MODULE 8:

KEEP YOUR LICENSE

ADVISOR DUTIES
ABIDE WITH THE ADVISOR BUSINESS SOLICITATION IS
BE FINANCIALLY SOLVENT
AGREEMENT SOLELY FOR THE COMPANY

YOU SHOULD
BE…
INTERVIEW THE APPLICANTS EXPLAIN ALL ESSENTIAL DISCLOSE ALL RELEVANT
AND LIFE TO BE INSURED POLICY CONTRACT CLIENT INFO TO THE
PERSONALLY PROVISIONS COMPANY

UPON TERMINATION, TURN

OVER TO THE COMPANY ALL
TURN OVER ALL CLIENT ABIDE WITH COMPANY
EXISTING DOCUMENTS
PAYMENTS IN FULL TO THE STANDARDS AND COMPANY
RELATED TO THE CONDUCT
COMPANY POLICY UPDATES
OF HIS JOB (BOTH SOFTWARE
AND HARDWARE)

MAINTAIN WITH
CONFIDENTIALITY ALL
COMPANY INFORMATION
BOTH NOW AND IN THE
FUTURE.
ADVISOR ALTER ANY COMPANY
LIMITATIONS CANNOT ACCEPT RISK ON
BEHALF OF THE COMPANY
ISSUED PROVISIONS IN
RELATION TO CLIENTS
INCUR EXPENSE AND
LIABILITY CHARGEABLE TO
THE COMPANY
APPLICATION

YOU CANNOT… YOU CANNOT ACCEPT ANY

ISSUE, PRINT, AND RENUMERATION FROM
REMIT PREMIUMS WHICH
DISTRIBUTE COMPANY OTHERS IN THE CONDUCT
ARE NOT PAID FOR BY THE
DOCUMENTS WITHOUT OF YOUR BUSINESS
CLIENT
AUTHORIZATION RELATED TO THE COMPANY
(SUHOL)

MISREPRESENT TERMS
DELIVER A POLICY
OFFER ANY FORM OF PROVIDED IN THE POLICY
CONTRACT IF THERE IS A
INDUCEMENT CONTRACT AND RELATED
CHANGE IN INSURABILITY
DOCUMENTS

USE COMPANY RELATED

INFORMATION WITHOUT
AUTHORIZATION
SOME TERMS USED FOR FRAUDULENT PRACTICES

CO-MINGLING
MISREPRESENTATION INDUCEMENT

REBATING
TWISTING
CLAUSE VI-C c) If within 365 calendar days before or after the issue date of an application
for a new policy, an EXISTING policy’s status is affected as a result of: 
1. Cancellation 

2. Lapsation 

3. Surrender 

4. Loan against cash values 

5. Conversion to Reduced Paid Up (RPU) or Extended Term Insurance (ETI) 

6. Withdrawal of dividends, if such were elected to reduce premiums oy by

paid-up additions 
7. Full withdrawal of fund values 

8. Partial withdrawal of fund value which results in a fund balance that is

lower than the total premiums paid by client. 
TERMINATION
Quiz:

1. Ana’s old policy lapsed last January 2019, she availed a new policy from Jon on January 2021. Does this fall under
clause VI-C?

2. I offered a raffle for all the person who shall be my client for the next 3 months. Is that a form of inducement?

3. I gave Christmas gifts to my clients. Is this an inducement?

4. I receive a trip to Palawan for 2 from one of my clients. Did I violate my contract?

5. I assure my client that he/she can claim from sun life after approval of his or her policy. Did I violate my contract?