Learn with CII : IF1 training material for 100% pass

Last Updated: Jul 20, 2026

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CII IF1 Exam Syllabus Topics:

SectionObjectives
Agency and Insurance Practice- Authority and responsibilities of agents and brokers
- Principles of agency law
Insurance Principles and Practice- Principles of insurance (insurable interest, utmost good faith, indemnity)
- Claims handling and underwriting basics
Legal Principles Relevant to Insurance- Law of contract
  • 1. Terms of contract and breach
    • 2. Formation of contracts
      - Law of tort
      • 1. Negligence principles
        • 2. Duty of care and liability
          Insurance Market and Environment- Key participants and their roles (insurers, brokers, intermediaries)
          - Types of insurance products and services
          - Structure of the UK insurance market
          Insurance Regulation and Compliance- Ethics and professional standards
          - Regulatory framework in the UK (FCA and PRA)
          - Conduct of business rules and consumer protection

          CII Insurance Legal and Regulatory (IF1) Sample Questions:

          1. Under the Consumer Rights Act 2015. a clause in a household insurance policy may be considered unfair if it

          A) causes a significant imbalance in the parties' rights and obligations arising under the contract, to the disadvantage of the insured.
          B) discriminates against one of the persons insured on the grounds of nationality, gender or sexual orientation only.
          C) allows any party other than the insured to enforce the insurer's obligations under the policy.
          D) imposes unreasonable obligations on the insurer in terms of costs or expenses that must be paid in addition to the amount of any loss.


          2. The website of an insurer must include the company's registered name, trading address, contact details and regulator. This is in accordance with rules enforced by the

          A) Prudential Regulation Authority.
          B) Competition and Markets Authority.
          C) Advertising Standards Authority.
          D) Financial Ombudsman Service.


          3. Sara searches on a comparison website for car insurance. She selects the cheapest quotation and pays by credit card for immediate cover. This is known as

          A) an offer.
          B) a Terms of Business Agreement.
          C) conditional acceptance.
          D) unconditional acceptance.


          4. Who can place business directly with a Lloyd's underwriter?

          A) Lloyd's brokers only.
          B) Lloyd's agents.
          C) Members of the public.
          D) Lloyd's brokers and other intermediaries.


          5. The Financial Services Compensation Scheme was established to help policyholders in the event of

          A) unreasonable policy terms and conditions.
          B) the repudiation of liability by an insurer.
          C) fraud perpetrated by an insurance broker.
          D) the financial failure of an insurance company.


          Solutions:

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

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