SCI ComGI Practice Questions - SCI Commercial General Insurance (ComGI) Examination Exam

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What does the Central Bank of Ireland's Consumer Protection Code require an intermediary to do before recommending an insurance product?

Obtain at least three competing quotes from different underwriters. Verify that the client has an annual turnover of less than €3 million. Conduct a 'Knowing the Client' fact-find to gather information on the client's needs, objectives, and financial situation. Conduct a credit check on the client's commercial bank accounts.

Correct Answer:

Conduct a 'Knowing the Client' fact-find to gather information on the client's needs, objectives, and financial situation.

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