Question

According to insurance regulations, what must be provided to the prospect to enable them to decide on the best cover?

a.

A sales pitch.

b.

Material information in respect of a proposed cover.

c.

A discount on the premium.

d.

A free gift.

Answer: (b).Material information in respect of a proposed cover. Explanation:According to insurance regulations, the insurer or its agent or intermediary must provide all material information in respect of a proposed cover to the prospect to enable them to decide on the best cover that would be in their interest.

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Q. According to insurance regulations, what must be provided to the prospect to enable them to decide on the best cover?

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