Alberta General Insurance Level 1 Practice Exam

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Ace your Alberta General Insurance Level 1 Exam with our comprehensive practice quiz. Tailored to mimic the real test, our quiz offers detailed explanations, expert tips, and all you need to succeed. Start your path to becoming a licensed professional today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What must brokers also do besides disclosing all material information to insurers?

Offer the cheapest insurance options only
Explain coverages or lack thereof to the insured
Focus on selling the most insurance policies
Ignore the insured's specific needs

The correct answer is: Explain coverages or lack thereof to the insured

Brokers must also explain any coverages or lack thereof to the insured, as it is their duty to ensure that the insured fully understand their insurance policies. This includes making sure the insured is aware of any exclusions or limitations in their coverage. Option A is incorrect because brokers should not only offer the cheapest insurance options, but also the most suitable options for the insured's specific needs. Option C is incorrect because brokers should focus on providing the best options for the insured, not just selling the most policies. Option D is incorrect because brokers should take into consideration the specific needs of the insured and tailor their recommendations accordingly. Ignoring the insured's needs goes against their duty to act in the client's best interest.