100% CII M92 Guaranteed Success With Testing Engine

Exam Code: M92

Exam Name: Insurance Business and Finance (IBF)

Updated: Jul 04, 2026

Number: 84 Q&As with Testing Engine

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CII Insurance Business and Finance (IBF) Sample Questions:

1. A business plan that focuses on the policies necessary over one to three years to implement key elements of strategy is called a[n]:

A) operational plan.
B) contingency plan.
C) strategic plan.
D) tactical plan.

2. The term 'unearned premium' in UK's accounts will be shown as

A) a note to the accounts only.
B) a liability.
C) shareholder equity.
D) an asset.

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

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

4. 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) The management accounts
B) The income statement
C) Balance sheet
D) The statement of cash flows

5. Joe should advise the Board that if the IT department is to fulfil its role within the company, it must do what?

A) Make a proactive contribution to the development of business strategy
B) Operate independently from business units
C) Focus exclusively on reducing IT costs
D) Maintain legacy systems without replacement

Solutions:

Question # 1
Answer: D

Question # 2
Answer: B

Question # 3
Answer: D

Question # 4
Answer: C

Question # 5
Answer: A

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