LML4805 – INSURANCE LAW EXAM
PACK QUESTIONS AND CORRECT
ANSWERS 2026 LATEST PREP GUIDE
VERIFIED A+
◉ What are the two components of assessment for the M05 unit?
Answer: An online multiple-choice examination and a coursework
assignment.
◉ How long do candidates have to complete the M05 unit after
purchase?
Answer: 18 months.
◉ What is the assumed knowledge for candidates taking the M05 unit?
Answer: Fundamental principles of insurance as covered in IF1
Insurance, legal and regulatory or equivalent examinations.
◉ What type of features are included in the study text to enhance
learning?
Answer: Activities, key points, case studies, in-text questions, and self-
test questions.
◉ What does the 'Be aware' feature in the study text highlight?
Answer: Important points or areas that may need further clarification or
consideration.
,◉ What is the significance of the 'Key terms' feature in each chapter?
Answer: It introduces the key concepts and specialist terms covered in
the chapter.
◉ How many questions are in the examination for the M05 unit?
Answer: 5 questions.
◉ What is the first learning outcome of the M05 unit?
Answer: Understand the nature and sources of English law and the
concept of natural legal persons.
◉ What does the M05 unit require candidates to understand about torts?
Answer: The principles of the law of torts and the characteristics of the
main torts.
◉ What is the focus of the learning outcome related to contracts in the
M05 unit?
Answer: Understanding the law of contract.
◉ What is the primary focus of the learning outcome regarding agency
in the M05 unit?
Answer: Understanding the law of agency and its application to
insurance.
,◉ How many questions pertain to the formation of insurance contracts
in the examination?
Answer: 9 questions.
◉ What does the learning outcome regarding insurance contract terms
cover?
Answer: Classification, interpretation, effects of breach, and other
vitiating factors.
◉ What is the focus of the learning outcome related to making an
insurance claim?
Answer: Understanding the main legal principles governing the making
of an insurance claim.
◉ What is the role of the RevisionMate platform?
Answer: To provide access to study materials, assignment questions, and
updates for the M05 unit.
◉ What should candidates do to ensure they receive updates about the
M05 unit?
Answer: Keep their email address current to receive notifications.
◉ What is required for referencing in coursework assignments?
Answer: It must be clear where content from the study text begins and
ends, using italics and citations.
, ◉ What does the 'Consider this' feature encourage in the study text?
Answer: Stimulating thought around points made in the text for which
there is no absolute right or wrong answer.
◉ What is the ISBN for the print edition of the M05 study text?
Answer: 978 1 83727 349 2.
◉ What is the ISBN for the electronic edition of the M05 study text?
Answer: 978 1 83727 350 8.
◉ Who is the author of the M05 study text?
Answer: Chris Parsons, Professor in Insurance at Sir John Cass Business
School.
◉ What does the 'Examples' feature provide in the study text?
Answer: Practical illustrations of points made in the text.
◉ What is the purpose of the 'Reinforce' feature in the study text?
Answer: To encourage revisiting points previously learned to embed
understanding.
◉ What is the significance of the 'On the Web' feature?
PACK QUESTIONS AND CORRECT
ANSWERS 2026 LATEST PREP GUIDE
VERIFIED A+
◉ What are the two components of assessment for the M05 unit?
Answer: An online multiple-choice examination and a coursework
assignment.
◉ How long do candidates have to complete the M05 unit after
purchase?
Answer: 18 months.
◉ What is the assumed knowledge for candidates taking the M05 unit?
Answer: Fundamental principles of insurance as covered in IF1
Insurance, legal and regulatory or equivalent examinations.
◉ What type of features are included in the study text to enhance
learning?
Answer: Activities, key points, case studies, in-text questions, and self-
test questions.
◉ What does the 'Be aware' feature in the study text highlight?
Answer: Important points or areas that may need further clarification or
consideration.
,◉ What is the significance of the 'Key terms' feature in each chapter?
Answer: It introduces the key concepts and specialist terms covered in
the chapter.
◉ How many questions are in the examination for the M05 unit?
Answer: 5 questions.
◉ What is the first learning outcome of the M05 unit?
Answer: Understand the nature and sources of English law and the
concept of natural legal persons.
◉ What does the M05 unit require candidates to understand about torts?
Answer: The principles of the law of torts and the characteristics of the
main torts.
◉ What is the focus of the learning outcome related to contracts in the
M05 unit?
Answer: Understanding the law of contract.
◉ What is the primary focus of the learning outcome regarding agency
in the M05 unit?
Answer: Understanding the law of agency and its application to
insurance.
,◉ How many questions pertain to the formation of insurance contracts
in the examination?
Answer: 9 questions.
◉ What does the learning outcome regarding insurance contract terms
cover?
Answer: Classification, interpretation, effects of breach, and other
vitiating factors.
◉ What is the focus of the learning outcome related to making an
insurance claim?
Answer: Understanding the main legal principles governing the making
of an insurance claim.
◉ What is the role of the RevisionMate platform?
Answer: To provide access to study materials, assignment questions, and
updates for the M05 unit.
◉ What should candidates do to ensure they receive updates about the
M05 unit?
Answer: Keep their email address current to receive notifications.
◉ What is required for referencing in coursework assignments?
Answer: It must be clear where content from the study text begins and
ends, using italics and citations.
, ◉ What does the 'Consider this' feature encourage in the study text?
Answer: Stimulating thought around points made in the text for which
there is no absolute right or wrong answer.
◉ What is the ISBN for the print edition of the M05 study text?
Answer: 978 1 83727 349 2.
◉ What is the ISBN for the electronic edition of the M05 study text?
Answer: 978 1 83727 350 8.
◉ Who is the author of the M05 study text?
Answer: Chris Parsons, Professor in Insurance at Sir John Cass Business
School.
◉ What does the 'Examples' feature provide in the study text?
Answer: Practical illustrations of points made in the text.
◉ What is the purpose of the 'Reinforce' feature in the study text?
Answer: To encourage revisiting points previously learned to embed
understanding.
◉ What is the significance of the 'On the Web' feature?
