A client mentions that they have many prescriptions to fill before leaving for vacation. What should the Broker this client about their travel insurance? OA) If the client's prescriptions change, they must notify the insurance company before leaving for vacation. OB) If the client's prescriptions change, depending on the timing, the condition that medication is treating may be excluded. OC) Medication changes such as switching to generic brands could invalidate some claims. QR) Changes in medication within two days of departure periods will invalidate any claim during his vacation.
A client mentions that they have many prescriptions to fill before leaving for vacation. What should the Broker this client about their travel insurance? OA) If the client's prescriptions change, they must notify the insurance company before leaving for vacation. OB) If the client's prescriptions change, depending on the timing, the condition that medication is treating may be excluded. OC) Medication changes such as switching to generic brands could invalidate some claims. QR) Changes in medication within two days of departure periods will invalidate any claim during his vacation.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:A client mentions that they have many prescriptions to fill before leaving for vacation. What should the Broker this
client about their travel insurance?
OA) If the client's prescriptions change, they must notify the insurance company before leaving for vacation.
OB) If the client's prescriptions change, depending on the timing, the condition that medication is treating may be
excluded.
OC) Medication changes such as switching to generic brands could invalidate some claims.
OD) Changes in medication within two days of departure periods will invalidate any claim during his vacation.
Transcribed Image Text:An individual with a bad driving record comes to your office for automobile insurance. You give him/her a premium
quotation. He/she cannot pay you right away but demands cover immediately. What are you obligated to do?
A) You are obliged to provide coverage for 21 days.
OB) You must provide coverage. If you wish to cancel it subsequently for non-payment of premium, you must first
apply to the Financial Services Regulatory Authority of Ontario for permission to do so.
OC) You must provide an application for completion and forward it to an insurer.
OD) You should report this type of situation to RIBO for guidance.
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