21 0 Hal completed the sale of a group benefits and insurance plan to a small...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
21 0 Hal completed the sale of a group benefits and insurance plan to a small architectural and office design firm in Saskatoon, Saskatchewan. The owner, Dave, is also a personal client. Sandy, the office manager was designated as the plan administrator. Since that time, Hal has met with Dave regarding his personal retirement plans and did some disability insurance top-up for him 6 months ago. Hal and Dave also see each other monthly at social events and Hal often enquires in passing about his business and if everything is going well with the new group plan. However, since these are social occasions, Hal doesn't keep any records and the discussions are more casual and less detailed than would be in a formal business setting. Hal dealt with Sandy when the plan was implemented 14 months ago and he spoke to her at the last renewal. Which of the following statements about Hal's service to the group plan is correct? Hal regularly speaks with the owner of the company and he is therefore providing acceptable service. Hal's service to the group plan meets service standards because he has had contact with both the owner of the company and the plan administrator. Hal spoke to the plan administrator when the plan was implemented and at the last renewal, further action is not required. Oa) Ob) Oc) Od) Hal's service to the group plan is below standard and he should prepare a plan for periodic client contact, and document every sten of the 88 8 8 21 0 Hal completed the sale of a group benefits and insurance plan to a small architectural and office design firm in Saskatoon, Saskatchewan. The owner, Dave, is also a personal client. Sandy, the office manager was designated as the plan administrator. Since that time, Hal has met with Dave regarding his personal retirement plans and did some disability insurance top-up for him 6 months ago. Hal and Dave also see each other monthly at social events and Hal often enquires in passing about his business and if everything is going well with the new group plan. However, since these are social occasions, Hal doesn't keep any records and the discussions are more casual and less detailed than would be in a formal business setting. Hal dealt with Sandy when the plan was implemented 14 months ago and he spoke to her at the last renewal. Which of the following statements about Hal's service to the group plan is correct? Hal regularly speaks with the owner of the company and he is therefore providing acceptable service. Hal's service to the group plan meets service standards because he has had contact with both the owner of the company and the plan administrator. Hal spoke to the plan administrator when the plan was implemented and at the last renewal, further action is not required. Oa) Ob) Oc) Od) Hal's service to the group plan is below standard and he should prepare a plan for periodic client contact, and document every sten of the 88 8 8
Expert Answer:
Answer rating: 100% (QA)
Correct answer is option d Last option Hals service to the group plan is below sta... View the full answer
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
Posted Date:
Students also viewed these finance questions
-
To qualify for exclusion treatment on the sale of a principal residence, the residence must have been owned and used by the taxpayer for at least two years during the five-year period ending on the...
-
A computer manufacturer promoted the sale of a digital computer as a revolutionary breakthrough. The manufacturer made a contract to deliver one of these computers to a buyer. The seller failed to...
-
The proceeds from the sale of a $4500 five-year promissory note bearing interest at 9% compounded quarterly were $6055.62. How many months before its maturity date was the note sold if it was...
-
Sarah is confused about the difference between the perimeter and the area of a polygon. Explain the two concepts and the distinction between them.
-
(a) List all the 4-subsequences contained in the following data sequence: < {1, 3} {2} {2, 3} {4} >, assuming no timing constraints. (b) List all the 3-element subsequences contained in the data...
-
Consider the concentration data in Exercise 10.20. Construct a CUSUM chart on the residuals from the model you fit in part (c) of that exercise.
-
Table B. 25 contains the golf data on strokes gained. Use all possible regressions to build a model for these data. Perform a residual analysis on the final model and comment on model adequacy. SG:...
-
Cardinal Company is considering a project that would require a $2,975,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the...
-
Let f(x)= == 3x+7x-6 Find the equations of the horizontal asymptotes and the vertical asymptotes of f(x). If there are no asymptotes of a given type, enter 'NONE'. If there is more than one asymptote...
-
GMC wants to decide whether to retool the Lyra and Libra plants. In addition, GMC wants to determine its production plan at each plant in the coming year. Based on the previous data, formulate a MILP...
-
Gross income$47,595,000 Total sales 45,866,000 Total credit sales 27,585,000 Net income 5,609,000 Cost of goods sold 23,760,000 Total assets 13,647,000 Average inventory 6,136,000 Average receivables...
-
In what significant ways does the German judicial system differ from the American judicial system?
-
What are the steps Congress follows when passing a law?
-
How does the Supremacy Clause of the U.S. Constitution affect the ability of the U.S. states to pass legislation?
-
Affirmative action remains a contentious issue in areas of employment, school admissions, and government policies. Yet, many companies use a form of affirmative action to create a diverse workforce....
-
Which of the following is not an approach used to combat money laundering in cyberspace? 1. Identify and reduce the ability to make anonymous financial transactions. 2. Require confidential financial...
-
Yield to Maturity Spot Rate Year you observe the yields of the following Treasury securities (all yields are shown on a bond-equivalent basis): Year Yield to Maturity Spot Rate (Period) (%) (%)...
-
Describe the Operations (+,,*,/) that can cause negligible addition (NA), error magnification (EM), or subtractive cancellation (SC) in calculating ?((x^2)+1) - x . Give the range of where they might...
-
Carolyn, Elwood, and Isabella are involved in a real estate development. The development is a failure, and Carolyn, Elwood, and Isabella want to have their rights determined. They could bring a...
-
Industrial Mechanical had a contract with Free Flow Cooling, Ltd., a British company. Free Flow owed Industrial $171,974.44 for work Industrial had performed on a construction project in Texas. Free...
-
Beth Faragher worked part-time and summers as an ocean lifeguard for the Marine Safety Section of the city of Boca Raton, Florida. Bill Terry and David Silverman were her supervisors over the...
-
What is the main difference between a full-service and a limited-service supplier?
-
Discuss an ethical issue in marketing research that relates to each of the following stakeholders: (1) client, (2) the supplier, and (3) the respondent.
-
List two possible limitations when using social media for marketing research.
Study smarter with the SolutionInn App