Online Access Free M92 Exam Questions

An individual's role is to set policy, monitor controls and check adherence to it. Where is this role most likely to fall within the 'three lines of defence' model of risk management?

• A.The second line of defence.
• B.The third line of defence.
• C.The external auditor's remit.
• D.The first line of defence.

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

• A.Gross written premium and net income
• B.Total assets and total liabilities
• C.Profit after tax and capital
• D.Operating costs and investment income

The acquisition of a specialist panel of loss adjusters by an insurer is an example of what?

• A.Horizontal Integration
• B.Conglomerate Diversification
• C.Vertical Integration
• D.Horizontal Diversification

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.contingency plan.
• B.strategic plan.
• C.tactical plan.
• D.operational plan.

An insurer holds claims details on an ex-policyholder. When would the requirements of the Data Protection Act 1998 stop applying to this information?

• A.Immediately upon the sale of the policy to another insurer.
• B.After five years of policy termination.
• C.Upon the death of the policyholder.
• D.When the policyholder reaches retirement age.