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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

Question 1

The process by which a small business is set up as a registered company is known as..?

A. Horizontal diversification.
B. Codification.
C. Vertical integration.
D. Incorporation.

Question 2

A balance sheet records a company's

A. budget versus actual variances.
B. NET financial position.
C. cash inflows and outflows.
D. profit or loss for the year.

Question 3

A balance sheet records a company's what?

A. Budgetary variances
B. Cash inflows and outflows
C. Profit or loss for the year
D. Net financial position

Question 4

Joe should advise the Board that the underwriting administration services information currently in use is most commonly known as a?

A. Accounting Information System
B. Management Information System
C. Codified Management System
D. Transaction Processing System

Question 5

Which distribution channel for insurance most commonly offers white-labelled products?

A. Consumers
B. Retailers
C. Investors
D. Merchant Wholesalers

Solutions: