[Jul-2026] Free M92 Exam Questions M92 Actual Free Exam Questions [Q17-Q35]

QUESTION 17
An insurer has committed a breach, under the General Data Protection Regulation (GDPR). Within what maximum period must the breach be reported to the Information Commissioner’s office?

QUESTION 18
Who would be responsible for compliance of the claims function if the activity was outsourced to a specialist claims-handling company?

QUESTION 19
Under which Act would it be a civil offence if Mark were to sell his shares following information obtained in May?

QUESTION 20
Mark is the managing director and Steve is the finance director of a firm of insurance brokers. They should be aware that:

QUESTION 21
If a company were to outsource specialist-claims handling services and extend the current 30 day period of credit given to brokers was extended to 90 days then what would be the consequence?

QUESTION 22
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?

QUESTION 23
The acquisition of a specialist panel of loss adjusters by an insurer is an example of what?

QUESTION 24
Under the activity-based costing system used by the insurer, a department regarded as a profit centre will…?

QUESTION 25
The financial accounts differ to the management accounts that are produced internally within the insurer. This is because the financial accounts are?

QUESTION 26
Where, if at all, must a statement from the chairman of the London office appear, in the annual report and accounts?

QUESTION 27
An international composite insurer is drafting its annual report. In accordance with the Companies Act 2006, what is the position regarding the inclusion of a chairman’s statement in this report?

QUESTION 28
A balance sheet records a company’s what?

QUESTION 29
A risk assessment rating framework assesses risks based on:

QUESTION 30
How is an insurer’s solvency coverage ratio calculated?

QUESTION 31
What information must be used to calculate the return on equity?

QUESTION 32
The balanced scorecard approach to measuring organisation performance has four perspectives. What are the four perspectives recommended by this approach?

QUESTION 33
What is the consequence of using some of the reserves to fund a new project?

QUESTION 34
Which document best gives an indication of a company’s liquidity?

QUESTION 35
Which management style would it be best to adopt during a period of radical change?