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Chartered Insurance Institute
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Insurance Law (M05)

M05 (25 CII credits – Diploma level credits)

Insurance Law provides candidates with an insight into the laws which underpin the operations of insurance. It is about enabling candidates to demonstrate a knowledge and understanding of the laws which form the background to the operation of insurance, the system within which these laws operate and are administered and apply knowledge and skills to practical situations.

In this unit we look at general legal principles, how the legal system works, and legal personality - how the law applies to different types of person and organisation. We consider the law of torts and examine civil wrongs such as negligence, trespass and nuisance. This is relevant to liability insurance because most claims under liability policies are based on tort. We also consider the law of contract. This is central to the business of insurance where an insurance policy is a contract in which insurers promise to pay claims. We examine the law of agency which is often regarded as a branch of law of contract. This is important because the majority of insurance policies are sold through an agent of some type.

We deal with the law of insurance contracts, how they come into force and how the various parts of an insurance contract operate. Insurance is subject to special legal principles and we look at two of the main ones, insurable interest and utmost good faith.

We look at losses and insurance claims. We examine the legal rules which govern the duties of the insured when they make a claim, how the loss is measured, and how insurers may call upon others to share the loss. Special legal principles are involved, including those of proximate cause, indemnity, subrogation and contribution.

Building a successful career in insurance
Insurance Law (M05) counts towards a Diploma in Insurance. Please note it is assumed that the candidate has knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.


Summary of learning outcomes:

  1. Understand the nature and sources of English law and the concept of natural legal persons.
  2. Understand the principles of the law of torts and the characteristics of the main torts.
  3. Understand the law of contract.
  4. Understand the law of agency and its application to insurance.
  5. Understand the main principles governing the formation of insurance contracts.
  6. Understand the classification and interpretation of insurance contract terms, the effects of their breach and other vitiating factors.
  7. Understand the main legal principles governing the making of an insurance claim.
  8. Understand how losses are measured and how the principle of indemnity applies to insurance claims.
  9. Understand how the principles of subrogation and contribution apply to insurance claims.

More information:

Assessment 

  • Coursework assignment with 10 compulsory short answer questions; and a 60 minute exam comprising 50 multiple-choice questions (MCQs)
  • 60% coursework nominal pass mark
  • 65% exam nominal pass mark

Recommended study hours: 120

Printed and digital options

*** Click here for an important notice for international deliveries ***

By purchasing the ‘Printed and digital’ option, you will incur an additional charge for postage and packaging:

£7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.

£15 per order: All other countries.

For more information on Digital-only options, please visit: 'Digital Only' FAQ's 

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Enrolment - 2020-21 edition (study text applicable to exams sat 01 May 20 to 30 Apr 21)

Members
£433.00
Non-members
£530.00
Study text, assessment and exam entry

Included in your Enrolment:

Study text

Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

A printable PDF and ebook of the study text are available on RevisionMate. Access is only available during your enrolment period. Online updates to the study text will also be made available (further details are included on the title page of the study text).

Printable PDF

PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

  • ensure you have sufficient paper/ink/toner before starting to print, as study texts are typically 200 pages long; and
  • print double-sided, if supported by your printer.

ebook

ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printed copy of the study text

If you would like a printed copy of the study text, please select the ‘Printed and digital’ option, which will incur postage and packaging charges:

  • £7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.
  • £15 per order: All other countries.

RevisionMate

You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Access is only available during your enrolment period.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum and the latest examination guide.

Examination guide
This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.

Exam entry

Exams can be booked at the point of enrolment or at a later date.

Coursework assignments
The coursework assignment is submitted online via www.revisionmate.com, the CII’s online study tool. It consists of 10 questions that range between 10 and 30 marks and which sequentially follow the syllabus learning outcomes. You must gain 120 out of 200 marks to pass this component. The coursework assignment must be submitted within the first 6 months of the enrolment period. Assignments should be between 5,000–10,000 words in length.

Marking of assignments is included with the study text enrolment fee. Should a candidate fail an assignment, a re-submission fee will apply.

Find out more at www.cii.co.uk/coursework.


Study text, assessment and exam entry

Included in your Enrolment:

Study text

Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

A printable PDF and ebook of the study text are available on RevisionMate. Access is only available during your enrolment period. Online updates to the study text will also be made available (further details are included on the title page of the study text).

Printable PDF

PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

  • ensure you have sufficient paper/ink/toner before starting to print, as study texts are typically 200 pages long; and
  • print double-sided, if supported by your printer.

ebook

ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printed copy of the study text

If you would like a printed copy of the study text, please select the ‘Printed and digital’ option, which will incur postage and packaging charges:

  • £7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.
  • £15 per order: All other countries.

RevisionMate

You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Access is only available during your enrolment period.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum and the latest examination guide.

