LLQP Accident & Sickness · Component 1.1 · 35% of the exam
A newly arrived permanent resident asks about disability coverage. The agent should establish first:
- AThat ten years of Canadian residence are required before an insurer will consider an application
- BWhether his home country's insurer will continue his previous coverage in Canada without a new application
- CThat he must hold Canadian citizenship before any individual disability policy can be issued
- Whether he is eligible under the insurer's residency rules, and whether provincial health coverage has begun
Correct answer: D) Whether he is eligible under the insurer's residency rules, and whether provincial health coverage has begun
Insurers set residency and time-in-Canada requirements that vary by company, and the provincial waiting period leaves a gap in the public layer that the analysis has to account for.
Why the other options are wrong
- ANo such ten-year rule exists; requirements are usually a matter of months.
- BA foreign policy generally does not follow the insured to Canada or cover a Canadian claim.
- CPermanent residents are insured routinely; citizenship is not a condition of coverage.
Exam tip
Check the insurer's residency rule and the provincial waiting period.
Common mistake
Assuming a new resident must wait years before applying.
What this tests
CISRO competency component 1.1 — Assess the client's needs and situation — which is weighted at 35% of the Accident & Sickness module. Written against the published curriculum.
More from component 1
- The single most important fact for sizing a client's disability income need is:
- A client's beneficiaries for assets are listed in the fact-finding. Why does this matter for A&S planning?
- A client asks why the agent wants to know how assets are owned (jointly or individually). In the A&S context the answer is:
- A client mentions a back injury five years ago that fully resolved. The agent should:
- Which element of a client's situation most affects the definition of disability that should be recommended?
- Which of the following health facts is most relevant to a client's disability insurance situation?
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.