LLQP Ethics & Professional Practice · Component 1.6 · 60% of the exam
A claim for a death that occurred abroad requires:
- APayment in the currency of the country where the death occurred, at the exchange rate on the date of death
- Proof of death acceptable to the insurer, often translated and certified; death abroad is generally covered
- CNothing different from a domestic claim, since a Canadian death certificate is issued for every Canadian citizen who dies abroad
- DDenial, since standard life policies exclude death outside Canada unless a travel rider was purchased
Correct answer: B) Proof of death acceptable to the insurer, often translated and certified; death abroad is generally covered
Death abroad is covered unless a specific exclusion applies, but the insurer needs proof it can rely on — certified and translated foreign death certificates and often consular documents — so claims take longer.
Why the other options are wrong
- ABenefits are paid in Canadian dollars, not local currency.
- CDocumentation differs for a foreign death.
- DDeath abroad is covered unless specifically excluded.
Exam tip
Foreign death: certified/translated proof; coverage applies.
Common mistake
Assuming death abroad is excluded.
What this tests
CISRO competency component 1.6 — Integrate into practice the legal aspects of insurance and annuity contracts — which is weighted at 60% of the Ethics & Professional Practice module. Written against the published curriculum.
More from component 1
- An 'assignee' of a life insurance policy is:
- A corporation as policyowner and beneficiary of a policy on a key employee:
- A 'trustee' named to receive proceeds on behalf of a beneficiary:
- The 'automatic premium loan' (APL) provision:
- A life insurance contract 'matures' when:
- The 'assignment' provision typically states that:
Practice the whole Ethics & Professional Practice module
Timed sets weighted like the exam, and review of every question you miss. Free to start.