LLQP Ethics & Professional Practice · Component 1.6 · 60% of the exam
A death occurred abroad and the certificate is written in a language other than English or French. The insurer will generally require:
- Anothing further, since a foreign document is accepted exactly as it is issued
- a certified translation along with the original document and any further proof requested
- Cthe claim to be filed with the insurance regulator of the country where death occurred
- Dthe claimant to travel to the country concerned and obtain a Canadian death certificate there
Correct answer: B) a certified translation along with the original document and any further proof requested
Insurers need documents they can read and verify, so a certified translation is standard. Foreign records can take months to obtain, so the agent should prepare the family for the delay rather than promising a quick settlement.
Why the other options are wrong
- AA document the insurer cannot read cannot be accepted as it stands.
- CThe claim is made to the Canadian insurer that issued the policy.
- DNo Canadian certificate is issued for a death that occurred abroad.
Exam tip
Foreign death documents need certified translation and take longer.
Common mistake
Promising a quick settlement where the proof must come from abroad.
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.