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IIA-CFSA – Certified Financial Services Auditor

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Showing 10–12 of 20 questions

Question 10 (Volume B)

Options are quoted daily in the newspapers. The listing provides the name of the underlying stock and its closing price that day, the strike price of the option, the closing prices(premiums) of the 3 call and 3 put contracts trading closest to expiration. Listings can be divided into categories. Which of the following is/are out of those categories?

Select all that apply, then click Submit answer.

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    Option Class
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    Option Series
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    Option Statuses
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    Option Lists

Question 11 (Volume D)

Following are the examples of illegal sales practice EXCEPT:

Select an option, then click Submit answer.

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    Twisting occurs when an agent purposefully misguides and individual into canceling one policy and purchasing a new one
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    Rebating occurs when an agent agree to give an individual the share of the commission as an incentive to buy a policy
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    Misrepresentation occurs when agent makes false and misleading statements, but they are allowed to guarantee policy dividends
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    None of these
Question 12 (Volume E)

If a surgeon loses a hand, she may not be able to perform surgery. If she has an ____________ policy, she would be able to recover, even though she can still work as a doctor in a nonsurgical field. If she has a ____________ policy, there would be no recovery, even if the surgeon’s only possible alternative is to be a tour guide.

Select an option, then click Submit answer.

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    General disability, occupational disability
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    Occupational disability, General disability
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    None-cancelable policy and general disability
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    None of these