CII M92 Practice Questions - Insurance Business And Finance (M92) Exam

What primary regulatory distinction applies to a composite insurer compared to a specialist insurer in the UK?

Composite insurers write both life and general insurance, subject to strict structural or accounting separation rules under PRA regulations. Composite insurers are exempt from FCA conduct oversight due to their diversified business model. Specialist insurers are prohibited from purchasing treaty reinsurance. Composite insurers are forbidden from operating outside the United Kingdom.

Correct Answer:

Composite insurers write both life and general insurance, subject to strict structural or accounting separation rules under PRA regulations.

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