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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

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

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

2. An insurer's Articles of Association must include

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

3. Where, if at all, in the annual report accounts, must a statement appear from the London based chairman of the retail group?

A) In the notes to the accounts
B) In the directors' report
C) In the auditor's statement
D) It is not required

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

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

5. A business plan that focuses on the policies necessary over one to three years to implement key elements of strategy is called a[n]:

A) operational plan.
B) strategic plan.
C) contingency plan.
D) tactical plan.

Solutions: