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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. 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) The Bribery Act 2010
C) Data Protection Act 2018
D) Companies Act 2006

2. The plan to takeover NTU by ABC would need to be discussed and agreed by a majority of the ABC shareholders at

A) An extraordinary meeting.
B) The next annual general meeting.
C) A meeting of the Franchise Board.
D) A board meeting without shareholder involvement.

3. The term 'unearned premium' in UK's accounts will be shown as

A) shareholder equity.
B) an asset.
C) a note to the accounts only.
D) a liability.

4. The internal rate of return is most commonly used to measure the

A) net claims ratio.
B) technical premium rate.
C) viability of undertaking future projects.
D) solvency of the company.

5. Joe should advise the Board that the underwriting administration services information currently in use is most commonly known as a?

A) Accounting Information System
B) Codified Management System
C) Transaction Processing System
D) Management Information System

Solutions: