Question
Agents have a responsibility to act in compliance with the regulations and requirements applicable to them in the various regulatory documents they will read and
Agents have a responsibility to act in compliance with the regulations and requirements applicable to them in the various regulatory documents they will read and sign. Listed below are a series of statements relating to acting in compliance with regulations and code of conduct: 1) Agents must maintain the required liability insurance, errors and omissions (E&O) coverage (or professional liability insurance). 2) Agents must document the file. 3) Agents must keep detailed notes and correspondence of the original transactions, the recommendations made. 4) It is not necessary to document the client's acceptance/non-acceptance of those recommendations. 5) Agents must deliver the contract. 6) An agent should deliver the policy to the client regardless of any potential change in his/her health status. Of the statements listed above which ones are correct? Select one: a. 3,4,5 & 6 b. 1,2,3 & 4 C. They are all correct D. 1,2,3 & 5
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