CII M92 Exam : Insurance Business and Finance (IBF)

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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. The company secretary has responsibility for keeping the statutory registers. Which is NOT an example of a statutory register?

A) Register of members (shareholders).
B) Register of directors' interests in shares.
C) Register of directors.
D) Register of assets.

2. Joe should advise the Board that if the IT department is to fulfil its role within the company, it must do what?

A) Focus exclusively on reducing IT costs
B) Maintain legacy systems without replacement
C) Make a proactive contribution to the development of business strategy
D) Operate independently from business units

3. What scope of risks within risk management is likely to be affected by the London office's financial issues and the need to sell off the New York office?

A) Strategic
B) Market
C) Operational
D) Group

4. A balance sheet records a company's

A) NET financial position.
B) budget versus actual variances.
C) cash inflows and outflows.
D) profit or loss for the year.

5. 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 Franchise Board.
C) London Market Group.
D) The Prudential Regulation Authority.

Solutions: