LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A 'loss of licence' or 'professional licence' benefit in a DI policy for pilots or physicians:
- Treats medical loss of the licence required to work as a disability, even if other work is possible
- BIs available on every individual disability policy regardless of the insured's occupation or class
- CPays the legal fees incurred in defending a professional licence before the regulator's discipline committee
- DPays a benefit when the insured voluntarily surrenders the licence on retirement from practice
Correct answer: A) Treats medical loss of the licence required to work as a disability, even if other work is possible
For licence-dependent occupations, medical loss of licence ends the career. Specialized products or riders address it; it is a form of own-occupation protection.
Why the other options are wrong
- BIt is occupation-specific.
- CIt is not legal expense coverage.
- DRetirement is voluntary and is not disability.
Exam tip
Loss of licence coverage = medical loss of the required licence treated as disability.
Common mistake
Failing to consider licence-dependent occupations' special exposure.
What this tests
CISRO competency component 2.2 — Analyze the available products that meet the client's needs — which is weighted at 30% of the Accident & Sickness module. Written against the published curriculum.
More from component 2
- A group benefits booklet lists AD&D coverage alongside life and LTD. The AD&D benefit pays:
- A hospital indemnity (hospital cash) policy pays:
- Employment Insurance sickness benefits are available to:
- Which government program coordinates with an individual DI policy through a possible offset AND also affects the definition of insurable income?
- A group plan's 'eligibility waiting period' (probationary period) is:
- A CI policy that is 'convertible' allows the insured to:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.