Ethics Regulators, Licensing & Agent Duties question: years after a hand injury

EthicsRegulators, Licensing & Agent Duties

Mira, 52, a former surgeon in Edmonton, has been receiving $8,000 a month from her individual disability policy for two years after a hand injury. Her insurer, an Assuris member, becomes insolvent. She depends on the benefit to pay her mortgage and asks her agent what will happen to her payments. Assuris coverage applies. What monthly benefit does she keep?

A $5,000
B $6,800
C $7,200
D $8,000

Show the answer and explanation

Answer: C. $7,200

For monthly income benefits such as individual disability income, Assuris guarantees up to $5,000 a month or 90% of the benefit, whichever is higher. 90% of $8,000 is $7,200, which exceeds $5,000. Source: Assuris, product protection pages (assuris.ca, checked 12 Oct 2026; levels in force since 25 May 2023) (as at 12 Oct 2026).

Common mistake

Treating $5,000 a month as a maximum.

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Original study material mapped to the public CISRO curriculum; not a real test question.Not affiliated with CISRO, CCIR or any provincial insurance regulator. Verify figures and rules against current guidance before relying on them.