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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.
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FMRP Exam Question:Which of the following statements is FALSE regarding rollovers of foreign exchange transactions at off-market rates?
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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.
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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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CMFAS M5 Exam Question:Which of the following statements regarding Financial Advisers is NOT true?
a) A financial adviser who provides financial advisory service in respect of securities has to maintain a register of its interest in securities.
b) A financial adviser can withdraw monies related to a contract of insurance
from a bank account maintained by it.c) A financial adviser can disclose to its clients any information on past performance in relation to a Collective Investment Scheme based on the simulated results of a hypothetical Collective Investment Scheme.
d) A financial adviser can make comparisons of the past performance of a Collective Investment Scheme with that of another Collective Investment Scheme to a client.

