Vidyalelo
Commerce · Q494

Insurance

Graduate and Post Graduate · Commerce · question 494

Q494

Which of the below reflects Principle 2 of the Insurance Marketplace Standards Association (IMSA) principles?

A.
To provide competent and customer-focused sales and service
Answer
B.
To engage in active and fair competition
C.
To provide for fair and expeditious handling of customer complaints and disputes
D.
To maintain a system of supervision and review that is reasonably designed to achieve compliance with these principles of ethical market conduct

Answer: Option A

Solution

Answer: Option A
Solution:
To provide competent and customer-focused sales and service reflects Principle 2 of the Insurance Marketplace Standards Association (IMSA) principles.