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CII Packaged Commercial Insurances (IF8) — Information & Free Practice

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About CII Packaged Commercial Insurances (IF8)

CII Packaged Commercial Insurances (IF8) · GB

Key exam facts

Provider
The Chartered Insurance Institute (CII), through its Qualifications and Assessment Department, is responsible for the IF8 examination. Exam-centre/remote-invigilation delivery does not establish a separate exam owner.
Format
75 multiple choice questions, each with four options and one correct or best response. Computer-delivered MCQ sittings are available at online exam centres or by remote invigilation, subject to availability.
Exam questions
Total questions: 75.
Time limit
2 hours of examination time (standard conditions); not a combined check-in, tutorial or booking-slot duration.
Passing score
Standard pass mark 70%. CII reports moderated/adjusted results relative to the standard pass mark; this is not an assertion that a fixed raw count always guarantees a pass.
Exam fee
UK English IF8 unit page, rendered on 2026-10-30, displays GBP £281.03 for members and £371.78 for non-members for the default Enrolment plus digital package, including assessment entry, study text and revision aids. Digital material access is 12 months and its exam voucher is valid for 18 months. Printed options incur postage/packaging. These are bundled enrolment prices, not a verified standalone examination or resit fee; do not present them as such.

Topics covered

  • Understand the development of packaged commercial insurances (6.67%)

    • Describe the ways in which packaged policies have developed and the reasons for the continuing development of packaged policies.
    • Describe the current methods used to develop and distribute packaged policies both by insurers and intermediaries.
    • Explain the differences between packaged policies, combined policies and schemes.

  • Understand the basic features and scope of packaged commercial insurances and associated services (18.67%)

    • Describe the features and scope of cover for standard packaged policies.
    • Describe the basic features and scope of non-insurance services available.

  • Know how packaged commercial insurances are arranged (14.67%)

    • Describe how customers search the marketplace for cover and access packaged and scheme arrangements.
    • Describe the means by which packaged and scheme arrangements are promoted, sold and distributed by insurers and intermediaries.
    • Describe the content and legal significance of procedures relating to proposals.
    • Describe the alternative methods commonly used by underwriters to obtain material information.
    • Describe the ways in which intermediaries carry out a ‘demands and needs’ analysis to establish the most appropriate cover and eligibility status for packaged arrangements.
    • Describe the legal and regulatory significance of quotation procedures.
    • Describe the scope and general effect of the Insurance: Conduct of Business sourcebook (ICOBS) as it relates to packaged commercial insurances.
    • Describe Consumer Duty for retail clients as it applies to packaged commercial insurances.

  • Understand underwriting procedures and policy wordings for packaged commercial insurances (22.67%)

    • Describe the means by which rates for packaged policies are developed.
    • Describe the ways in which insurers measure discrimination factors for individual risks proposed for insurance.
    • Describe the circumstances in which different underwriting measures are used.
    • Explain the principles of premium calculation and their application.
    • Describe the structure, functions and contents of a policy form, including the policy schedule.
    • Explain the meaning and effect of common policy conditions and exclusions.
    • Explain the distinction between warranties, conditions, representations and exclusions.
    • Describe the legal significance of procedures relating to the issue of policies and certificates of insurance.
    • Describe delegated authority schemes, managing general agents and coverholders.
    • Explain the benefits and limitations of scheme and packaged arrangements for the proposer, intermediary and insurer.

  • Understand mid-term policy amendments, renewals and cancellation for packaged commercial insurances (8%)

    • Describe the reasons for amendments and those changes that require notification.
    • Describe the legal and regulatory significance of renewal procedures.
    • Explain how cancellation clauses operate.

  • Understand claims procedures in relation to packaged commercial insurances (29.33%)

    • Describe the insurers’ notification requirements.
    • Describe the insured’s duties following a loss and other investigation they may carry out.
    • Describe the documentary evidence needed relating to claims.
    • Describe the procedure followed by insurers when investigating a claim.
    • Describe how the process of reserving operates in general terms.
    • Describe the Financial Conduct Authority rules that apply to the claims process.
    • Describe the reasons why a claim may be invalid or only partially met.
    • Describe the ways in which claims can be settled.
    • Describe the role subrogation and salvage play in claims settlement.
    • Describe how complaints handling and alternative dispute resolution operates.
    • Describe the means of claims recovery open to insurers.
    • Describe the action that insurers must take following a loss settlement.
    • Describe the options available to insurers discovering fraud in connection with a claim.
    • Describe the procedures commonly used to discourage and detect fraudulent claims.

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

75 multiple choice questions, each with four options and one correct or best response. Computer-delivered MCQ sittings are available at online exam centres or by remote invigilation, subject to availability.

How many questions are on the exam?

Total questions: 75.

How long is the exam?

2 hours of examination time (standard conditions); not a combined check-in, tutorial or booking-slot duration.

What is the passing score?

Standard pass mark 70%. CII reports moderated/adjusted results relative to the standard pass mark; this is not an assertion that a fixed raw count always guarantees a pass.

How much does the exam cost?

UK English IF8 unit page, rendered on 2026-10-30, displays GBP £281.03 for members and £371.78 for non-members for the default Enrolment plus digital package, including assessment entry, study text and revision aids. Digital material access is 12 months and its exam voucher is valid for 18 months. Printed options incur postage/packaging. These are bundled enrolment prices, not a verified standalone examination or resit fee; do not present them as such.

Official sources and references

Confirm current exam arrangements with the exam provider.