LLQP Exam Dumps | Elizabeth is a seasoned insurance agent. She meets with Harold, a new agent, to help him better understand

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Question 94/126

Elizabeth is a seasoned insurance agent. She meets with Harold, a new agent, to help him better understand the industry and the processes that they must follow. Elizabeth tells Harold about a body that administers the regulatory system applicable to insurance intermediaries. Which of the following is Elizabeth referring to?

A. OmbudService for Life and Health Insurance (OLHI)

B. Canadian Council of Insurance Regulators (CCIR)

C. Office of the Privacy Commissioner of Canada

D. Canadian Insurance Services Regulatory Organizations (CISRO)

Correct Answer: D

The Canadian Insurance Services Regulatory Organizations (CISRO) is responsible for administering the regulatory framework for insurance intermediaries across Canada. CISRO works with provincial and territorial regulators to ensure consistent standards and practices for insurance agents, helping maintain public trust and professional integrity within the industry. Elizabeth is correctly referencing CISRO as the body that manages the regulatory system applicable toinsurance intermediaries.

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