IFSE Institute Exam LLQP Topic 3 Question 6 Discussion

Actual exam question for IFSE Institute's LLQP exam

Question #: 6
Topic #: 3

Benjamin is a financial security advisor working for the Larson Group. He is following a mandatory compliance training session given by Andrew, the compliance manager. Andrew explains the importance of following the Chambre de la scurit financire code of ethics, and Benjamin would like to know to whom the code of ethics applies.

What is Andrew's CORRECT response?

AFinancial planners and financial security advisors.

BFinancial security advisors and their administrative assistants.

CClaims adjusters and group insurance plan advisors.

DDamage insurance agents and accident and sickness insurance representatives.

Show Suggested Answer

Suggested Answer: A

The Chambre de la scurit financire code of ethics applies specifically to financial security advisors and financial planners in Quebec. This code outlines the professional conduct required of those working within the financial services industry who advise clients on security products. Administrative assistants, claims adjusters, and damage insurance agents do not fall under the purview of the CSF code of ethics as they are regulated under different professional codes or by different oversight organizations.

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by Isreal at Oct 18, 2024, 03:32 AM

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21 days ago

Who does the code of ethics apply to?

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