Which organization provides protection for holders of segregated fund contracts in Canada if the insurer becomes insolvent?

• A.Canadian Deposit Insurance Corporation
• B.Canadian Insurance Services Regulatory Organizations
• C.Assuris
• D.OmbudService for Life & Health Insurance

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Genevieve and Martin, a couple in their 40s, meet with Melissa, their insurance agent, to help them plan for their retirement. Melissa tells them that they would benefit from opening a spousal registered retirement savings plan (RRSP) given their financial situation and discrepancy in theirincomes. The couple would like to know the benefits of opening a spousal RRSP.

• A.A spousal RRSP is a way to move income from one spouse, who has a higher tax rate, to the other, who has a lower tax rate, during retirement.
• B.Contributions to a spousal plan are based on the contribution room of the recipient and reduce his or her RRSP contribution room.
• C.Contributions to a spousal plan can be made until the end of the year in which the older spouse turns 71.
• D.Having a spousal RRSP can extend the tax benefit of contributions past age 71 if the contributing spouse is younger.

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Arianna, a healthy 61-year-old university professor, is retiring this year and wants to transfer the funds she accumulated in her registered retirement savings plan (RRSP) into an annuity. She is looking at different options and would like to know which of the following annuities will pay the highest monthly benefit.

• A.A life annuity
• B.A life annuity with a 10-year guarantee
• C.An indexed annuity
• D.A joint life annuity

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A few months ago, Urmish filed a complaint to the Autorite des marches financiers (AMF) about the services he received from his insurance agent, Jaba. The complaint was heard by the discipline committee, and Jaba was found guilty and ordered to pay a $10,000 fine. Jaba is upset and does not agree with the verdict. She would like to appeal the verdict.
Which of the following statements is CORRECT?

• A.A decision made by the discipline committee may be appealed to the Chambre de la securite financiere (CSF).
• B.A decision made by the discipline committee may be appealed to the Court of Quebec.
• C.A decision made by the discipline committee may be appealed to the AMF.
• D.A decision made by the discipline committee cannot be appealed.

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