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Sample CNSF Cédula F Practice Questions

Try these sample questions to review concepts for the CNSF Cédula F exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In Mexican surety law, which three parties make up the relationship in a fianza de empresa issued by an institution?
A.Insurer, insured and beneficiary
B.Fiador, obligado solidario and agent
C.Institución de fianzas (fiadora), fiado and beneficiario
D.Afianzadora, reafianzadora and beneficiary
Explanation: Article 2794 of the Código Civil Federal defines fianza as a contract by which a person undertakes to the creditor to pay for the debtor if the debtor does not. In a fianza de empresa the institución de fianzas is the fiadora, the fiado is the debtor of the principal obligation, and the beneficiario is the creditor who may claim.
2What is the legal significance of the 'Principio de Accesoriedad' (Accessory Nature) in Mexican surety bond contracts?
A.The bond is an independent guarantee payable on first demand, whatever happens to the principal obligation
B.It depends on and follows a valid principal obligation between fiado and beneficiary
C.The bond stays valid even if the principal obligation is null
D.The bond can be reassigned to guarantee any other debt of the fiado
Explanation: A fianza is an accessory contract: it exists to guarantee a principal obligation and follows its validity, amount and duration. Article 96, fraction II, of the LISF requires surety agents to explain that the fianza may be extinguished when the guaranteed principal obligation is extinguished or for causes inherent to the fianza.
3Under Article 178 of the LISF, may an authorized surety institution invoke the benefits of orden and excusión against the beneficiary?
A.No; institutions do not enjoy the benefits of orden and excusión
B.Yes; the beneficiary must first sue the fiado and execute against all of the fiado's assets
C.Only for bonds in favor of private beneficiaries
D.Only when the policy expressly grants those benefits
Explanation: Unlike civil personal guarantors (fianza civil), Article 178 of the LISF establishes that commercial bonding institutions cannot assert the benefits of orden (requiring demand on the principal first) or excusión (requiring seizure and sale of all debtor assets before touching the guarantor). Once a breach is proven, the surety must respond directly.
4What is the fundamental difference between an insurance contract (Contrato de Seguro) and a surety bond contract (Contrato de Fianza) in Mexican financial law?
A.Insurance requires recovery guarantees from the insured, while surety never requires any collateral from the fiado
B.Surety is a bipartite contract between the afianzadora and the beneficiary only
C.Both give the institution the same recourse against its own client after paying
D.An insurer has no recourse against its insured; a surety institution recovers from the fiado
Explanation: In insurance the insurer assumes the insured's risk and, for a covered loss, has no recourse against its own insured. In surety the institution guarantees the fiado's obligation to the beneficiary; after paying it is subrogated in the creditor's rights (LISF Article 177) and the fiado and obligados must reimburse it (Article 289), which is why institutions must keep recovery guaranteed (Articles 167 and 168).
5Under Article 290 of the LISF, how can a surety institution collect bond premiums that the fiado failed to pay?
A.By cancelling the bond retroactively and notifying the beneficiary
B.By filing a complaint with CONDUSEF, which then collects the unpaid premium on the institution's behalf
C.Through the executive force Article 290 gives the fiado's contract, the policy and a certification
D.Only through an ordinary civil lawsuit, since no document has executive force
Explanation: Article 290 of the LISF gives executive force (aparejada ejecución) to the document that records the obligation of the solicitante, fiado, contrafiador or obligado solidario, together with a simple copy of the policy and a certification by persons the board of directors authorizes that the debt exists, to collect unpaid premiums and their accessories.
6Under Article 166 of the LISF, what is the póliza de fianza?
A.The fiado's application form, which the institution keeps
B.The numbered policy through which the institution assumes its obligations as fiadora
C.The counter-guarantee agreement between the institution and the fiado, including the collateral terms
D.The receipt for the bond premium
Explanation: Article 166 of the LISF: institutions assume obligations as fiadoras only through numbered policies and additional documents (increase, decrease, extension and other modifications). The policy must state at least the names and addresses of the institution, fiado and beneficiary; the fiado's guaranteed obligations; the amount; how the beneficiary must prove breach; the start and, if any, the validity; other applicable clauses; and the institution representative's signature.
7Under Mexican law, what is the role and legal function of an 'Obligado Solidario' (Co-Signer / Joint Indemnitor) in a surety contract?
A.A third party jointly liable with the fiado to reimburse the institution
B.The beneficiary who receives the bond
C.The reafianzadora that shares the risk of the bond with the ceding institution
D.The agent who places the bond
Explanation: The obligado solidario signs with the fiado (usually in the contrato solicitud) and binds itself jointly and severally to reimburse the institution. Obligación solidaria is one of the recovery guarantees listed in Article 168 of the LISF, and under Article 289 obligados solidarios must reimburse what the institution pays.
8Under Article 180 of the LISF, what characterizes coafianzamiento?
A.One institution cedes part of the risk to another institution
B.All participating institutions are jointly and severally liable to the beneficiary for the whole amount
C.The fiado obtains two bonds for the same obligation to double the guarantee
D.Several institutions share one guarantee, each liable only for its own share
Explanation: Article 180 of the LISF: in coafianzamiento there is no solidaridad pasiva; the beneficiary must claim the guaranteed liability from all the coafianzadoras, each in proportion to its respective guaranteed amount.
9What is 'Reafianzamiento' (Re-Suretyship / Surety Reinsurance) under the LISF?
A.Several institutions jointly guaranteeing the same obligation directly to the beneficiary
B.A second bond issued to replace an expired one
C.The cession of part of a bond's liability to other institutions
D.The fiado's counter-guarantee in favor of the institution
Explanation: Under Article 181 of the LISF, in reafianzamiento each participating institution answers to the ceding institution for an amount proportional to the liability it assumed. Reafianzadoras are reimbursed as the ceding institution recovers from the fiado, and, unless otherwise agreed, their prior consent is needed to increase the amount, change the validity or negotiate claims.
10What is the function of the 'Contrato Solicitud-Compromiso' (Master Surety Application-Indemnity Agreement)?
A.The policy delivered to the beneficiary as evidence of the institution's guarantee
B.The fiado's agreement with the institution on reimbursement and recovery guarantees
C.The endorsement that modifies a bond
D.The beneficiary's claim letter
Explanation: The contrato solicitud records the fiado's request and the obligations of the fiado, solicitante and obligados solidarios to the institution: reimbursement, recovery guarantees and related terms. Under Article 290 of the LISF, that document, a copy of the policy and a certification of payment carry executive force for recovery.

