About CII M92 Exam Braindumps

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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. What is the minimum period of notice which must be given by a company to its shareholders of the annual general meeting?

A) 60 days.
B) 14 days.
C) 30 days.
D) 21 days.

2. Under which Act would it be a civil offence if Mark were to sell his shares following information obtained in May?

A) Financial Services and Markets Act 2000.
B) Data Protection Act 1998.
C) Companies Act 2006.
D) The Criminal Justice Act 1993.

3. An insurance company uses the double-entry accounting principle for recording insurance transactions to reflect that it has what?

A) Received a payment for a claim.
B) Reduced its equity by paying a dividend.
C) Increased its liabilities without a change in assets.
D) Earned an amount of income which is balanced by an increase in cash.

4. When looking at the financial strength of an insurance company, a rating agency's methodology takes into account the company's capital adequacy which represents its

A) its total gross premium income only.
B) the market share in its chosen lines.
C) the number of policies in force.
D) quality and level of capital required to run the business.

5. Which distribution channel for insurance most commonly offers white-labelled products?

A) Merchant Wholesalers
B) Consumers
C) Investors
D) Retailers

Solutions: