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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. The senior managers of an insurance company are reviewing performance against a monthly requirement to have no IT downtime of greater than 30 minutes a quarter. They are reviewing what?

A) A key performance indicator
B) A strategic objective
C) Key risk indicator
D) A budgetary variance

2. Who would be responsible for compliance of the claims function if the activity was outsourced to a specialist claims-handling company?

A) The specialist claims-handling company solely.
B) The policyholder.
C) The insurer would be solely responsible.
D) The broker who placed the business.

3. The process by which a small business is set up as a registered company is known as..?

A) Codification.
B) Horizontal diversification.
C) Incorporation.
D) Vertical integration.

4. An item has been inserted in a company's balance sheet in respect of machinery. Under which heading will this normally appear?

A) Technical provisions.
B) Current assets.
C) Shareholder equity.
D) Non-current assets.

5. Which distribution channel for insurance most commonly offers white-labelled products?

A) Consumers
B) Retailers
C) Merchant Wholesalers
D) Investors

Solutions: