Free CII M92 Exam Dumps Questions & Answers

An insurer's Articles of Association must include

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

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

• A.  Operational
• B.  Strategic
• C.  Transactional
• D.  Tactical

When an insurance company seeks to play a role in society via sponsorship and community projects, this is known as

• A.  vertical integration.
• B.  horizontal diversification.
• C.  codified management.
• D.  a stakeholder perspective.

The financial accounts differ to the management accounts that are produced internally within the insurer. This is because the financial accounts are?

• A.  produced to a higher standard of accuracy
• B.  primarily used for making pricing decisions
• C.  subject to statutory regulation and prescribed formats
• D.  record the financial impact of events whereas management accounts provides forecasts

If a company were to outsource specialist-claims handling services and extend the current 30 day period of credit given to brokers was extended to 90 days then what would be the consequence?

• A.  Premium income will accelerate
• B.  Financial resources will be impaired
• C.  The solvency margin will immediately increase
• D.  The combined operating ratio will improve