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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. Which UK companies are required to report whether they are compliant with the UK Corporate Governance Code?

A) All companies registered with Companies House.
B) All financial services firms.
C) Only those listed on the London Stock Exchange.
D) Only composite insurers.

2. A balance sheet records a company's

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

3. What are an individual's rights Under the Data Protection Act concerning the right to have a copy of all records held on computer and paper concerning his motor insurance policy and its associated claims files.

A) He has a right to a copy of all records on payment of a fee.
B) He has no right to have a copy of any of the records held on him.
C) He has a right to a copy of computerised records only.
D) He has a right to a copy of all paper records only.

4. 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) Group
B) Market
C) Operational
D) Strategic

5. A public limited company which has a year end of 31 December must file their accounts by the following:

A) 31 March.
B) 30 June.
C) 30 September.
D) 31 December.

Solutions: