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CII IF1

IF1

Exam Code: IF1

Exam Name: Insurance Legal and Regulatory (IF1) Exam

Updated: May 27, 2026

Q & A: 100 Questions and Answers

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About CII IF1 Exam

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CII Insurance Legal and Regulatory (IF1) Sample Questions:

1. The main function of an insurance broker is to

A) provide independent advice to clients.
B) introduce business lo a particular insurer.
C) negotiate claims.
D) act as the agent of the insurer.


2. A firm of insurance brokers holds client records on an index card system and does NOT intend to computerise this information. In what circumstances, if any, will these records be covered by the Data Protection Act 2018?

A) Only if the records include details of race.
B) Only if the records include dates of birth.
C) In all circumstances.
D) In no circumstances.


3. Bye-laws are passed at the Lloyd's Market by the

A) Corporation of Lloyd's.
B) Council of Lloyd's.
C) Lloyd's Market Association.
D) Lloyds Managing Agent.


4. Julie has cancelled her trip to tlaly as she has broken her leg. Which type of insurance policy is specifically designed to compensate Julie for any cancellation charges she has incurred?

A) An income protection insurance policy.
B) A travel insurance policy.
C) A personal accident and sickness insurance policy.
D) A money insurance policy.


5. A policyholder achieves peace of mind when insuring his car by

A) eliminating the risk of loss.
B) transferring the risk to the insurer.
C) preventing the chance of a loss occurring.
D) reducing the chance of a loss occurring.


Solutions:

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

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