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Exam (elaborations)
NEWLY UPDATED LM1-CII EXAM STUDYGUIDE QUESTIONS AND ANSWERS
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---25December 20252025/2026A+
- Why might a client choose the London Market in 
preference to anywhere else in the world for its 
insurance cover? 
The London Market is able to accept complex risks 
which are difficult to place elsewhere 
 
How does the London subscription market operate? 
A lead insurer quotes the terms for an insurance risk 
which is supported by following insurers each for their 
own proportion 
 
By sharing information about their risk, the insured 
satisfies which obligation? 
Good faith 
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