New York Insurance Exam Practice Question
What is an agent's responsibility regarding policy illustrations?
Correct Answer: B
Rationale: An agent's primary responsibility is to ensure that policy illustrations are accurate and comply with relevant regulations (Option B). This ensures clients receive truthful and transparent information about their potential policy benefits.
Option A is incorrect because agents cannot guarantee illustrated returns, as actual performance may vary. Option C is misleading; illustrations should not be the sole basis for sales, as they must be supplemented with comprehensive policy information. Option D is also wrong, as avoiding illustrations deprives clients of valuable insights into policy options, which is essential for informed decision-making.
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