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M05 Study Plan

The Insurance Law (M05) unit provides candidates with 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 the ability to apply knowledge and skills to practical situations.

Exam sitting:

This exam can be sat throughout the year, 7 days a week.

Suggested M05 Study Plan

This study plan is based on 120 hours of study time over a 12-week period. The CII recommendation is 120 hours of study time; however, this is only an indication of how long you will need. You may take more or less time than this depending on your prior knowledge and experience, and work/study/home commitments. 

ASAP

Our student-led forums are a space for you to chat to other candidates about all things study and exam.  

Click on the ‘BTS Forums’ in the menu on the left and check out the M05 forum. 

ASAP
Weeks 1 - 12

Self-study period - Starting at least 12 weeks prior to the exam

There is no avoiding a thorough study of the syllabus. This module requires candidates to focus on the three inter-linked topics of 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 the ability to apply knowledge and skills to practical situations. 

Weeks 1 - 12
Have you booked your exam?

Having an exam date booked can help to focus your study goals.

Have you booked your exam?
Weeks 6 - 12

Practise exam questions - Little and often

Practise as many exam-standard questions as you can before the real thing. It is good practice to start attempting mock exam questions when you are around two-thirds of the way through the study guide. Use them to review your weaker areas and target your study. 

Make sure to use questions that match the standard of the exam, like those in the BTS  R0 Study Buddy app. 

Weeks 6 - 12
Sit your exam - Good luck!
Sit your exam - Good luck!

Suggested study hours by M05 Learning Outcome

LO1: Understand the nature and sources of English law and the concept of natural legal persons.

12hrs

LO2: Understand the principles of the law of torts and the characteristics of the main torts.

9.5hrs

LO3: Understand the law of contract.

9.5hrs

LO4: Understand the law of agency and its application to insurance.

9.5hrs

LO5: Understand the main principles governing the formation of insurance contracts.

This is the heaviest-weighted learning outcome on the syllabus with 29 multi-choice exam question on the paper.

21.5hrs

LO6: Understand the classification and interpretation of insurance contract terms, the effects of their breach and other vitiating factors.

19.5hrs

LO7: Understand the main legal principles governing the making of an insurance claim.

14.5hrs

LO8: Understand how losses are measured and how the principle of indemnity applies to insurance claims.

9.5hrs

LO9: Understand how the principles of subrogation and contribution apply to insurance claims.

14.5hrs

How much study time will I need?

You may take more or less time than this depending on your prior knowledge and experience, and work/study/home commitments. 

M05 question weighting by Learning Outcome

The M05 exam has 40 multiple-choice questions (MCQ) and 10 multiple response questions. The pass mark is 65% so you need to get 32 correct answers to pass. 

Some learning outcomes have more questions than others. Spend your study time wisely by targeting the heaviest weighted ones. 

If you do have a deferred success on this exam, have a look at your exam feedback to see where you dropped the most marks. For example, scoring less than 50% on LO2 is less of a concern than scoring less than 50% on LO5 

M05 Question Distribution

The BTS approach to passing M05

This M05 study plan has been designed by the team at BTS. Our team of highly qualified and experienced professionals take the Chartered Insurance Institute (CII) Level 3, Level 4, and Level 6 exams each year. This ensures that the materials we create are always current and closely aligned with the latest exam formats for our customers. 

The BTS resources provide a structured study path through the M05 syllabus, covering both the technical knowledge and exam technique required to achieve a pass.  

Below you will find an overview of the BTS recommended study plan with details of how the BTS materials can be used to support your learning. You don’t need to use every element, but we recommend starting by working through the BTS study guide. The Study Buddy app is designed to be used to practise exam-standard questions, little and often from the mid-way point in your study plan. 

Study

Work through the BTS study guide

What is the aim of this guide?
As you read each chapter of the guide you will gradually work through the M05 syllabus and practise the necessary exam question answering techniques, using:

Available in a choice of printed or digital format from the BTS shop.

Train

Attend a BTS workshop

What is the aim of a workshop?

If this is your first Diploma level module, we recommend you attend our ‘Intro to Dip’ workshop so you know what to expect from Diploma level exams and can gain some useful hints and tips on approaching your study.  

For the M05 module, you will work with an experienced BTS Associate over a series of 4 2-hour technical workshops to consolidate your understanding of all subject areas for the module including the key subject areas with specific focus on those learning outcomes with the heaviest weighting of questions in the exam: 

Practise

Practise exam-standard questions using the R0 Study Buddy app

You should aim to complete at least 2/3 of your wider study before attempting mock papers. 

What is the aim of the app?

BTS Study Buddy replicates the CII exam standard as closely as possible. Each volume of M05 questions will give you access to the equivalent of four exam papers,  which is 200 questions.

Available to download from the Apple and Google app stores.

Exam Sitting

Exam bookings are made directly with the CII.

Before booking an exam, candidates must purchase the unit from the CII website.

Information and  guidance on booking and sitting your exam can be found in our Exam FAQs:

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