Practice questions Flashcards
1
Q
a mutual insurance company’s profits are shared between
A
its policyholders
2
Q
how long can personal details be held for by an insurer
A
for as long as the contracts are in force
3
Q
give an example that is not an example of a statutory register required to be maintained by a company secretary
A
register of employees
4
Q
a creditor is an example of
A
a current liability
5
Q
how to calculate roe
A
profit after tax divided by capital multiplied by 100
6
Q
what does a high gearing ratio indicate
A
the company is at risk
7
Q
what is classified as a modifier by rating agencies
A
enterprise risk management
