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Look, my advice? Just find that study guide online, memorize the standard questions, and you’ll breeze through... also, make sure you actually read the rules regarding insurance assistants, agency representation, and mutual funds... those topics keep popping up on the exams.
Good luck, everyone. 👍
For anyone planning to take the exam during the upcoming sessions:
grab those three sets—Groups A, B, and C—that are floating around online. If you can't find them, let me know and I'll pass them along...
On the last session, there were 18 questions that were straight repeats from those old exams.
I’ll jot down the new questions I recall—roughly:
1. Does an insurance agent's assistant need their own license to represent clients? NO
2. Who needs to be notified when we bring on a new insurance agent's assistant? The firm they represent, Hanifa, HUO, or the Chamber of Commerce?
3. Can an insurance agency business sell shares in investment funds?
4. On what basis does an American agency receive authorization to operate within the EU?
Based on the insurance laws, via Hanifa or the regulatory body of the specific EU country where they'll be operating.
5. Are agents required to prioritize consumer protection? YES
6. If there are multiple authorized individuals tied to a business share, how do they exercise their rights regarding that share? TOGETHER
7. How many years can an assistant perform insurance representation duties without a license? 2 YEARS
8. Is an insurance agent's assistant allowed to offer shares in investment funds?
9. Can premium amounts vary based on the gender of the insured? It can, it cannot, or it can depending on the type of insurance.
10. After how much time is an agency's operating permit revoked if they fail to act? 3 days after receiving the permit, 3 months, or 6 months.
11. If the policyholder and the insured are different people, does the insured need to give consent if the policyholder names a third party as the beneficiary? YES
12. Can an agent work for multiple insurance companies, or just one?
13. Where is the information center located: HUO, Hanifa, the Chamber of Commerce, or somewhere else?