CII M92 Exam Questions : Insurance Business and Finance (IBF)

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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

Question 1

The use of claims development tables provides valuable information about the...?

A. prior estimates of outstanding amounts.
B. speed of claim payments.
C. technical price for new business.
D. current market share.

Question 2

What would NOT typically be regarded as a part or component of all businesses?

A. Financial resources.
B. Human resources.
C. Physical resources.
D. Intellectual resources.

Question 3

At what level of information will the insurer's overall budget be categorised?

A. Tactical
B. Strategic
C. Transactional
D. Operational

Question 4

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

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

Question 5

An insurer's Articles of Association must include

A. the premium rates for its top-selling products.
B. the minutes of the last board meeting.
C. the audited financial statements.
D. the regulations for the running of the insurer's internal affairs.

Solutions: