LM1 – CII ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

LM1 – CII ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS By sharing information about their risk, the insured satisfies which obligation? - Answer -Good faith The proximate cause of a loss will always be the - Answer -Dominant cause Which insurance principle gives an insurer the right to call upon other insurers to share in the settling of a claim? - Answer -Contribution A building valued at £250,000 is jointly owned by Karen and Terry, who each individually arrange insurance on it. Karen insures the building forNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: £100,000, whilst Terry insures it for £150,000. If a valid claim of £55,000 occurs how much is each insurer liable to pay? - Answer -Karen's insurer is liable for £22,000 and Terry's for £33,00