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

  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Aug 02, 2026
  • Q & A: 100 Questions and Answers

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CII IF1 Exam Syllabus Topics:

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

CII Insurance Legal and Regulatory (IF1) Sample Questions:

1. In a chain of events, the proximate cause of a loss is always the

A) only event contributing towards the loss.
B) dominant event leading to the loss.
C) last event before the loss occurs.
D) only event which is not excluded by the terms of the policy.


2. In order for a contract to be legally enforceable, what further action is required after offer and acceptance?

A) Exchange of consideration between the two parties.
B) Delivery of goods or services concerned.
C) Provision of written terms and conditions.
D) Witnessing by a third party.


3. How is Insurance Premium Tax collected within the UK?

A) By HM Revenue & Customs on individual insurance contracts.
B) By the insurer on individual insurance contracts.
C) By the insurer on the whole general and life accounts.
D) By HM Revenue & Customs on the whole general account.


4. Which principle of insurance prevents a member of the public from taking out an insurance policy on the life of a celebrity in the hope of receiving a windfall on the celebrity's death?

A) Proximate cause.
B) Good faith.
C) Insurable interest.
D) Indemnity.


5. Which general rule does the Contracts (Rights of Third Parties) Act 1999 seek to modify?

A) Contra proferentem.
B) Good faith.
C) Subrogation.
D) Privity of contract.


Solutions:

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

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