CII 930 Practice Questions - Advanced Insurance Broking (930) Exam

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What is the primary risk associated with a broker relying heavily on contingent commissions (profit shares) from underwriting market partners?

Inability to hold statutory trust client money accounts. Potential conflict of interest between placement advice to clients and maximizing broker profit share. Automatic revocation of Lloyd's broker accreditation. Breach of UK Solvency II capital requirements for insurers.

Correct Answer:

Potential conflict of interest between placement advice to clients and maximizing broker profit share.

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