LLQP (Life Licence Qualification Program) Practice Exam · Question
Which of the following is NOT a core principle of the Canadian Insurance Services Regulatory Organizations (CISRO)?
CISRO's principles focus on the fair treatment of customers, agent conduct, and transparency. While fair pricing is a market outcome, CISRO does not have a mand
Start free practice for LLQP (Life Licence Qualification Program) Practice Exam
374 questions · no signup required · 40 free questions per day
Question: Which of the following is NOT a core principle of the Canadian Insurance Services Regulatory Organizations (CISRO)?
Answer options:
- Fair Treatment of Customers. ✅ Ensuring the lowest possible premiums for consumers.
- Competence and Professionalism of Agents.
- Clarity and Transparency in all dealings.
Correct answer: Ensuring the lowest possible premiums for consumers.
Explanation: CISRO's principles focus on the fair treatment of customers, agent conduct, and transparency. While fair pricing is a market outcome, CISRO does not have a mandate to ensure the 'lowest possible' premiums.
Start free practice for LLQP (Life Licence Qualification Program) Practice Exam
374 questions · no signup required · 40 free questions per day
More about LLQP (Life Licence Qualification Program) Practice Exam
Related Questions
- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
- A personal non-registered permanent life insurance policy on Liam, a 40-year-old engineer in Montreal, has acc
- Universal life is:
More for LLQP (Life Licence Qualification Program) Practice Exam candidates
Study guides
Question explanations
- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free LLQP (Life Licence Qualification Program) Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.