Examination guide
This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.

Exam entry

Exams can be booked at the point of enrolment or at a later date.

Coursework assignments
The coursework assignment is submitted online via www.revisionmate.com, the CII’s online study tool. It consists of 10 questions that range between 10 and 30 marks and which sequentially follow the syllabus learning outcomes. You must gain 120 out of 200 marks to pass this component. The coursework assignment must be submitted within the first 6 months of the enrolment period. Assignments should be between 5,000–10,000 words in length.

Marking of assignments is included with the study text enrolment fee. Should a candidate fail an assignment, a re-submission fee will apply.

Find out more at www.cii.co.uk/coursework.

Redeem exam voucher or book re-sit

Members
£112.00
Non-members
£153.00
Unit M05 exam
 

Revision aid – 2020-21 edition (study text applicable to exams sat 01 May 20 to 30 Apr 21)

Members
£31.00
Non-members
£36.00
Key facts booklet (Digital only)

Key facts booklet

Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. 

A printable PDF and ebook of the key facts booklet are available on RevisionMate. Please note that access is only available during your enrolment period. 

This product will be added to your RevisionMate account within 2 working days of purchasing.

PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

  • ensure you have sufficient paper/ink/toner before starting to print, as study texts are typically 200 pages long; and
  • print double-sided, if supported by your printer.

ebook

ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printed copy of the key facts booklet

If you would like a printed copy of the key facts booklet, please select the ‘Printed and digital’ option, which will incur postage and packaging charges:

  • £7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.
  • £15 per order: All other countries.

Key facts booklet (Digital only)

Key facts booklet

Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. 

A printable PDF and ebook of the key facts booklet are available on RevisionMate. Please note that access is only available during your enrolment period. 

This product will be added to your RevisionMate account within 2 working days of purchasing.

PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

  • ensure you have sufficient paper/ink/toner before starting to print, as study texts are typically 200 pages long; and
  • print double-sided, if supported by your printer.

ebook

ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printed copy of the key facts booklet

If you would like a printed copy of the key facts booklet, please select the ‘Printed and digital’ option, which will incur postage and packaging charges:

  • £7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.
  • £15 per order: All other countries.
Members
£31.00
Non-members
£36.00
Key facts booklet (Printed and digital)

Key facts booklet

Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. 

A printable PDF and ebook of the key facts booklet are available on RevisionMate. Please note that access is only available during your enrolment period. 

PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

  • ensure you have sufficient paper/ink/toner before starting to print, as study texts are typically 200 pages long; and
  • print double-sided, if supported by your printer.

ebook

ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

 

 

Key facts booklet (Printed and digital)

Key facts booklet

Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. 

A printable PDF and ebook of the key facts booklet are available on RevisionMate. Please note that access is only available during your enrolment period. 

PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

  • ensure you have sufficient paper/ink/toner before starting to print, as study texts are typically 200 pages long; and
  • print double-sided, if supported by your printer.

ebook

ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

 

 

Diploma in Insurance units

This unit may also count towards:

Learning solutions update

These updates are Learning Solutions updates for study purposes.

Updated edition of M05

2020-21 edition

To view a list of the main areas of change in the 2020-21 edition, please click here.

Other information:

Pdf icon small Insurance current editions.

 

Qualification update

Testing Position

  • Examinations are based on the published syllabus. Syllabuses are available free of charge on the CII website www.cii.co.uk or on request.
  • Candidates will be examined on the basis of law and practice in England unless otherwise stated.
  • The E05 examination consists of 50 multiple choice questions (MCQs): 40 standard format and 10 multiple response format. 1 hour is allowed for this examination.
  • The general rule is that legislative and industry changes will not be examined earlier than 3 months after they come into effect.
  • Candidates must keep up to date with legislative and industry changes that occur.

Brexit

On the 31st January 2020, the UK left the European Union and has now entered into a transition period which ends on the 21st December 2020.

Please note: The UK decision to leave the European Union will have no immediate impact on the 2020- 2021 CII syllabuses or exams. Changes that may affect future exam syllabuses will be announced as they arise.

Data Protection

The General Data Protection Regulation (GDPR) came into effect on 25 May 2018.  Examinations will be reflective of GDPR and the Data Protection Act 2018 from 25 May 2018.

Insurance Distribution Directive

The Insurance Distribution Directive (IDD) comes into effect on 1 October 2018.  Examinations will be reflective of the IDD from this date.

Exam guide update

The M05 Examination Guide for exams from 1 May 2016 to 30 April 2017 was first published in February 2016. Any questions which have been amended since the examination guide was first published will appear below.

Question 46,47 - amended 14 September 2016

 

Assessment information

It is important that candidates entering for a CII assessment familiarise themselves with our service, in particular the rules and procedures that are in place.