Alberta General Insurance Level 1 Practice Exam

Question: 1 / 400

Which of these steps should brokers follow when they receive a policy?

Review for accuracy

Brokers should always review a received policy for accuracy before taking any further action. Option B, ignoring inaccuracies, could lead to potential errors or problems down the line. Option C, sending back the policy immediately, may not be necessary if the inaccuracies are minor and can be corrected. Option D, discarding any expiring documents, is not a necessary step in handling a received policy. Remember, accuracy is key in the insurance industry, so always review policies carefully before proceeding.

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Ignore any inaccuracies

Send the policy back to the insurer immediately

Discard any expiring documents

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