Life and Disability Insurance Analysts must provide an agreement except for which of the following?

Prepare for the PSI Life, Accident, Health Exam. Engage with flashcards and multiple-choice questions, each with hints and explanations for a successful test experience!

The correct answer is that Life and Disability Insurance Analysts must provide an agreement for all mentioned factors except for the fees for servicing a policy they sold. This is because analysts typically do not have an obligation to disclose servicing fees related to policies they sell, as these fees are part of the overall commission structure and the relationship with the insurer.

In contrast, providing a clear agreement on information obtainable from the insurance company without cost is essential as it ensures transparency regarding what clients can access freely. Additionally, indicating the specific services to be performed along with the associated fee is important for establishing clear expectations and responsibilities with clients. Similarly, licensed agents are required to disclose any commissions they receive, as this impacts the advisor's credibility and helps clients make informed decisions. By having a clear understanding of potential commissions, clients can appreciate any conflicts of interest that might arise.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy