Our pass rate is high to 98.9% and the similarity percentage between our IIA-CFSA study guide and real exam is 90% based on our seven-year educating experience. Do you want achievements in the IIA IIA-CFSA exam in just one try? I am currently studying for the IIA IIA-CFSA exam. Latest IIA IIA-CFSA Test exam practice questions and answers, Try IIA IIA-CFSA Brain Dumps First.
Q196. (Topic 2)
These are similar to coupon bonds in that ownership is based on possession. These have not been issued for the last couple of decades, however those previously issued will continue to exist until they reach maturity. What are these?
A. Registered bonds
B. Bearer bonds
C. Book-entry bonds
D. Putable bonds
Answer: B
Q197. (Topic 5)
Which of the following is NOT the benefit of an endowment insurance policy?
A. Ideal combination of investment and insurance coverage
B. Attractive return and maximum security
C. Amount paid out is guaranteed with tax free returns
D. None of these
Answer: D
Q198. (Topic 4)
A contract whereby one undertakes to indemnify another or pay a specified amount upon determinable contingencies is called:
A. Demand draft
B. Loan
C. Insurance
D. Term deposit
Answer: C
Q199. (Topic 1)
Management must ___________ assess business risk and develop clearly defined control objectives:
A. Continually
B. Annually
C. Periodically
D. Weekly
Answer: A
Q200. (Topic 5)
Business continuation insurance protects a business against the potential economic loss resulting from the passing or disability of key executives and/or employees. This is the insurance coverage which comes under the umbrella heading of:
A. Casualty insurance
B. General liability insurance
C. Disability insurance
D. Straight forward risk insurance
Answer: A
503. (Topic 5)
A heath services delivery organization that offers the option its members choose to receive a service form participating or a non-participating provider which one of the following best suits to the definition?
A. Point of service plan
B. Health maintenance organization (HMO)
C. Preferred provider organization (PPO)
D. Independent practice Association (IPA) or organization (IPO)
Answer: A
Q201. (Topic 1)
If more funds than expected are needed to cover loans losses in a given period, the reserve must be increased and the difference is charged to:
A. Administration expenses
B. Prepaid assets
C. Operating expenses
D. Loan expenses
Answer: C
Q202. (Topic 4)
Banks also serves as “registrar” for stocks and bond issues. The registrar accounts for all shares issued, certificates outstanding, and Certificates cancelled. The role/s of the registrar is/are:
A. To ensure that the transfer agent does not issue too many shares
B. That old certificates are properly cancelled
C. That new certificates are properly issued in the correct numerical sequence
D. All of these
Answer: D
Q203. (Topic 2)
_________ stock generally costs more than __________ because of the additional rights itsstockholders receive.
A. Cumulative preferred stock, Non- Cumulative preferred stock
B. Non- Cumulative preferred stock, Cumulative preferred stock
C. Cumulative preferred stock, Cash dividends
D. Preferred stock, Common Stock
Answer: D
Q204. (Topic 2)
“Insurers guarantee a minimum rate of interest dunning the time that the account is growing and periodic payment amounts of a specified amount for a stated period (either specific period 10 years indefinite period etc).” This statement is related to:
A. Variable annuities
B. Life time annuities
C. Term period annuities
D. Fixed annuities
Answer: D
Q205. (Topic 4)
The mission of the NAIC is to assist State Insurance regulators, individually and collectively, in serving the public interest and achieving all the following fundamental insurance regulatory goals in a responsive, efficient and cost effective manner, consistent with the wishes of its members EXCEPT:
A. Protect the public interest
B. Promote competitive markets
C. Support and improve State regulation of insurance
D. None of these
Answer: D
Q206. (Topic 3)
These policies provide a death benefit when the insured dies during a specified period. The term of this type of policy is usually not less than one year, but may be up to 40 years or more. It provides only temporary protection because coverage ends at the end of the term of coverage stated in the policy. What are these?
A. Term life insurance policies
B. Level term insurance policies
C. Decreasing term life insurance policies
D. Whole life insurance policies
Answer: A
Q207. (Topic 2)
Electronic financial services audits should focus on whether there are adequate internal controls in place to protect customer transactions information, and assets. Some key steps in clued all of the following EXCEPT:
A. Determine whether disaster contingency plans for the failure of internet transactions orcommunication are adequate, regularly updated
B. Determine whether disaster contingency plans for the failure of internet transactions orcommunication are adequate, regularly tested, and regularly updated
C. Determine whether an access is controlled by a firewall
D. Stress test analyzing changes in market and credit conditions are appropriate. The marketassumptions are reasonable
Answer: D
Q208. (Topic 5)
A health services delivery organization that offers the option to its members to choose to receive a service from participating or a non-participating provider. Which one of the best suits to this definition?
A. Point-of-service plan
B. Health maintenance organization (HMO)
C. Preferred provider organization (PPO)
D. Independent practice Association (IPA) or organization (IPO)
Answer: A
Q209. (Topic 5)
Liability insurance is a part of general insurance system of _________.
A. Risk involvement
B. Risk transference
C. Risk management
D. Self-help funds
Answer: B
Q210. (Topic 4)
Office of the comptroller of the currency:
A. Ensures the safety and soundness of the National Banking System
B. Foster competition by allowing banks to offer new products and services
C. Improve the efficiency and effectiveness of OCC supervision including regulatory burden
D. All of these
Answer: D