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CII M92 Exam Syllabus Topics:

Section	Objectives
Insurance and Business Environment	- Role of insurers, intermediaries, and regulators - Structure of the insurance market
Insurance Operations	- Underwriting principles - Claims handling process
Financial Services and Markets	- Insurance and capital markets interaction - Financial system overview
Insurance Principles and Practice	- Risk and insurance principles - Policy structure and contract fundamentals
Accounting and Financial Statements	- Basic accounting concepts - Interpreting financial statements
Risk Management and Regulation	- Risk identification and control - Regulatory framework in insurance

CII Insurance Business and Finance (IBF) Sample Questions:

Question #1

An insurance company uses the double-entry accounting principle for recording insurance transactions to reflect that it has

A. created a new liability that reduces equity.
B. paid a claim and reduced its asset base.
C. revalued its fixed assets.
D. earned an amount of income which is balanced by an increase in cash.

Reveal Solution Discussion 0

Correct Answer: D 🗳️