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  M3 (Set 2)

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  3 Apr 2025
  CMFAS M3 Exam Question:

  Which of the following is NOT a criteria for Fund Managed Companies (FMCs) to meet?

  a) An FMC should ensure that the minimum competency requirements are met.

  b) An FMC should satisfy MAS that its shareholders, directors, representatives and employees, as well as the FMC itself, are fit and proper.

  c) An FMC carrying out fund management on behalf of any customer other than an accredited or institutional investor does not need to meet the base capital thresholds.

  d) An FMC should have in place compliance arrangements that are commensurate with the nature, scale and complexity of its business.

• 

  M6 (Set 1)

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  3 Apr 2025
  CMFAS M6 Exam Question:

  Which of the following types of equity securities has the lowest risk?

  a) Ordinary shares

  b) Non-ordinary shares

  c) Non-voting shares

  d) Preference shares

• 

  PGI Set A

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  3 Apr 2025
  PGI Exam Question:

  Which of the following statements regarding Blanket Coverage is FALSE?

  a) The insurer will pay the amount required to repair or replace the article less depreciation

  b) The insurer will not pay more than the amount of blanket coverage in the category

  c) The insurer will not pay more than the amount of blanket limit per item for loss to any one article

  d) The insurer will pay the insured in cash the replacement cost of the article if mutually agreed upon

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  BCP Set B

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  3 Apr 2025
  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.