Ming-Na is a McGill University graduate interested in pursuing a career as an insurance of persons representative. She wants to know which piece of legislation sets out the definition and role of insurance of persons representatives.
Which of the options below is CORRECT?
A . The Insurers Act.
B . The Distribution Act.
C . The Act respecting insurance.
D . The Act respecting prescription drug insurance.
Answer: C
Explanation:
In Quebec, the Act respecting insurance is the legislation that outlines the role and responsibilities of insurance of persons representatives. This Act defines the scope of practice for representatives dealing with life insurance and accident and sickness insurance products, specifying how they should conduct themselves and fulfill their duties towards clients.
Other options, like the Distribution Act, relate to broader regulatory frameworks governing financial products but do not specifically address the role of insurance of persons representatives as defined in the Act respecting insurance.
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