CII IF2 study guide
CII IF2 · Work through your exam, one topic at a time.
IF2, Insurance, Legal and Regulatory, is a Chartered Insurance Institute (CII) qualification unit sitting within the CII's general insurance examination suite. It is aimed at people who need a working command of the legal and regulatory framework that surrounds UK insurance business: new entrants building a professional qualification, brokers and underwriters moving into technical or supervisory roles, claims handlers, and compliance-adjacent staff who must understand why rules exist, not merely what they say. The syllabus is organised around four broad areas: insurance law and regulation fundamentals; contract law and the formation, terms and operation of insurance contracts; the regulation and conduct of insurance business; and the practical application of legal and regulatory obligations in day-to-day work. Candidates should expect multiple-choice testing of precise distinctions - for example between types of authority, categories of term, the effect of non-disclosure and misrepresentation, and the roles of the regulator and the Financial Ombudsman Service. The CII IF2 study guide has 4 sections and about 1,726 words.
01Insurance Law and Regulation Fundamentals
IF2 tests the legal scaffolding under insurance: where English law comes from, how precedent works, and how FSMA 2000 divides regulation between the PRA and the FCA. Questions are scenario-based ('which regulator?', 'which source of law?') rather than recall-only.
432 words, about 2 min02Contract Law and Insurance Contracts
This domain tests how an insurance contract is formed and the doctrines that decide whether a claim is paid. Expect questions on insurable interest, good faith, warranties and the remedies for misrepresentation.
466 words, about 2 min03Regulation and Conduct of Insurance Business
This domain tests how insurance business is authorised, who is accountable for it, and the conduct rules that shape distribution, promotions and claims. Expect questions on SM&CR, the Consumer Duty, financial promotions, complaints and compensation.
428 words, about 2 min04Legal and Regulatory Obligations in Practice
This domain tests the day-to-day legal obligations that sit alongside the policy: financial crime, data protection, sanctions and fair treatment of customers. IF2 favours practical scenarios where the wrong action is plausible, so know who to report to and when.
400 words, about 2 min