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- IFRS 4 – Insurance Contracts 0%
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Question 1 of 9
1. Question
Which of the following terms agrees with this definition: ‘An assessment of whether the carrying amount of an insurance liability needs to be increased, based on a review of future cash flows’?
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Question 2 of 9
2. Question
Uncertainty is the essence of an insurance contract.
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Question 3 of 9
3. Question
Which of the following is uncertain at the inception of an insurance contract?
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Question 4 of 9
4. Question
Which of the following is an example of ‘payments in kind’?
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Question 5 of 9
5. Question
A contract that exposes the issuer to lapse risk, persistency risk or expense risk is not an insurance contract unless it also exposes the issuer to insurance risk.
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Question 6 of 9
6. Question
Guarantee of the residual value of a specific car exposes the guarantor to the risk of changes in the car’s physical condition, that risk is:
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Question 7 of 9
7. Question
Which of the following is not an example of insurance risk?
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Question 8 of 9
8. Question
Which of the following is an example of insurance risk?
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Question 9 of 9
9. Question
How shall an insurer assess the significance of insurance risk contract?
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