Free M92 Questions for CII Insurance Business and Finance (IBF) M92 Exam as PDF & Practice Test Engine

Exam Code/Number: M92
Exam Name/Title: Insurance Business and Finance (IBF)
Certification Provider: CII
Corresponding Certification: Certificate in Insurance

Exam Questions: 84
Updated On: Jun 30, 2026

Question #1

What information must be used to calculate the return on equity?

A. Operating costs and investment income

B. Total assets and total liabilities

C. Gross written premium and net income

D. Profit after tax and capital

Discussion 0

Correct Answer: D Vote an answer

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Question #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 Bribery Act 2010

D. Data Protection Act 2018

Discussion 0

Correct Answer: B Vote an answer

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Question #3

Which organisation's goal is to improve the long term profitability of all capital providers and monitor and guide managing agents?

A. Lloyd's Market Association.

B. The Franchise Board.

C. The Financial Conduct Authority.

D. The Prudential Regulation Authority.

Discussion 0

Correct Answer: B Vote an answer

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Question #4

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

A. Laissez-faire.

B. Democratic.

C. Paternalistic.

D. Autocratic.

Discussion 0

Correct Answer: D Vote an answer

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Question #5

The chief executive officer of a large insurance company wishes to review its solvency margin. From which financial document will he obtain the necessary information?

A. Balance sheet

B. The management accounts

C. The statement of cash flows

D. The income statement

Discussion 0

Correct Answer: A Vote an answer

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Question #6

What is shown respectively on a company's income statement and balance sheet?

A. The income statement shows the results of transactions during the accounting period and the balance sheet shows the financial position at a particular point in time.

B. The income statement records assets and liabilities, the balance sheet records revenue and expenses.

C. The income statement shows the financial position at a point in time and the balance sheet shows transaction results over the accounting period.

D. Both statements show the company's cash flows and net income.

Discussion 0

Correct Answer: A Vote an answer

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Question #7

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

A. Investors

B. Consumers

C. Retailers

D. Merchant Wholesalers

Discussion 0

Correct Answer: C Vote an answer

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Question #8

Which type of activity in the Standard and Poor's insurance ratings framework is most likely to be classified as a modifier?

A. Competitive position.

B. Enterprise risk management.

C. Operating performance.

D. Capital adequacy.

Discussion 0

Correct Answer: B Vote an answer

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Question #9

Standard & Poor's has placed its rating for the insurer under Creditwatch with a developing flag. what does this mean for the current rating?

A. it may be raised, lowered or affirmed.

B. The rating is withdrawn completely.

C. It will definitely be upgraded.

D. It will definitely be downgraded.

Discussion 0

Correct Answer: A Vote an answer

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Free M92 Questions for CII Insurance Business and Finance (IBF) M92 Exam as PDF & Practice Test Engine

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