CAS Exam 6C Spring 2014, Question 6
Study guide: Exam 6C
A small Ontario mutual insurance company is conducting a review of the homeowners' mix of business in the last 12 months and has some concerns regarding the number of new business applications with prior water damage claims.
The company plans to address the problem with a rate change, but as an interim solution tells its top five brokers not to place any business with prior water damage claims with the company.
Explain how the brokers should respond according to the RIBO Code of Conduct.
Part a (1 point)
Answer this question and see the worked solution