CII Insurance Legal and Regulatory (IF1) : IF1 Exam Questions

  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Sep 08, 2026
  • Q&As: 100 Questions and Answers

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CII IF1 Exam Syllabus Topics:

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

CII Insurance Legal and Regulatory (IF1) Sample Questions:

Question #1

The purpose of Insurance Premium Tax is to

  • A. reimburse for claims of insolvent insurers
  • B. pay for flood defences.
  • C. fund the Association of British Insurers.
  • D. raise revenue for the Government.
Answer: D
Question #2

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 not be considered as this is not an underwriting factor in motor insurance risk assessment.
  • B. They will only be considered if Tom had a further speeding conviction in the last 12 months.
  • C. They will be ignored in accordance with the provisions of the Rehabilitation of Offenders Act 1974.
  • D. They will be classed as relevant information and will affect the premium.
Answer: C
Question #3

To whom, if anyone, can an agent normally delegate the responsibility imposed on net under an agency agreement?

  • A. The agent cannot delegate her responsibility.
  • B. To suitably qualified individuals only.
  • C. To anyone able to fulfil the duties.
  • D. To suitably experienced individuals only.
Answer: A
Question #4

A storm blew down the wall of a limber building. The failing wall broke electrical wiring, which short-circuited and the resultant sparks caused a fire. The lire brigade used water to put out the fire and the water caused damage to the unburnt contents. What is the proximate cause of the damage to the unburnt contents?

  • A. The storm.
  • B. The water damage.
  • C. The falling wall.
  • D. The fire.
Answer: A
Question #5

It is important to ensure the fair treatment of customers in order to comply with rules set by the

  • A. Chartered Insurance Institute.
  • B. Financial Conduct Authority.
  • C. British Insurance Brokers' Association.
  • D. Association of British Insurers.
Answer: B

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