CII LM1 · London Market insurance essentials

Practice questions built for the LM1 exam — chapter by chapter

LM1-style multiple choice questions across the full syllabus and study text. Scenario-based questions, instant feedback, and progress tracking — so you can revise the way the exam actually tests you.

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Why I built this

When I prepared for the CII London Market insurance essentials (LM1) exam, I found the official study text invaluable — but very little in the way of extra practice questions online. Past papers are limited, and generic insurance quizzes rarely match LM1’s style or the London Market syllabus.

I wanted scenario questions that felt like the real exam: four plausible options, principles applied to commercial situations, and coverage across every chapter — not just the headline definitions.

So I built LM1 Past Papers for anyone else on the same journey. It’s free to use, aligned to the LM1 syllabus and study-text chapters, and designed to complement your CII materials — not replace them.

Built for LM1 candidates

Whether you are new to insurance or moving into the London Market, this resource helps you practise the way LM1 is actually assessed.

Try before you sign up

Free Chapter 1 sample test — 10 questions with explanations, no account required.

Exam-format questions

Four options (a–d), one question at a time — the same structure as the real LM1 paper.

Study-text aligned

Questions drawn from LM1 syllabus outcomes and study-text chapters 1–9, including legal principles, Market structure, brokers, and underwriters.

Learn from every answer

See whether you were right or wrong immediately, with a short explanation after each question.

Revise by topic

Focus on one section at a time — good faith, proximate cause, placing, subscription market, regulation, and more.

Full syllabus coverage

Every major LM1 topic area is available as its own practice test. Mix and match chapters as you work through the study text, or sit the full 50-question exam when you are ready.

Full LM1 practice exam

50 questions across all chapters — the same length as the real exam

  • All chapters
  • Timed revision
  • Exam conditions

Chapter 1 — Basic terminology

Syllabus outcomes 1.1–1.5

  • 1.1 Good faith
  • 1.2 Proximate cause
  • 1.3 Indemnity
  • 1.4 Contribution
  • 1.5 Subrogation

Chapter 2 — Legal principles

Sections A–H

  • Valid contract
  • Insurable interest
  • Disclosure
  • Cancellation
  • Proximate cause
  • Indemnity
  • Contribution
  • Subrogation

Chapter 3 — Classes of business

Sections A–D

  • Marine
  • Non-marine
  • Aviation
  • Reinsurance

Chapter 4 — Insurance cycle

Sections A–C

  • Supply & demand
  • Marketplace
  • Cycle variation

Chapter 5 — London Market structure

Sections A–G

  • Lloyd's
  • Company market
  • Brokers
  • MGAs
  • International
  • Associations
  • Flow of business

Chapter 6 — Legal & regulatory

Sections A–F

  • UK framework
  • FCA & PRA
  • Overseas regulation
  • Lloyd's governance
  • Authorisation
  • FOS & FSCS

Chapter 7 — Systems & controls

Sections A–E

  • UK/EU/US regulation
  • Sanctions
  • Data protection
  • AML
  • Bribery

Chapter 8 — Role of a broker

Sections A–E

  • Legal basis
  • Regulation
  • Intermediary services
  • Placing
  • Claims

Chapter 9 — Underwriters

Sections A–C

  • Role of underwriter
  • Functions
  • Subscription market

How it works

Three steps — no complicated setup.

Create your account

Register with your email. Your progress is saved so you can pick up where you left off.

Choose a topic

Select a chapter section, syllabus outcome, or the full 50-question exam.

Practise and review

Answer LM1-style questions, read explanations, and track your scores over time.

What other LM1 candidates say

Early feedback from people using the site to prepare for their exam.

“I struggled to find anything beyond the CII study text. Being able to drill Chapter 2 and the full exam format in one place has made revision much less stressful.”
James T. LM1 candidate, Lloyd's broker
“The scenario questions feel closer to the real paper than generic insurance quizzes I tried elsewhere. I use the progress screen to see which chapters I keep getting wrong.”
Priya S. LM1 candidate, company market
“As someone new to the London Market, the chapter-by-chapter tests helped me learn the syllabus structure. The explanations after each answer are what make it useful — not just a score.”
Daniel M. LM1 candidate, career changer into insurance

Ready to start revising?

Join LM1 Past Papers and practise across every chapter — from good faith and proximate cause to brokers, underwriters, and the subscription market.

Start practising — it's free

Chapter 1 free · Full syllabus £9.99 one-off