IFSE Institute LLQP Exam With Confidence Using Practice Dumps

When a term life insurance policy is issued with a specific rating based on risk factors, such as Kacey’s former occupation as a firefighter, the premiums are generally fixed and non-negotiable post-issuance. However, Kacey can apply for a new policy, which would consider her current lower-risk occupation and potentially offer lower premiums. She would need to undergo underwriting again. Thus,Option Bis correct, as the existing policy’s premiums cannot be adjusted retroactively to account for her new role​​.

Comprehensive and Detailed Explanation:

Credibility rating (20%) reflects the weight given to the group’s claims experience; the remaining 80% (100% - 20%) is based on the standard manual rate (Chapter 8:Group Plan Specifics).

Option A: Incorrect; too low.

Option B: Incorrect; matches credibility, not manual rate.

Option C: Correct; 80%.

Option D: Incorrect; too high.

Comprehensive and Detailed in Depth Explanation with Exact Extract from Documents and Guides:

TheCanadian Anti-Spam Legislation (CASL)governs the sending of commercial electronic messages (CEMs), such as emails or newsletters, to recipients in Canada. According to CASL, businesses must obtain consent—either express or implied—before sending CEMs to individuals. Since Bryan’s newsletter is a new initiative and none of the recipients have subscribed or requested it, Josh and Bryan lack consent, making CASL the primary law they must comply with. TheIFSE Ethics and Professional Practice Course (Common Law)highlights CASL under ethical businesspractices, noting that non-compliance can result in significant penalties. The Personal Information Protection and Electronic Documents Act (PIPEDA) deals with the collection and use of personal information, not unsolicited messages specifically. The Privacy Act applies to federal government institutions, and the National Do Not Call List pertains to telemarketing calls, not emails. Thus, option B is correct.