
Exam Name: Insurance Legal and Regulatory (IF1) Exam
Certification Provider: CII
Corresponding Certification: Certificate in Insurance
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CII Insurance Legal and Regulatory (IF1) Sample Questions:

1. A firm of insurance brokers holds client records on an index card system and does NOT intend to computerise this information. In what circumstances, if any, will these records be covered by the Data Protection Act 2018?

A) Only if the records include details of race.
B) Only if the records include dates of birth.
C) In no circumstances.
D) In all circumstances.


2. The Principles for Business slate that all customers should be treated

A) with due respect.
B) fairly.
C) equally.
D) to a minimum standard.


3. Who is represented by a loss assessor?

A) A policyholder.
B) An underwriter.
C) A claims handler.
D) A broker.


4. Peter currently has no penalty points on his driving licence, although he was convicted of a minor motoring offence eight years ago. Why does Peter NOT need to disclose this to his motor insurer?

A) It represents a physical hazard.
B) It is a spent conviction.
C) It is information that would not influence an underwriter.
D) It represents a moral hazard.


5. Self-insurance arises when a

A) policyholder finds that he has inadvertently taken out more than one policy covering the same risk.
B) company decides to set aside a fund to pay losses that may occur.
C) policyholder decides to insure proportions of his property with different insurers.
D) number of insurers agree to collectively insure a particular risk in agreed proportions.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: B

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