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Chapter 9 Insurance regulation 9/23

Self-test questions
1. What are the five typical oversight functions that insurance regulators typically perform to achieve their
objectives?
2. What are the types of regulatory approaches available?
3. What are the principles that will form the base for specific standards of market conduct?
4. What are the tools used by regulators to supervise the industry?
5. What are the objectives of the International Association of Insurance Supervisors (IAIS)?
6. What are the approaches to capital adequacy requirements?

7. What is the definition of money laundering according to the Financial Action Task Force (FATF)?
8. For individuals, what personal information should be considered when performing due diligence on
customers?
9. What types of fraud may be found in insurance?

You will find the answers at the back of the book Reference copy for CII Face to Face Training Chapter

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