Group insurance and group annuity representative Zaheb recently sold a group insurance contract to Alumo Inc., a company that employs about 50 plant employees. This is the first time the company offers such a plan.
The employees are asking the company questions about how the prescription drug plan works. They are especially surprised to see that the plan covers very few of the brand name drugs often prescribed by their physicians. What should Zaheb do?

• A.Let Alumo answer its employees' questions about the prescription drug plan because it is best placed to understand their concerns.
• B.Recommend that the employees consult the Medical Information Bureau's (MIB) official website, which explains how prescription drug plans work.
• C.Put an employee information program in place to explain the rules of the prescription drug plan.
• D.Notify the insurer because it alone is able to explain the prescription drug plan rules to the employees.

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Antonin and Magali are common-law partners in their thirties. They have two children together: a five-year- old daughter and a two-year-old son. Divorced from ex-wife Vanina, Antonin must pay her $1,500 a month in child support until their 10-year-old son reaches 25 years of age. Antonin is covered under a group life insurance policy equal to one year of his $75,000 annual salary. Magali does not currently earn any income, as she takes care of their two children full-time. Antonin is the sole owner of their residence, which will be fully paid off in 25 years.
What life insurance coverage do Antonin and Magali need in their situation?

• A.Permanent coverage to replace Antonin's income.
• B.Permanent coverage to replace Antonin's income and 15-year term coverage to support the child from his previous relationship.
• C.Mortgage payment coverage, term-to-age 65 coverage to replace Antonin's income and 15-year term coverage to support the child from his previous relationship.
• D.Mortgage payment coverage, group insurance coverage equal to twice Antonin's annual salary and 15- year term coverage to support the child from his previous relationship.

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Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs. Larry tells Ethan that he wants to collect all pertinent financial information to prepare a net worth statement for Ethan.
Why does Larry want to prepare Ethan's net worth statement?

• A.To have enough information to identify where Ethan spends his money.
• B.To determine Ethan's various sources of income.
• C.To determine how much Ethan can spend on accident and sickness insurance premiums.
• D.To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency.

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

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Mercedes is a single mother to her 5-year-old son Arthur. Arthur's father Richard is not in his son's life because he is a recovering drug dealer who spent the last 4 years in and out of prison. Mercedes has full custody of Arthur and cannot count on help from her family because they live in another province.
Wanting to ensure his well-being, in the event of her death, Mercedes purchases a $100,000 life insurance policy and names Arthur the sole beneficiary of the policy.
If she died without a will who would receive the death benefit?

• A.Arthur
• B.Richard
• C.Director of youth protection
• D.Mercedes's estate

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