LLQP Accident & Sickness · Component 1.1 · 35% of the exam
For a group client, why does the curriculum list the 'employee data sheet' alongside the 'nature of business'?
- ABecause dividends on the group policy are calculated from both documents
- Because together they describe who is insured and in what environment
- CBecause provincial law requires both to be filed with the regulator at issue and again at every renewal
- DBecause the sponsor's annual audit requires both to be kept on file
Correct answer: B) Because together they describe who is insured and in what environment
Group pricing is a function of the people (census) and the work (industry). Both are needed for a quote and for the insurer to assess anti-selection and hazards.
Why the other options are wrong
- AGroup A&S plans do not pay dividends in this sense.
- CThey are underwriting requirements, not regulatory filings.
- DThey are pricing inputs, not filing items.
Exam tip
Group quote = census + industry + claims experience.
Common mistake
Requesting a group quote with an incomplete census.
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.