Question 1

MacMan Inc. employs several salespersons who travel throughout Canada with samples of its products. Which type of coverage does MacMan Inc. require to protect its samples while in the salespersons' possession?

Options :

A : Aviation Insurance

B : Accident Insurance

C : Personal Property Floater

D : Commercial Property Floater

Answer: D

Question 2

Patrice works as a broker meeting a new client. He is building rapport by performing similar actions to those of his client. Which form of in-person communication is he engaging in?

Options :

A : Mirroring

B : Copycatting

C : Transparency

D : Open listening

Answer: A

Question 3

Which type of policy must be signed by a member of each participating insurer?

Options :

A : Prescription

B : All-inclusive

C : Subscription

D : Subrogation

Answer: C

Question 4

If one in every five houses suffers a $50,000 loss each year, and all houses have the same value, what would the pure premium be for each homeowner?

Options :

A : $2,500

B : $5,000

C : $10,000

D : $100,000

Answer: B

Question 5

Usually, what must an insurance intermediary do before using the personal information of a client for a purpose other than that for which the information was originally collected?

Options :

A : Obtain permission from the client to do so

B : Write to the client advising of the alternate usage

C : Advise the insurer’s ombudsperson of the intended usage

D : Obtain permission from the federal privacy officer to continue

Answer: A

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