CII M05 Q&A - in .pdf

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  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
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NEW QUESTION: 1
An application developer configures a TaskSpace component in Forms Builder. What can be referenced in the conditional expressions to hide/show fields?
A. TaskSpace role
B. business calendar
C. parent application
D. TaskSpace tab
Answer: A

NEW QUESTION: 2
What does a choice pseudostate designate?
A. point whose outgoing transitions are optional
B. a conditional fork pseudostate
C. point at which outgoing guards are evaluated
D. point with an associated Boolean condition
E. point that is chosen dynamically during execution
Answer: C

NEW QUESTION: 3
According to Standard IV (B.7), Disclosure of Conflicts, service on a board of directors poses which of the following as a basic conflict of interest?
A. Opportunity to receive material nonpublic information.
B. Investment personnel who serve as directors may receive securities or the option to purchase securities of the company as compensation for serving on the board.
C. Fiduciary duties owed to clients and the duties owed to shareholders.
D. All of these answers.
E. None of these answers.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Under Standard IV (B.7), service as a director poses all three statements as basic conflicts of interest.
Hence, when members providing investment service serve also as directors, they should be isolated from those making investment decisions by the use of Fire Walls or similar restrictions.

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