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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. Under the principles of the Data Protection Act 1988, unless adequate protection exists, personal data should not be transferred

A) To any loss adjuster.
B) Outside the EEA.
C) To any underwriter.
D) To the policyholder.

2. To whom is financial accounting most useful?

A) The underwriting department for technical pricing.
B) Regulators only.
C) Stakeholders.
D) The internal audit team.

3. The calculation kernel is an essential element of

A) A management information system's control cycle.
B) Activity-based costing.
C) The double-entry accounting system.
D) The Solvency II internal model capital assessment.

4. 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 2018
B) Financial Services and Markets Act 2000
C) Companies Act 2006
D) The Bribery Act 2010

5. Which management style would it be best to adopt during a period of radical change?

A) Paternalistic.
B) Democratic.
C) Laissez-faire.
D) Autocratic.

Solutions: