Ethics Contract Formation, Disclosure & Provisions question: life policy last year after completing a written medical questionnaire

EthicsContract Formation, Disclosure & Provisions

Ravi, 49, of Brandon, bought a $500,000 life policy last year after completing a written medical questionnaire. He is now refinancing his business and his lender wants to see the full contract. Ravi writes directly to the insurer asking for a copy of the entire contract and of the written medical answers he gave as evidence of insurability. It is his first such request. What must the insurer do?

A Provide only the policy, because the application stays on the insurer's file
B Provide them only if the request comes through Ravi's agent of record
C Refuse, because the medical answers belong to the underwriting file
D Provide them on request; only copies after the first may carry a fee

Show the answer and explanation

Answer: D. Provide them on request; only copies after the first may carry a fee

An insurer must, on request, give the insured or a claimant a copy of the entire contract and of any written statement provided as evidence of insurability. It may charge a reasonable fee for copies, but not for the first copy furnished to each person. The insured can ask directly; the request does not have to come through the agent. Source: Insurance Act (BC), RSBC 2012, c. 1, s. 41(4), s. 41(7) (current to 6 Oct 2026; as at 12 Oct 2026); the other common-law provinces' Insurance Acts have the same uniform provision.

Common mistake

Believing the evidence of insurability is the insurer's private file that the client cannot see.

Practice more Ethics Contract Formation, Disclosure & Provisions questions

Exam-style questions with worked answers, then full timed mocks. Free to start.

Start practicing →

Study note: Contract Formation, Disclosure & Provisions Ethicspractice questions & mock exams

Related Ethics practice questions

Hana completed an application for $400,000 of term life insurance on 2 June and paid nothing with it. The policy was issued on the terms she applied for and mailed to her agent on 20 June. Before the agent delivered it, Hana was diagnosed with a serious heart condition. The agent then delivered the policy and collected the first premium. Is the contract in force?Insurer X issued Owen's policy on the terms he applied for and sent it to his agent for unconditional delivery. Owen had already paid the first premium with his application, and his health had not changed. Owen died in a car accident before the agent handed him the policy. What is the insurer's position?Jerome has been a licensed life agent in Winnipeg for six years. A new client, Viktor, 52, owns two restaurants and wants a single-premium non-registered universal life policy to leave money to his nephew. At their second meeting Viktor hands Jerome $12,000 in Canadian bank notes for the premium, saying his business deals mostly in cash. No exception under the regulations applies. What must happen under the federal anti-money-laundering rules?

Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.

Start practicing →

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.