The evaluation tables indicate the skills that candidates must acquire in order to master a competency that will be evaluated by an AMF exam in the sector of insurance of persons, group insurance of persons and their sector classes. They set out the weighting of the components of the competency evaluated, which is reflected by the number of questions in the exam.

The evaluation tables are therefore a reference framework for AMF exams. They reflect the AMF's expectations with regard to each competency set out in the Regulation respecting the issuance and renewal of representatives’ certificates This link will open in a new window. The tables can also serve as an exam preparation tool, helping candidates to take full advantage of their readings by focusing on the AMF's expectations. The evaluation tables should consequently guide candidates in preparing to write AMF exams in the insurance of persons and group insurance of person sector and their sector classes.

You will find more information at Curriculum - LLQP (pdf - 1 MB)This link will open in a new window

Insurance of persons

MODULE: Ethics and professional practice (Québec)

COMPETENCY: Develop an ethical professional practice, in compliance with the rules governing the insurance of persons sector (01-111)

Duration of the exam: 75 minutes

Number of questions: 20

Competency components :

  1. Understand the legal framework governing insurance of persons (Weighting: 20 %)
    1. Define the provisions of the Civil Code of Québec applicable to insurance of persons
    2. Define the other sources of law applicable to insurance of persons
  2. Integrate into practice the legal aspects of insurance and annuity contracts (Weighting: 40 %)
    1. Characterize the parties involved in the contract
    2. Contextualize the rules relating to the contract’s formation, taking effect, reinstatement and termination
    3. Explain the main provisions and clauses of an insurance or annuity contract
    4. Integrate into practice the rules relating to beneficiary designation and exemption from seizure of benefits
    5. Contextualize the rules relating to claims and the payment of benefits
  3. Integrate into practice the rules governing the activities of representatives in insurance of persons (Weighting: 40%)
    1. Explain the role of the organizations that protect consumers
    2. Integrate into practice the duties and obligations set out in the Code of ethics of the Chambre de la sécurité financière
    3. Integrate into practice the obligations and responsibilities of representatives in insurance of persons

In the context of the ethics and professional practice module of the Curriculum, the term “insurance of persons” is used to refer broadly to all categories of individual and group insurance of persons products, namely, life insurance, accident and sickness insurance (living benefits), annuity contracts (segregated funds, GIAs and immediate annuities) and supplemental pension plans.

MODULE: Ethics and professional practice (Canada)

COMPETENCY: Develop an ethical practice, in compliance with the rules governing the life insurance sector (01-112)

Duration of the exam: 75 minutes

Number of questions: 20

Competency components :

  1. Integrate into practice the legal aspects of insurance and annuity contracts (Weighting: 60 %)
    1. Delimit the legal framework governing life insurance
    2. Characterize the parties involved in the contract
    3. Contextualize the rules relating to the contract’s formation, taking effect, reinstatement and termination
    4. Explain the main provisions and clauses of an insurance or annuity contract
    5. Integrate into practice the rules relating to beneficiary designation and exemption from seizure of benefits
    6. Contextualize the rules relating to claims and the payment of benefits
  2. Integrate into practice the rules governing the activities of life insurance agents (Weighting: 40 %)
    1. Explain the role of the organizations that protect clients
    2. Integrate into practice the obligations and responsibilities of life insurance agents

In the context of the ethics and professional practice module of the Curriculum, the term “life insurance” is used to refer broadly to all categories of individual and group insurance of persons, namely, life insurance, accident and sickness insurance (living benefits), individual variable insurance contracts (IVICs) (segregated funds), and annuities.

MODULE: Life insurance

COMPETENCY: Recommend individual and group life insurance products adapted to the client’s needs and situation (01-311)

Duration of the exam: 75 minutes

Number of questions: 30

Competency components :

  1. Assess the client’s needs and situation (Weighting: 35 %)
    1. Determine the client’s situation
    2. Assess the appropriateness of the client’s existing coverage in regards to his or her situation
    3. Articulate the client’s needs based on the risks that could affect his or her financial situation
  2. Analyze the available products that meet the client’s needs (Weighting: 30 %)
    1. Analyze the types of contracts that meet the client’s needs
    2. Analyze the riders that meet the client’s needs
  3. Implement a recommendation adapted to the client’s needs and situation (Weighting: 25 %)
    1. Consider the impact of underwriting criteria as they apply to the client’s situation
    2. Propose a recommendation adapted to the client’s needs and situation
    3. Confirm the requirements that must be met to implement the recommendation
  4. Provide customer service during the validity period of the coverage (Weighting: 10 %)
    1. Validate the appropriateness of contract amendment, renewal and termination applications in regards to the client’s situation
    2. Inform the claimant of the claims process

MODULE: Accident and sickness insurance

COMPETENCY: Recommend individual and group accident and sickness insurance products adapted to the client’s needs and situation (01-312)

Duration of the exam: 75 minutes

Number of questions: 30

Competency components :

  1. Assess the client’s needs and situation (Weighting: 35 %)
    1. Determine the client’s situation
    2. Assess the appropriateness of the client’s existing coverage in regard to his or her situation
    3. Articulate the client’s needs based on the risks that could affect his or her financial situation
  2. Analyze the available products that meet the client’s needs (Weighting: 30 %)
    1. Analyze the types of contracts that meet the client’s needs
    2. Analyze the riders that meet the client’s needs
  3. Implement a recommendation adapted to the client’s needs and situation (Weighting: 25 %)
    1. Consider the impact of underwriting criteria as they apply to the client’s situation
    2. Propose a recommendation adapted to the client’s needs and situation
    3. Confirm the requirements that must be met to implement the recommendation
  4. Provide customer service during the validity period of the coverage (Weighting: 10 %)
    1. Validate the appropriateness of contract amendment, renewal and termination applications in regards to the client’s situation
    2. Inform the claimant of the claims process

MODULE: Segregated funds and annuities

COMPETENCY: Recommend segregated funds, individual annuities and group pension plans adapted to the client’s needs and situation (01-313)

Duration of the exam: 75 minutes

Number of questions: 30

Competency components :

  1. Assess the client’s needs and situation (Weighting: 35 %)
    1. Determine the client’s situation, investment objectives, and investor profile
    2. Assess the appropriateness of the client’s existing coverage in regard to his or her situation
    3. Articulate the client’s needs based on the risks that could affect his or her financial situation
  2. Analyze the available products that meet the client’s needs (Weighting: 30 %)
    1. Analyze the types of investments that can constitute a segregated fund and that meet the client’s needs
    2. Analyze the advantages of segregated funds in comparison to other types of investments in regard to the client’s needs
    3. Analyze the types of annuities that meet the client’s needs
    4. Analyze the types of group retirement and investment plans that meet the client’s needs
  3. Implement a recommendation adapted to the client’s needs and situation (Weighting: 25 %)
    1. Propose a recommendation adapted to the client’s needs and situation
    2. Confirm the requirements that must be met to implement the recommendation
  4. Provide customer service during the validity period of the coverage (Weighting: 10 %)
    1. Validate the appropriateness of contract amendment, renewal and termination applications in regard to the client’s situation
    2. Inform the claimant of the claims process