LLQP Ethics & Professional Practice · Component 1.1 · 60% of the exam
A client mails back a signed change form and asks the agent to sign as witness. The agent should:
- Asign, because the client has confirmed by telephone that the signature is genuine
- Bsign and note in the file that the signature was witnessed at a distance
- decline, because a witness attests to having seen the signature being made
- Dask a family member of the client to sign as witness in the agent's place
Correct answer: C) decline, because a witness attests to having seen the signature being made
Witnessing is a statement that the person signed in the witness's presence. Signing without having seen it is a false attestation, and regulators treat it as seriously as a falsified signature.
Why the other options are wrong
- ATelephone confirmation is not the same as seeing the signature made.
- BA note cannot convert an untrue attestation into a truthful one.
- DArranging for someone else to make the same false attestation is no better.
Exam tip
Only witness a signature you actually watched being written.
Common mistake
Witnessing a mailed-in form as a courtesy to the client.
What this tests
CISRO competency component 1.1 — 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.