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CII IF1

IF1

Exam Code: IF1

Exam Name: Insurance Legal and Regulatory (IF1) Exam

Updated: Aug 05, 2026

Q&A Number: 100 Q&As

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CII IF1 Exam Syllabus Topics:

SectionObjectives
Topic 1: Regulation and Legal Requirements- Know methods of preventing, handling and resolving consumer complaints
- Understand main regulatory and legal requirements applicable to insurance business
- Understand consumer protection and dispute resolution
Topic 2: Principles of Contract and Agency- Understand contract and agency
- Understand the principle of insurable interest
Topic 3: Key Insurance Principles- Understand the principle of good faith
- Understand the principle of indemnity
- Understand the principles of contribution and subrogation
- Understand the doctrine of proximate cause
Topic 4: Professional and Ethical Standards- Understand the CII Code of Ethics and apply principles to non-complex scenarios
Topic 5: Risk and Risk Management- Understand the nature and main features of risk within the insurance environment
- Apply main features of risk and risk management to scenarios
Topic 6: Insurance Fundamentals- Understand the main features of insurance
- Know the structure and main features of the insurance market

CII Insurance Legal and Regulatory (IF1) Sample Questions:

1. Which distribution channel for household insurance is typically characterised by high advertising and promotional costs, with no payment of commission?

A) Direct insurers.
B) Independent brokers.
C) Appointed representatives.
D) Lloyd's.


2. The main function of an insurance broker is to

A) act as the agent of the insurer.
B) negotiate claims.
C) introduce business lo a particular insurer.
D) provide independent advice to clients.


3. When completing a proposal form, Tom declares that he has two spent speeding convictions. How, if at all, will the spent convictions affect an underwriter's decision to write the risk?

A) They will only be considered if Tom had a further speeding conviction in the last 12 months.
B) They will not be considered as this is not an underwriting factor in motor insurance risk assessment.
C) They will be classed as relevant information and will affect the premium.
D) They will be ignored in accordance with the provisions of the Rehabilitation of Offenders Act 1974.


4. Sunita suffers a loss and makes a claim under her household contents insurance policy. When must insurable interest exist for her claim to be valid?

A) At the time of the proposal.
B) At the time of the loss only.
C) At policy inception and at the time of the loss.
D) At policy inception only.


5. Under common law. when does the insured's duly of fair presentation cease with regard to declarations that do NOT affect policy cover?

A) When a claim is paid.
B) When the policy contract lakes effect.
C) At renewal.
D) When a claim is submitted.


Solutions:

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

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