- 14. TRUE or FALSE Before splitting commissions with another Agent, the Agent will ensure that the person is appropriately licensed where necessary to receive the split. False True
- 13. Which is not included in the Most Frequently Requested Documents for an audit? A copy of your current driver's license Copies of needs-based selling documents. Your monthly Agent complaint Log(s) to date A current copy of your Errors & Omissions Insurance
- 12. It is important that the life agent keep his business practice and conduct within these principles and the rules of core ethical values, except one? Not responding in compliance with regulations and codes of conducts. Managing conflicts of interest properly Acting in good faith Making proper disclosure
- 11. What unfair or deceptive practice is when an Agent encourages a client to give up one product for another with the same insurer for the agent to benefit from the commission? Twisting Tied Selling Churning Premium Rebating
- 10. In giving advice , which of the following is not needed from a client to assess their insurance needs objectives? Their needs, priorities, and circumstances Working permit, driver's license & current bill statement Their risk tolerance Their ability to afford the product
