CII IF3 case studies
CII IF3 · Put your knowledge to work in context.
IF3, Insurance, Legal and Regulatory, is a CII qualifications-unit title. The CII is a professional body for insurance and financial planning; this page is an independent study guide and is not affiliated with, endorsed by, or acting for the CII. The CII IF3 case studies are 5 cases and about 4,614 words.
1Northfield Foods: solvent storage, fair presentation and an inflated stock claim
Northfield Foods Ltd makes chilled ready meals at one site in Cheshire. Its combined property and business interruption policy, placed through a broker, runs from 1 April 2024 with buildings insured for £6m, stock for £900,000, a 12-month indemnity period and an annual premium of £48,000.
940 words, about 5 min2Priya Raman: roof answer, storm damage and a maintenance condition
Priya Raman owns a 1930s semi-detached house in Leeds. Her buildings and contents policy has a buildings sum insured of £280,000 and an annual premium of £420.
908 words, about 5 min3Halewood Joinery: a cheaper policy, an unexplained flood exclusion
Halewood Joinery Ltd runs a workshop in a converted barn beside the River Culm. It has 12 employees and turnover of £1.4m.
929 words, about 5 min4Kestrel Home Insurance: renewal pricing, vulnerability and a stalled claim
Kestrel Home Insurance has 400,000 home policies sold direct. Mrs Okafor, aged 74, has been a customer for nine consecutive years.
879 words, about 4 min5Marchant Structural Engineers: a known circumstance, late notification and insolvency
Marchant Structural Engineers Ltd designed the steel frame for a warehouse in 2019. Its professional indemnity policy is claims-made, with a retroactive date of 1 January 2015, a limit of £2m, and a clause requiring the insured to notify the insurer "as soon as practicable" of any claim or of any circumstance which may give rise to a claim.
958 words, about 5 min