Exam Dumps VCE

QUESTION 26
The calculation kernel is an essential element of

QUESTION 27
What scope of risks within risk management is likely to be affected by the London office’s financial issues and the need to sell off the New York office?

QUESTION 28
What will the activities of an insurers finance director most likely include?

QUESTION 29
An insurance company uses the double-entry accounting principle for recording insurance transactions to reflect that it has what?

QUESTION 30
The senior managers of an insurance company are reviewing performance against a monthly requirement to have no IT downtime of greater than 30 minutes a quarter. They are reviewing what?

QUESTION 31
What would NOT typically be regarded as a part or component of all businesses?

QUESTION 32
A lower liquidity calculation indicates that since last year the insurer’s liquidity has…?

QUESTION 33
When an insurance company seeks to play a role in society via sponsorship and community projects, this is known as

QUESTION 34
Mark is the managing director and Steve is the finance director of a firm of insurance brokers. They should be aware that:

QUESTION 35
Where, if at all, must a statement from the chairman of the London office appear, in the annual report and accounts?

QUESTION 36
Under the principles of the Data Protection Act 1988, unless adequate protection exists, personal data should not be transferred

QUESTION 37
An insurance company uses the double-entry accounting principle for recording insurance transactions to reflect that it has

QUESTION 38
What are an individual’s rights Under the Data Protection Act concerning the right to have a copy of all records held on computer and paper concerning his motor insurance policy and its associated claims files.

QUESTION 39
When looking at the financial strength of an insurance company, a rating agency’s methodology takes into account the company’s capital adequacy which represents its

QUESTION 40
What information is used to calculate the return on equity?

QUESTION 41
Who would be responsible for compliance of the claims function if the activity was outsourced to a specialist claims-handling company?

QUESTION 42
An item has been inserted in a company’s balance sheet in respect of machinery. Under which heading will this normally appear?

QUESTION 43
How is an insurer’s solvency coverage ratio calculated?

QUESTION 44
It has been deemed essential that the Information Technology (IT) department have a broad role, working closely with the business. If the IT department are to fulfil its role within the company, it must

QUESTION 45
Joe should advise the Board that if the IT department is to fulfil its role within the company, it must do what?

QUESTION 46
What is the primary function of financial accounting?

QUESTION 47
What is the minimum period of notice which must be given by a company to its shareholders of the annual general meeting?

QUESTION 48
The financial accounts differ to the management accounts that are produced internally within the insurer. This is because the financial accounts are?