LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A short-term disability plan registered under the employment insurance premium reduction program must:
- Pay a benefit at least as generous as employment insurance sickness benefits
- BBe paid for entirely by the employees through payroll deduction
- CCover only injuries that occur in the course of the member's employment
- DBe approved by the provincial insurance regulator before the reduction applies
Correct answer: A) Pay a benefit at least as generous as employment insurance sickness benefits
The program reduces the employer's employment insurance premium where the workplace plan meets or exceeds the federal sickness benefit, and part of the saving must be shared with employees.
Why the other options are wrong
- BThe plan is typically employer-funded; the reduction rewards the employer's provision.
- CShort-term plans cover non-occupational illness and injury.
- DThe program is federal and does not involve provincial insurance approval.
Exam tip
Registration means the plan at least matches employment insurance sickness benefits.
Common mistake
Assuming registration signals a deficient plan.
What this tests
CISRO competency component 2.1 — 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.