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CII Insurance law (IL) Exam Sample Questions (Q50-Q55):

NEW QUESTION # 50
Which body represents the solicitors' profession in England and Wales?

A. The Faculty of Advocates.
B. Bar Council.
C. The Solicitors Regulation Authority.
D. The Law Society.

Answer: D

Explanation:
The Law Society represents the solicitors' profession in England and Wales. It is the professional body for solicitors, providing support, setting standards, and promoting the interests of its members.
TheSolicitors Regulation Authority (SRA)is responsible for regulating solicitors, but it is not the representative body.

NEW QUESTION # 51
What is the most common for of corporation?

A. Chartered corporation.
B. Corporation sole.
C. Statutory corporation.
D. Registered corporation.

Answer: D

NEW QUESTION # 52
In the context of insurance law, who is considered a third-party claimant?

A. A family member of the policyholder
B. The policyholder who initiates a claim
C. An insurance broker acting on behalf of a client
D. A person who suffers a loss or injury caused by the policyholder's actions

Answer: B

Explanation:
A third-party claimant is someone who is not a party to the insurance contract but claims compensation from the policyholder's insurer for losses or injuries caused by the policyholder.

NEW QUESTION # 53
Insurance agencies are usually created by way of

A. deed of agreement.
B. express agreement.
C. implied agreement.
D. unilateral agreement.

Answer: B

NEW QUESTION # 54
In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury

A. as a result of stress or harassment at work.
B. as a result of grief or sorrow for the loss of a person with whom he had a close relationship.
C. through fear for the safety of another person involved in an accident which he witnessed.
D. through fear for his own safety in an accident.

Answer: D

NEW QUESTION # 55
......

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Will Scott Will Scott

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