Question

allotted time: 75 minutes
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14 ronnie asks his advisor, selma, which of these organizations is responsible for developing consistent standards of qualifications and practice of insurance across all provinces of canada. what does selma tell ronnie?
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a. canadian life and health insurance association (clhia)
b. canadian council of insurance regulators (ccir)
c. autorité des marchés financiers
d. canadian insurance services regulatory organizations (cisro)
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Explanation:

To solve this, we analyze each option:

• Option a (CLHIA) focuses on life and health insurance industry advocacy, not standard development across provinces.
• Option b (CCIR) coordinates insurance regulation but not standard - setting for qualifications/practice.
• Option c (Autorité des marchés financiers) is a Quebec - specific financial regulator, not national for insurance standards.
• Option d (CISRO) is responsible for developing consistent standards of qualifications and practice of insurance across all provinces of Canada.

Answer:

d. Canadian Insurance Services Regulatory Organizations (CISRO)