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Free LO 1 sample test — 10 AI-generated questions with explanations, no account required.
CII LM2 · London Market insurance principles and practices
Practice questions built for the LM2 exam — learning outcome by learning outcome
LM2-style multiple choice questions across all 11 syllabus learning outcomes. Scenario-based questions on placing, underwriting, brokers, and London Market practice — with instant feedback and progress tracking so you revise the way the exam actually tests you.
10 free questions · No account required.
Built for LM2 candidates
Whether you are new to the London Market, returning to study, or consolidating placing and underwriting knowledge, this resource helps you practise the way LM2 is assessed.
Exam-format questions
Standard multiple choice with four options (a–d) — the same core format as the LM2 paper.
Syllabus aligned
All 11 learning outcomes from the CII LM2 specification — from market structure and reinsurance to placing, claims, and regulation.
Learn from every answer
See whether you were right or wrong immediately, with a short explanation after each question.
Full syllabus coverage
Every LM2 learning outcome is available as its own practice test. Work through topics as you study, or sit the full 55-question exam when you are ready. Browse all learning outcomes to see which are free or locked.
Full LM2 practice exam
55 questions across all learning outcomes — the same length as the real exam
- All 11 learning outcomes
- Weighted to the syllabus
- Exam conditions
LO 1 — Principal parties
Syllabus outcome 1.1
- Lloyd's & syndicates
- Brokers & underwriters
- Subscription market
LO 2 — London Market importance
Syllabus outcomes 2.1–2.3
- Global market role
- Classes of business
- Portfolio diversification
LO 3 — Reinsurance
Syllabus outcomes 3.1–3.2
- Facultative & treaty
- Proportional structures
- Ceded & recoverable
LO 4 — Financial strength
Syllabus outcomes 4.1–4.3
- Solvency & reserving
- Lloyd's chain of security
- Rating agencies
LO 5 — Legal & regulatory
Syllabus outcomes 5.1–5.5 · ~7 exam questions
- Compulsory insurance
- CRA 2015 & TP(RA) 2010
- Solvency II & IPT
LO 6 — Intermediaries
Syllabus outcomes 6.1–6.6 · ~6 exam questions
- Broker roles & TOBAs
- Remuneration & agency
- IDD & UK conduct
LO 7 — Underwriting
Syllabus outcomes 7.1–7.7 · ~7 exam questions
- Lead & follow
- Market cycle
- Reserving & RITC
LO 8 — Placing risks
Syllabus outcomes 8.1–8.14 · ~13 exam questions
- Fair presentation
- MRC & GUA
- Premiums & warranties
LO 9 — Delegated authority
Syllabus outcomes 9.1–9.3
- Binding authorities
- Lloyd's controls
- Lineslips
LO 10 — Claims
Syllabus outcomes 10.1–10.3
- Claims roles
- Subscription claims
- Settlement practice
LO 11 — Regulation & redress
Syllabus outcomes 11.1–11.4
- FCA & PRA conduct
- FOS & FSCS
- Complaints handling
How it works
Three steps — no complicated setup.
Step 1
Start your free trial
Start a 3-day free trial on secure Stripe checkout, then set your password when you return.
Step 2
Choose a topic
Select a learning outcome, sub-topic, or the full 55-question exam.
Step 3
Practise and review
Answer LM2-style questions, read explanations, and track your scores over time.
What other LM2 candidates say
Early feedback from people using the site to prepare for their exam.
“LO 8 is the heaviest part of the MCQ paper. Being able to drill placing, fair presentation, and warranties separately — then sit a full 55-question exam — has made my revision much more focused.”
“The scenario questions feel closer to the real paper than generic insurance quizzes I tried elsewhere. I use the progress screen to see which learning outcomes I keep getting wrong.”
“Brokers, underwriters, and subscription lines used to blur together for me. The learning-outcome tests helped me learn the syllabus structure, and the explanations after each answer are what make it useful — not just a score.”
Try free samples
10 free LM2-style questions with explanations — no account required. A weekly plan unlocks every learning outcome and the full 55-question exam.
Try free samples
10 free questions · No account required.