M9A (Set 1)

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100 Questions & Answers Category:

 
4 Feb 2026
CMFAS M9A Exam Question:

Investment management fees of an Investment Linked Policy (ILP) sub-fund are calculated based on a percentage of the:

a) distribution cost

b) assets under management (AUM)

c) bid-offer spread

d) premiums collected

The CMFAS M9A examination comprises of 50 questions, time given is 1 hour and the passing mark is 70%.

 

M9A (Set 1)

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  • M9A (Set 2)

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    4 Feb 2026
    CMFAS M9A Exam Question:

    If the policyholder of a structured Investment Linked Policy (ILP) survives throughout the term of the policy:

    a) The sum assured is paid out.

    b) The cash value is paid out.

    c) The maturity value is paid out.

    d) The policy ownership is passed on to the beneficiary.