Loading…
CMFASPrepStudyingRES5
Switch exam
Financial advisory
RES5Financial Advisory Services✓A client wants an intermediary who will shop the whole market and act primarily in the client's interest. The most appropriate is a(n):
A broker (or independent financial adviser) acts for the client and can source cover across the market. A tied agent represents one insurer (A), a managing agent runs a Lloyd's syndicate (C), and a reinsurance underwriter accepts risk rather than advising clients (D).
Whole-of-market, client-side representation points to a broker/IFA, not a tied agent.
Practise more BCP The Insurance & Reinsurance Market questions
Exam-style questions with worked answers, then full timed mocks. Free to start.
Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.
Start practising →Original study material mapped to the public CMFAS BCP syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.