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Answer the questions based on you being a newly hired representative at a Financial Services Provider (FSP) specializing in insurance policies. Your role mainly involves selling life policies with no underwriting and short-term policies with no underwriting.
Explain the categorization under the FAIS Act that allows you to provide these specific services.
This response will be reviewed and graded after submission.
Detail the characteristics of long-term insurance B1A policies and short-term personal lines A1 insurance policies. What makes these policies different from other categories under the FAIS Act?
This response will be reviewed and graded after submission.
Describe the concept of underwriting in the context of your job, differentiating between ‘no underwriting’ and ‘limited underwriting.’ How does this apply to the long-term insurance B1A policies you sell?
This response will be reviewed and graded after submission.
The FAIS Act divides product categories into two tiers. Into which tier do long-term insurance B1A policies and short-term personal lines A1 insurance policies fall? Explain what this means for the standards that must be met as an FSP representative.
This response will be reviewed and graded after submission.
The REready! Pack is designed to be used to prep for RE1 or RE5 or both.
The content for RE1 and RE5 overlaps as both exams test your practical knowledge of the FAIS Act and FICA.
The class is not a facilitator that is going to read the law out of a book for you.
Anna Bouhail contextualizes the content and creates an understanding of basic concepts related to law, the industry, and competency exams.
The class is structured to also instill compliance skills allowing the learner to answer practical questions.