M05 exam dumps

CII M05 Value Package

(Include: PDF + Desktop Test Engine + Online Test Engine)

  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
  • No. of Questions: 121 Questions and Answers
  • Updated: Nov 03, 2026

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Even the happily employed keep learning, because the industry does not stand still. The M05 exam leads to the CII Insurance law (IL) certification, and the PrepAwayTest question bank helps you build the skills it verifies — 121+ Q&As with expert-verified answers.

CII M05 Exam Overview:

Certification Vendor:Chartered Insurance Institute (CII)
Exam Name:Insurance Law (IL)
Exam Number:M05
Exam Price:Approx. £195 - £240 GBP
Related Certifications:Certificate in Insurance
Advanced Diploma in Insurance
Exam Duration:60 minutes
Exam Format:Online Coursework Assignment, Multiple Choice Questions (MCQ), Multiple Response Questions
Certificate Validity Period:3 years from certification
Available Languages:English
Passing Score:65% (exam), 60% (coursework)
Real Exam Qty:50 (40 standard MCQ + 10 multiple response)
Recommended Training:CII M05 Study Materials & Training
Exam Registration:CII Official Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Online remote proctored exam or test centre; coursework completed online via RevisionMate
Pre Condition:No mandatory prerequisites; recommended for those holding Certificate in Insurance or equivalent knowledge
Official Syllabus URL:https://www.ciigroup.org/learning/qualifications/diploma-in-insurance-qualification/unit-insurance-law-m05/

CII M05 Exam Syllabus Topics:

SectionWeightObjectives
Claims and Loss Settlement14%- Notification, proof of loss, measure of indemnity
  • 1. Subrogation, contribution, proximate cause
    Law of Agency8%- Authority, duties, rights and liabilities
    • 1. Agent-principal relationship in insurance
      Formation of Insurance Contracts18%- Utmost good faith, disclosure, representation
      • 1. Insurable interest, indemnity, subrogation
        Legislation and Regulation14%- Consumer protection, data protection, FCA/PRA rules
        • 1. Insurance regulatory framework
          Terms and Interpretation of Insurance Contracts16%- Conditions, warranties, exceptions
          • 1. Vitiating factors, construction of terms
            English Legal System and Basic Concepts10%- Nature and sources of law
            • 1. Legal persons and capacity
              • 2. Common law, statute law, EU law
                Law of Contract12%- Formation of contract
                • 1. Offer, acceptance, consideration, intention
                  • 2. Terms, breach, remedies, privity
                    Law of Torts8%- Principles of tort liability
                    • 1. Negligence, nuisance, strict liability

                      M05 Exam FAQ: Structure, Speed, and Facts

                      The M05 exam contains 50 (40 standard MCQ + 10 multiple response) questions with 60 minutes minutes to complete them. A clear knowledge structure is what makes that volume manageable — you answer faster when every topic has its place.

                      Passing the M05 exam requires 65% (exam), 60% (coursework), and registration costs Approx. £195 - £240 GBP. Structured preparation is how you spend study time once and exam fees once.

                      Immediately. The system emails you at once with the download link for the CII Insurance law (IL) materials — the whole delivery process takes about a minute. Open the email, download the M05 exam product to your computer, install it, and you are studying within minutes of deciding to. If the message does not appear, check your spam folder; after 2 hours without delivery, contact support. Install on all of your own devices without limit.

                      No mandatory prerequisites; recommended for those holding Certificate in Insurance or equivalent knowledge

                      The M05 exam is the official assessment behind the CII Insurance law (IL) certification from CII. Lifelong learning has become the norm precisely because industries keep moving — and this credential is a concrete way to keep pace. Many candidates only sit it seriously on a second attempt; structured preparation is how you make the first one count.

                      CII recommends these training resources for candidates:

                      Official training adds depth; a clearly structured practice bank with verified answers adds direction. Together they cover both sides of preparation.

                      The official outline divides the M05 exam into weighted domains, including:

                      • Law of Contract (12%)
                      • Law of Torts (8%)
                      • Formation of Insurance Contracts (18%)

                      The CII Insurance law (IL) bank at PrepAwayTest mirrors this structure, so the knowledge map you build while practicing matches the one the exam uses.

                      Registration for the M05 exam runs through these official channels:

                      It is never too late to start — but starting today beats starting after one more week of hesitation.

                      Structure is the design principle. The CII Insurance law (IL) materials first build a clear knowledge structure of the M05 exam, so difficult points become understandable in sequence rather than intimidating in isolation. Our experts have prioritized the most important knowledge for busy learners, and every answer is expert-verified — so your limited hours go exactly where the objectives point.

                      CII Insurance law (IL) Sample Questions:

                      What does the Consumer Insurance (Disclosure and Representations) Act 2012 require from consumers applying for insurance?

                      • A. Consumers must answer questions about their past claims history.
                      • B. Consumers must choose an insurer based on premium prices alone.
                      • C. Consumers are required to pay for claims made during the policy term.
                      • D. Consumers must disclose all material facts honestly and accurately.
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

                      Explanation: Only visible for PrepAwayTest members. You can sign-up / login (it's free).

                      In what circumstances is abandonment automatic under a marine hull insurance policy?

                      • A. The insured has performed an action of abandonment.
                      • B. The actual total loss of the vessel.
                      • C. The insured has sent a formal notice of abandonment.
                      • D. The constructive total loss of the vessel.
                      Reveal Solution  Discussion  0

                      Correct Answer: B  🗳️

                      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. £1,200
                      • B. £2,200
                      • C. £200
                      • D. £1,000
                      Reveal Solution  Discussion  0

                      Correct Answer: C  🗳️

                      Bill owned a painting which was insured under a policy containing a first refusal clause. The painting was stolen and Bill's claim was settled, but several months later the painting was recovered by the police. As a consequence, what is Bill's position under his insurance policy?

                      • A. Bill must buy the painting back.
                      • B. Bill may exercise an option to buy the painting back.
                      • C. Bill may keep the claim settlement and also keep the painting.
                      • D. Bill must return the claim settlement in exchange for the painting.
                      Reveal Solution  Discussion  0

                      Correct Answer: B  🗳️

                      In the context of an insurance claim, what does the principle of subrogation refer to?

                      • A. The insured's obligation to provide all relevant documents to the insurer
                      • B. The insured's right to receive compensation up to the value of their loss
                      • C. The insurer's right to reduce the claim payout
                      • D. The insurer's right to pursue a third party responsible for the loss
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

                      Explanation: Only visible for PrepAwayTest members. You can sign-up / login (it's free).

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