CII LM1 Practice Questions - CII LM1 London Market Insurance Essentials Exam

Consumers and non-consumers have identical fair-presentation duties under the Insurance Act 2015 Consumers are generally subject to Consumer Insurance (Disclosure and Representations) Act 2012 rules on taking reasonable care not to make a misrepresentation, while non-consumers owe a fair presentation duty under the Insurance Act 2015 Only consumers must disclose material circumstances Non-consumers never need to answer underwriters' questions