Go back to ..
Home
main section

Solvency II Description - Mini Exam

With this test you can update your knowledge of Solvency II financial requirements and proposals.

Every month we create update questions, so keep coming back if you want to be in the loop.

Here's 5 questions, starting with the description of the proposals and the background and history and progression from Solvency II.

a	the same as Solvency I, but with an added proposal for insurance companies to reduce Tier 1 capital requirement requirements to below current levels
b	a set of rules and regulatory requirements that apply to insurance firms in the European Union and North America.
c	a set of rules and regulatory requirements that apply to insurance firms in the European Union.
d	a paint thinner

Answer: C

Solvency II is a set of rules and regulatory requirements that apply to insurance companies in the European Union.

Solvency II are updates to Solvency I regulations.

Answer B, Solvency II is not applicable to firms operating in the USA.

Answer A, is incorrect as new regulations will likely increase Tier 1 capital requirements.

Answer D, Come on, this is not a website devoted to solvent sniffing.

Answer: D is correct - they are planned to be implemented on the 1st November 2012