Practice M05 Exam Online

Question 1

What is the maximum contingency fee percentage under a damages-based agreement that can be charged by a solicitor for personal injury cases and employment tribunal cases respectively?

A : 35% for personal injury cases and 25% for employment tribunal cases.

B : 25% for personal injury cases and 35% for employment tribunal cases.

C : 35% for both cases.

D : 50% for both cases.

Answer: B

Question 2

A manufacturer was under contract to pay a supplier El .000 on receipt of the delivery of raw materials. However, the supplier failed to deliver and the manufacturer had to purchase identical materials from another supplier for £1,200. What amount of damages is the manufacturer legally entitled to claim from the supplier who failed to deliver?

A : £200

B : £1,000

C : £1,200

D : £2,200

Answer: A

Question 3

At what stage is insurable interest required for a marine cargo insurance policy?

A : At the time of the loss only.

B : Throughout the duration of the contract.

C : At inception of the policy only.

D : At both inception of the policy and at the time of the loss.

Answer: A

Question 4

What is the role of a condition precedent in an insurance policy?

A : It defines the scope of coverage for the policyholder

B : It is a requirement that must be met before the insurer is liable for a claim

C : It outlines exclusions from coverage

D : It ensures that the insurer will cover all risks associated with a policy

Answer: B

Question 5

Which of the following is a typical remedy for an insurer when the insured breaches a warranty?

A : The insurer must continue to provide coverage, but with an increased premium

B : The insurer may cancel the contract or refuse to pay a claim

C : The insurer can sue the insured for breach of contract

D : The insurer is obligated to reduce the payout amount based on the breach

Answer: A

Name:	Insurance Law (M05)
Exam Code:	M05
Certification:	Certificate in Insurance
Vendor:	CII
Total Questions:	119
Last Updated:	May 12, 2026

CII M05 Answers