CII IF1 exam - in .pdf

IF1 pdf
  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Aug 10, 2026
  • Q & A: 100 Questions and Answers
  • PDF Price: $59.99
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  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Aug 10, 2026
  • Q & A: 100 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $119.98  $79.99
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CII IF1 exam - Testing Engine

IF1 Testing Engine
  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Aug 10, 2026
  • Q & A: 100 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

About CII Insurance Legal and Regulatory (IF1) : IF1 Exam Bootcamp

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CII IF1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Risk and Insurance10%- Risk management and control methods
- Features of insurable risk
- Concepts of risk and types of risk
Topic 2: Principle of Insurable Interest5%- When insurable interest must exist
- Application in different insurance types
- Definition and legal basis
Topic 3: Nature and Structure of Insurance14%- Market structures and distribution channels
- Classification of insurance business
- Participants in the insurance market
- Purpose and benefits of insurance
Topic 4: Principle of Utmost Good Faith11%- Remedies for breach of duty
- Insurance Act 2015 provisions
- Duty of disclosure and representation
Topic 5: Compulsory Insurance and Legislation3%- Statutory requirements for compulsory insurance
- Key relevant statutes
Topic 6: Proximate Cause2%- Application to claims settlement
- Definition and identification
Topic 7: Contribution and Subrogation6%- Right of contribution between insurers
- Right of subrogation and its limits
Topic 8: Ethics and Professional Standards3%- CII Code of Ethics
- Application to insurance scenarios
Topic 9: Principle of Indemnity7%- Exceptions to indemnity
- Meaning and purpose of indemnity
- Average clause application
- Methods of providing indemnity
Topic 10: Consumer Protection and Dispute Resolution8%- Financial Services Compensation Scheme (FSCS)
- Complaints handling procedures
- Financial Ombudsman Service (FOS)
- Consumer Insurance (Disclosure and Representations) Act 2012
Topic 11: UK Regulatory Framework12%- Insurance Distribution Directive (IDD)
- Authorisation and supervision
- ICOBS rules and conduct standards
- Role of PRA and FCA
Topic 12: Contract and Agency Law9%- Essentials of a valid contract
- Application to insurance contracts
- Law of agency and authority

CII Insurance Legal and Regulatory (IF1) Sample Questions:

1. John has a whole of life policy and has recently been diagnosed with cancer. When, if at all. must he disclose this to his insurer?

A) At the date of the next premium payment.
B) Immediately, irrespective of prognosis.
C) He does not need to disclose this.
D) Immediately, but only if the diagnosis is terminal.


2. Insurers and intermediaries are required to adhere to solvency requirements as stipulated by the

A) Financial Ombudsman Service.
B) European Union.
C) Financial Services Compensation Scheme.
D) Association of British Insurers.


3. How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?

A) Subrogation rights only apply under a theft policy.
B) Subrogation rights do not apply under either policy.
C) Subrogation rights only apply under a personal accident policy.
D) Subrogation rights apply under both policies.


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.


5. If a firm is said to be risk averse, this means that it

A) undertakes its own risk management research.
B) arranges insurance protection wherever possible.
C) carries its own risk wherever possible.
D) tenders its insurance needs to the market.


Solutions:

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

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