LLQP Ethics & Professional Practice · Component 2.2 · 40% of the exam
The agent's obligation regarding 'group insurance enrolment' is to:
- AUnderwrite each member individually before enrolment, so the insurer receives only risks the agent has assessed
- BNothing, since the employer's human resources department is responsible for enrolling employees in the plan
- Ensure members get accurate information, enrol in time with designations, understand evidence rules, and know conversion rights
- DSet the premium rates for the group, since the agent knows the members' circumstances better than the insurer
Correct answer: C) Ensure members get accurate information, enrol in time with designations, understand evidence rules, and know conversion rights
Group service duties protect members from gaps caused by late or incomplete enrolment.
Why the other options are wrong
- AUnderwriting members is the insurer's role.
- BThe agent supports enrolment.
- DSetting group premiums is the insurer's role.
Exam tip
Group: timely enrolment, designations, late-applicant rules, conversion rights.
Common mistake
Letting employees miss the enrolment window.
What this tests
CISRO competency component 2.2 — Integrate into practice the rules governing the activities of life insurance agents — which is weighted at 40% of the Ethics & Professional Practice module. Written against the published curriculum.
More from component 2
- A prospective client wants to confirm that an agent is properly licensed before meeting him. She should:
- A dual-licensed agent's mutual fund business is reviewed following a client complaint. The review will be conducted by:
- Assuris coverage applies to:
- OLHI's services are available to:
- Complaints about an agent's conduct (as opposed to an insurer's claim decision) should be directed to:
- The best summary of an agent's ethical obligations is to:
Practice the whole Ethics & Professional Practice module
Timed sets weighted like the exam, and review of every question you miss. Free to start.