CMII Practice Quiz

Question 1: A reinsurer is responsible for i. risk accepted from the insured ii. proportional cession agreement iii. facultative reinsurance to share risk exposure iv. non-proportional cession though a treaty agreement

• A) i, ii, and iii
• B) i, iii, and iv
• C) ii, iii, and iv
• D) i, ii, iii, and iv

Question 2: The takaful contract between the participants and takaful operator is based on the principle of either

• A. ta’awun
• B. al-maisir
• C. muamalat or munakahat
• D. mudharabah or wakalah

Question 3: The types of cover provided under electronic equipment/computer insurance include the following, EXCEPT

• A) date media cover
• B) maintenance visits
• C) extra expense cover
• D) material/physical damage

Question 4: If the property sum insured is of lesser value than the market value, the insured shall be considered as being his or her own insurer for the difference and shall bear the rateable proportion of the loss accordingly. This statement refers to

• A. excess/deductible
• B. average clause
• C. co-insurance
• D. limits

Question 5: Which of the following statements is NOT true of a licensed insurance broker?

• A. Insurance brokers can only represent two insurance companies
• B. Insurance brokers are professionals
• C. Insurance brokers represent the proposer
• D. Insurance brokers are represented by MITBA

Question 6: The jurisdiction of the Ombudsman (OFS) relating to complaints/ disputes is

• a) RM250,000 for financial services/ products
• b) RM100,000 and below for fire insurance cases
• c) RM 50,000 for third party property damage disputes
• d) RM200,000 for fire and motor insurance/takaful cases

Question 7: The aviation insurance policy covers all of the following, EXCEPT

• A) liability to passengers
• B) liabilities to third party
• C) liabilities to corporation
• D) aircraft liabilities

Question 8: Under medical and health insurance, the period whereby the insured cannot claim for sickness but is allowed to claim for accidents is called

• A. cooling-off period
• B. waiting period
• C. specific illness
• D. pre-existing illness

Question 9: Takaful is based on Shariah principles and

• A. Upholds the principles of takaful operator’s responsibility, mutual help and co-operation
• B. Upholds the principles of individual interest, wealth and responsibility
• C. Upholds the principles of non-profit sharing, mutual help and co-operation
• D. Upholds the principles of shared responsibility, mutual help and co-operation

Question 10: The Road Transport Act 1987 (RTA) includes the following section, EXCEPT

• A. Section 41-Causing death by reckless or dangerous driving
• B. Section 42-Reckless and dangerous driving
• C. Section 43-Careless and inconsiderate driving
• D. Section 44-Reckless and offensive driving