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Exam Code: M05
Exam Questions: 119
Insurance Law (M05)
Updated: 24 Nov, 2025
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Practicing : 1 - 5 of 119 Questions
Question 1

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

Options :
Answer: A

Question 2

Which of the following is a characteristic of a contract of insurance? 

Options :
Answer: A

Question 3

For this question more than 1 option is correct. You must select all the correct options to gain the mark. A proposer for private motorcycle insurance carelessly states the motorcycle's engine capacity as 500cc when in fact it is 1500cc. A policy is issued by the insurer on this basis. In the event of a valid claim causing damage to the motorcycle, what potential remedies are available to the insurer under the Consumer Insurance (Disclosure and Representations) Act 2012?

Options :
Answer: B,C

Question 4

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?

Options :
Answer: A

Question 5

Julie has agreed to feed lan's cat whilst he is away on holiday in a remote location. When the cat becomes seriously ill. Julie is unable to contact Ian, so she takes the cat to the vet and also pays the vet's bill. In these circumstances. Julie is best described as:

Options :
Answer: B

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