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CMFAS M5 Exam Question:A financial adviser must disclose all of the following except:
a) any lien imposed on a life policy.
b) the bid and offer prices of a collective investment scheme with a single pricing scheme.
c) the risk factors that may result in the benefits payable to be less than that illustrated in the benefit illustration.
d) whether the units of a collective investment scheme will be priced on a historical or forward basis.
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FMRP (Set 1)
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FMRP Exam Question:Which of the following statements is FALSE regarding rollovers of foreign exchange transactions at off-market rates?
a) Maturing forward contracts can be extended or rollover-ed.
b) The current market spot rate should be used to liquidate the maturing contract and used as a base from which the new forward rate is derived.
c) The use of off-market rates is strongly discouraged.
d) Deals done at off-market rates may be used as a means to conceal profit or loss, or to perpetuate a fraud.
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BCP Set B
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BCP Exam Question:Which of the following statements regarding insurable interest is incorrect?
a) There must be some property, rights, interest or potential liability capable of being insured.
b) The property, rights, interest or potential liability must be the subject matter of the insurance.
c) The insured must not stand in a relationship, recognized by law, with the subject matter of the insurance.
d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.


