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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. At what level of information will the insurer's overall budget be categorised?

A) Operational
B) Strategic
C) Tactical
D) Transactional

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

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

3. Under the activity-based costing system used by the insurer, a department regarded as a profit centre will...?

A) not be allocated any costs.
B) be invoiced by a central department on a cost per unit basis.
C) be solely responsible for its investment income.
D) be exempt from internal budgetary control.

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

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

5. What is the primary function of financial accounting?

A) To ensure regulatory capital is minimized.
B) To provide management with internal budgets.
C) To report the financial position to all stakeholders.
D) To calculate the technical premium for products.

Solutions: