CII M92 Questions & Answers - in .pdf
- Total Q&A: 84
- Update: Jun 28, 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: Jun 28, 2026
- Price: $59.99
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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. An insurance company uses the double-entry accounting principle for recording insurance transactions to reflect that it has
A) revalued its fixed assets.
B) earned an amount of income which is balanced by an increase in cash.
C) created a new liability that reduces equity.
D) paid a claim and reduced its asset base.
2. Which financial document will the CEO use to obtain the solvency margin?
A) The cash flow statement.
B) The income statement.
C) The management accounts.
D) Balance sheet.
3. An insurer has committed a breach, under the General Data Protection Regulation (GDPR). Within what maximum period must the breach be reported to the Information Commissioner's office?
A) 24 hours.
B) 72 hours.
C) 30 calendar days.
D) 7 calendar days.
4. The balanced scorecard approach to measuring organisation performance has four perspectives. What are the four perspectives recommended by this approach?
A) Financial; internal business processes; learning & growth; customer.
B) Planning; organising; leading; controlling.
C) Shareholder; policyholder; employee; supplier.
D) Regulatory; solvency; liquidity; profitability.
5. Which body exists to ensure that the London Market as a whole maintains and improves its position as a major worldwide insurance market?
A) The Franchise Board.
B) London Market Group.
C) The Prudential Regulation Authority.
D) The International Underwriting Association (IUA).
Solutions:
Question # 1
Answer: B | Question # 2
Answer: D | Question # 3
Answer: B | Question # 4
Answer: A | Question # 5
Answer: B |
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