CAIB 1 Chapter 7
CAIB 1 Chapter 7
, CAIB 1 Chapter 7
1. Who is responsible for the administration of the insurance act in your
province?: MB Government
2. Outline the initial licensing requirements, whether there are different
levels of licenses, the supervision requirements, and license terms in your
province.-
: Insurance license required. CAIB 1 with supervision
3. Outline the class of license issued in our province and whether this
license would be valid in other provinces.: CAIB, this is transferable to other
provinces
4. Define "Ethics: the principles of conduct governing an individual or a group
5. Identify 3 temptations that could cause a broker to act unethically.: 1. Sell
more insurance than is needed
2. Sell higher priced coverage when equivalent coverage is available at a lower
price
CAIB 1 Chapter 7
, CAIB 1 Chapter 7
1. Who is responsible for the administration of the insurance act in your
province?: MB Government
2. Outline the initial licensing requirements, whether there are different
levels of licenses, the supervision requirements, and license terms in your
province.-
: Insurance license required. CAIB 1 with supervision
3. Outline the class of license issued in our province and whether this
license would be valid in other provinces.: CAIB, this is transferable to other
provinces
4. Define "Ethics: the principles of conduct governing an individual or a group
5. Identify 3 temptations that could cause a broker to act unethically.: 1. Sell
more insurance than is needed
2. Sell higher priced coverage when equivalent coverage is available at a lower
price
