CII M92 Questions & Answers - in .pdf
- Total Q&A: 84
- Update: Jul 03, 2026
- Price: $59.99
- Vendor: CII
- Exam Code: M92
- Exam Name: Insurance Business and Finance (IBF)
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CII M92 Q&A - Testing Engine
- Total Q&A: 84
- Update: Jul 03, 2026
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- Exam Code: M92
- Exam Name: Insurance Business and Finance (IBF)
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CII Insurance Business and Finance (IBF) Sample Questions:
1. Guidance given to a specific insurer by the PRA relating to the amount and quality of financial resources which it should hold in terms of capital requirements is termed
A) A Key Risk Indicator.
B) Individual Capital Guidance.
C) The Combined Operating Ratio.
D) The Solvency Coverage Ratio.
2. It has been deemed essential that the Information Technology (IT) department have a broad role, working closely with the business. If the IT department are to fulfil its role within the company, it must
A) report directly to the internal audit function.
B) outsource all non-core functions.
C) operate entirely independently from day-to-day operations.
D) make a proactive contribution to the development of business strategy.
3. The acquisition of a specialist panel of loss adjusters by an insurer is an example of what?
A) Conglomerate Diversification
B) Horizontal Diversification
C) Horizontal Integration
D) Vertical Integration
4. 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) It is not required
C) In the auditor's statement
D) In the directors' report
5. An item has been inserted in a company's balance sheet in respect of machinery. Under which heading will this normally appear?
A) Non-current assets.
B) Shareholder equity.
C) Technical provisions.
D) Current assets.
Solutions:
Question # 1
Answer: B | Question # 2
Answer: D | Question # 3
Answer: D | Question # 4
Answer: B | Question # 5
Answer: A |
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