Question: As a broker, you are working with a client who is seeking auto insurance. The client presents you with two alternate quotes from other brokers

As a broker, you are working with a client who is seeking auto insurance. The client presents you with two alternate quotes from other brokers as part of the mandatory "Take All Comers Rule" requirement. However, the quotes appear to be significantly lower than the market standard, raising suspicion. How should you proceed to ensure compliance with legal and regulatory requirements?

Options:

A) Accept the quotes without further investigation to finalize the client's insurance application quickly.

B) Report your concerns about the suspicious quotes to the Financial Services Regulatory Authority of Ontario (FSRA) for further investigation.

C) Submit the policy application with a note explaining the disparity in the quotes.

D) Offer a matching quote without verifying to keep the client with your brokerage.

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