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

IF1 actual test
  • Exam Code: IF1
  • Exam Name: Insurance Legal and Regulatory (IF1) Exam
  • Updated: Jun 02, 2026
  • Q & A: 100 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

About CII IF1 Exam Actual Tests

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Free Download real IF1 actual tests

CII Insurance Legal and Regulatory (IF1) Sample Questions:

1. 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) Witnessing by a third party.
C) Delivery of goods or services concerned.
D) Provision of written terms and conditions.


2. An insurance company has employed an individual from a rival firm to carry out a similar job. At which stage would the regulatory requirements for retaining training and competence records first apply to the new employee, if at all?

A) From the initial interview.
B) It would not apply, as the employee is already fully competent.
C) When the employee first has contact with members of the public.
D) Within 18 months of employment.


3. A loss adjuster normally acts on behalf of the

A) insured.
B) Financial Ombudsman Service.
C) insurer.
D) Financial Services Compensation Scheme.


4. The capital requirements of insurers and intermediaries are set out by

A) Prudential Regulation Authority rules.
B) Money Laundering Regulations.
C) Data Protection legislation.
D) Proceeds of Crime Act 2002.


5. What legally recognised financial relationship must exist, between a policyholder and the items being insured, to constitute a valid household contents insurance policy?

A) Insurable interest.
B) Risk indemnity.
C) Vicarious liability.
D) Delegated authority.


Solutions:

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

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