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

2. Which body exists to ensure that the London Market as a whole maintains and improves its position as a major worldwide insurance market?

A) The International Underwriting Association (IUA).
B) The Prudential Regulation Authority.
C) London Market Group.
D) The Franchise Board.

3. The chief actuary of an insurance company is usually responsible for what?

A) Financial accounting and tax reporting
B) Supervising the internal audit function
C) Managing the sales and marketing team
D) Technical pricing of new and existing products

4. What are an individual's rights Under the Data Protection Act concerning the right to have a copy of all records held on computer and paper concerning his motor insurance policy and its associated claims files.

A) He has no right to have a copy of any of the records held on him.
B) He has a right to a copy of all paper records only.
C) He has a right to a copy of all records on payment of a fee.
D) He has a right to a copy of computerised records only.

5. Management actions are often regarded as consisting of four key elements. What are these?

A) Financial; customer; internal; learning.
B) Planning; organising; leading; controlling.
C) Strategic; tactical; operational; transactional.
D) Risk; compliance; audit; legal.

Solutions: