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CIIG Advanced Diploma Practice Questions - CIIG Advanced Diploma in Insurance Associateship Exam

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About this Exam

Prepare with the CIIG Advanced Diploma Practice Questions - CIIG Advanced Diploma in Insurance Associateship Exam practice quiz. This question bank includes 100 questions covering insurance, claims, policy, insurer, and commercial. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
Under the Ghana Insurance Act 2021 (Act 1061), what is the statutory Minimum Capital Requirement (MCR) for a locally incorporated direct life insurance company?
GHS 10 million
GHS 50 million
GHS 80 million
GHS 100 million
Question 2
What is the primary function of the Complaints Bureau established by the National Insurance Commission (NIC) of Ghana?
To prosecute insurance directors for financial fraud in state courts
To mediate and resolve disputes between policyholders and insurance companies regarding claims settlement
To issue new underwriting licenses to insurance brokers and agents
To audit the financial statements of reinsurance companies operating in the country
Question 3
Under the 'No Premium, No Cover' provision of the Insurance Act 2021 (Act 1061) in Ghana, what is the statutory status of an insurance policy if the premium has not been paid?
The policy remains valid, and the insurer must pay any claims and recover the premium later
The cover is legally active for a 30-day grace period from the inception date
The cover is not legally in force, and the insurer is not liable for any claim arising during the unpaid period
The policy is automatically transferred to the National Insurance Commission's guarantee fund
Question 4
Which professional body in Ghana is responsible for registering student members, conducting examinations, and maintaining professional standards for individual insurers?
Ghana Insurance College (GIC)
Chartered Insurance Institute of Ghana (CIIG)
National Insurance Commission (NIC)
Ghana Insurance Association (GIA)
Question 5
Under the Ghana Insurance Act 2021, which of the following properties is subject to compulsory insurance against fire and third-party liabilities?
All owner-occupied private residential bungalows
All commercial buildings and commercial buildings under construction
Only government-owned administrative structures
Agricultural crop fields and poultry farms

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Additional Information

CIIG Advanced Diploma Practice Questions - CIIG Advanced Diploma in Insurance Associateship Exam

This practice set contains 100 questions from the matching question bank and focuses on insurance, claims, policy, insurer, and commercial. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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