IIQE Paper 3 practice workspace

Last checked: 2026-07-13 · Independent preparation content, not an official exam body.

How should an IIQE Paper 1 question bank be used without merely memorising answers?

The official Paper I reference format is 75 multiple-choice questions in two hours, with a 70% pass mark. A useful bank should map every item back to an official concept such as risk, insurance contracts, utmost good faith, insurable interest, indemnity, subrogation, or the regulatory framework. After an error, the candidate should see why the choice failed, which source chapter supports the concept, and what to practise next. Questions on this site are original rewrites based on the public syllabus and official Study Notes; they are not official questions, copied past papers, or leaked material.

Official facts checked for this page

Paper I

75 MCQs in two hours; the PEAK handbook identifies Paper I as compulsory.

Pass mark

Annex 1 to IA Guideline GL23 states a 70% pass mark for each paper.

Study basis

Paper I currently points to the IA 2024 Edition Study Notes; re-check the official page before the exam.

Recommended preparation sequence

1. First pass: work without a timer and read every explanation and source chapter.
2. Second pass: repeat only incorrect and low-confidence items.
3. Third pass: simulate the 75-question, two-hour rhythm.

Official sources

• Insurance Authority IIQE overview and Study Notes
• PEAK IIQE examination handbook
• PEAK IIQE registration and examination page

Questions are original practice mapped to public official concepts. No official past papers, copied exam questions, leaked answers, or pass guarantee are provided.