About the CNSF Cédula F Exam

Independent CNSF Cédula F practice by OpenExamPrep. The CNSF technical capacity exam for Categoría F (Fianzas) is a Spanish, computer-based test of 130 multiple-choice items in five pruebas, with at least 60% needed in each. These questions cover the LISF and Código Civil rules for fianzas, the fidelity, judicial, administrative and credit ramos and guarantee trusts, underwriting and recovery guarantees, and the claim and recovery procedures. They are an English-language MCQ study adaptation, not an official translation or a simulation of the CNSF exam.

Exam sponsor: Comisión Nacional de Seguros y Fianzas (CNSF), directly or through designated application centers such as the CEI. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Five separately scored pruebas: Introducción y marco jurídico; Aspectos generales; Fianzas de fidelidad y fideicomiso de garantía; Fianzas judiciales y fianzas de crédito; Fianzas administrativas

Time Limit

2 hours 10 minutes in total

Passing Score

At least 60% (Nivel I) in each prueba; 80% or more (Nivel II) keeps that prueba accredited while the authorization is renewed on time

Exam / Certification Fees

MXN 1,110 at the CNSF for the full exam (MXN 573 per single prueba) in 2026; MXN 1,340 at the CEI in Mexico City and Guadalajara

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

27% of practice bank

Marco legal de las fianzas

Fianza contract, parties, agents, policies, coafianzamiento, reafianzamiento, extinction, caducidad and prescription

36% of practice bank

Ramos y subramos de fianzas

Fidelity, judicial, administrative and public works, credit bonds and fideicomisos de garantía

18% of practice bank

Suscripción y garantías de recuperación

Underwriting criteria, financial analysis, recovery guarantees, retention and accumulation

19% of practice bank

Reclamaciones y recuperación

Claims under Articles 279 to 283, government bond demands, subrogation, reimbursement and executive titles

Preparing for the CNSF Cédula F Exam

What You Need to Know

  • Passing score: At least 60% (Nivel I) in each prueba; 80% or more (Nivel II) keeps that prueba accredited while the authorization is renewed on time
  • Assessment: Five separately scored pruebas: Introducción y marco jurídico; Aspectos generales; Fianzas de fidelidad y fideicomiso de garantía; Fianzas judiciales y fianzas de crédito; Fianzas administrativas
  • Time limit: 2 hours 10 minutes in total
  • Exam / certification fees: MXN 1,110 at the CNSF for the full exam (MXN 573 per single prueba) in 2026; MXN 1,340 at the CEI in Mexico City and Guadalajara Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

CNSF Cédula F: Suggested Study Strategy

1Learn the five LISF fianza ramos in Article 36 and their subramos, including fideicomisos de garantía.
2Know the claim timeline in Article 279 (15 days to request information, 15 days to answer, up to 30 days to pay or reject) and the caducidad and prescription rules in Articles 174 and 175.
3Memorize the recovery guarantees in Article 168 and the exceptions in Articles 169 and 170.
4For public works bonds, know the LOPSRM rules: advances guaranteed in full (Article 48) and a 10% vicios ocultos fianza for twelve months (Article 66).

Frequently Asked Questions

What does the CNSF Cédula F exam cover?

Under CUSF Disposition 32.7.1, Categoría F candidates take five pruebas: Introducción y marco jurídico, Aspectos generales, Fianzas de fidelidad y fideicomiso de garantía, Fianzas judiciales y fianzas de crédito, and Fianzas administrativas.

Do I need an insurance cédula first?

No. CUSF Disposition 32.3.6 makes Categoría F independent of the other categories, so it does not require or include Categorías A, B or C.

What score do I need to pass?

At least Nivel I (60%) in every prueba. A prueba passed at Nivel II (80% or more) stays accredited while the authorization is renewed on time; pruebas passed only at Nivel I must be taken again before the refrendo.

How long is the exam and what does it cost?

The CEI publishes 130 items and 2 hours 10 minutes for Categoría F. In 2026 the CNSF charges MXN 1,110 for a full exam or MXN 573 per prueba, and the CEI charges MXN 1,340 in Mexico City and Guadalajara.

Are these questions an official CNSF exam simulation?

No. The official exam is taken in Spanish on the CNSF exam system. These English-language multiple-choice questions are an independent study adaptation, not an official translation, question set or simulation.