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  If a motor vehicle cannot be restored to a safe pre-accident condition and the total repair costs exceeds the Economic Repair Value, the insurer will have the option to settle the claim on a:

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  d) Damage Limit of Indemnity Basis

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  ComGI Mock Question:

  Which of the following terms correctly describes a situation where an individual who is liable for an accident is under the control of some other person or organization, and who, therefore, transfers liability to that party in control?

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  b) Absolute Liability

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  CMFAS M3 Mock 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.