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American Bankers Association CRCM Exam - Topic 8 Question 59 Discussion

A bank representative is selling insurance products in, or on behalf of, the bank. What may the representative NOT require the customer to do?
D) Purchase the insurance from an affiliate of the institution
A) Pre-pay a portion of the initial premium
B) Complete an application for the insurance on the premises
C) Obtain a medical examination for life insurance coverage

American Bankers Association CRCM Exam - Topic 8 Question 59 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 59
Topic #: 8
[All CRCM Questions]

A bank representative is selling insurance products in, or on behalf of, the bank. What may the representative NOT require the customer to do?

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Suggested Answer: D

by Valentine at Oct 16, 2022, 12:53 AM

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In
8 months ago
I thought they could require an application on-site. Is that not allowed?
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Raymon
8 months ago
It's true, they can't force you to buy from an affiliate either.
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Felicidad
9 months ago
Wait, can they really not ask for a medical exam? Seems odd.
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Thurman
9 months ago
Totally agree, that's a big no-no!
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Coral
9 months ago
They can't require pre-payment of the premium.
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Leatha
9 months ago
I feel like they can ask for an application on the premises, but I don't recall if that's mandatory or just common practice.
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Alysa
9 months ago
I'm leaning towards option C about the medical exam. It seems like that shouldn't be a requirement, but I might be mixing it up with other types of insurance.
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Gerardo
9 months ago
I remember a practice question about insurance sales, and it mentioned something about not forcing customers to buy from affiliates. Could that be the answer?
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Jose
9 months ago
I think the representative can't require a customer to pre-pay a portion of the initial premium, but I'm not entirely sure.
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Twana
9 months ago
I've seen similar questions before, so I think I know the approach here. Just need to double-check the details.
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Rebecka
9 months ago
Okay, I think I've got a handle on this. The key is remembering that the subsidiary's cash inflows and outflows become part of the group's cash flows after the acquisition. And the cash acquired from the sub is shown as a cash inflow. I'll make sure to select those options.
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Arlie
9 months ago
This one seems pretty straightforward. I think the Release Burndown is a measure of the remaining Product Backlog across the time of a release plan, so I'll go with option B.
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Glory
10 months ago
I'm a bit confused by the "Brute force password cracking" option. That doesn't seem like a DDoS attack, so I'm not sure why it's included here. I'll focus on the other options that are more clearly related to DDoS protection.
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