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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. Under which Act would it be a civil offence if Mark were to sell his shares following information obtained in May?

A) Data Protection Act 1998.
B) The Criminal Justice Act 1993.
C) Financial Services and Markets Act 2000.
D) Companies Act 2006.

2. A balance sheet records a company's what?

A) Cash inflows and outflows
B) Net financial position
C) Profit or loss for the year
D) Budgetary variances

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

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

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

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

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

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

Solutions: