Alberta General Insurance Level 1 Practice Exam

Which of the following is NOT a benefit to members of the Insurance Bureau of Canada?

1. Free marketing services

2. Issues management and policy development

3. Investigative services

4. Insurance information and web-based applications

The correct answer is: Free marketing services

The Insurance Bureau of Canada (IBC) provides numerous benefits to its members that center around advocacy, policy, and risk management in the insurance sector. Investigative services, issues management and policy development, as well as access to insurance information and web-based applications are all core functions that IBC offers to support the interests and needs of its members. While marketing services can be valuable for many organizations, they are not typically categorized as a formal benefit of membership in the IBC. The IBC focuses on enhancing the insurance industry's framework, providing resources for regulatory compliance, and developing policies that protect both consumers and insurers, rather than offering direct marketing services. The primary aim is to ensure that the insurance industry operates efficiently and effectively within the Canadian marketplace, which includes providing advocacy and information, rather than the promotional or advertising assistance associated with free marketing services.