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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. A lower liquidity calculation indicates that since last year the insurer's liquidity has...?

A) no longer needs to be reported.
B) improved.
C) deteriorated.
D) remained stable.

2. 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) 60 days.
C) 14 days.
D) 21 days.

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

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

4. Which organisation's goal is to improve the long term profitability of all capital providers and monitor and guide managing agents?

A) The Financial Conduct Authority.
B) The Prudential Regulation Authority.
C) Lloyd's Market Association.
D) The Franchise Board.

5. For what transactions are debit notes raised?

A) For all incoming cash payments from policyholders.
B) When transactions are settled in a foreign currency.
C) All amounts owed to the business by other parties.
D) Only for claims payments to third parties.

Solutions: