IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 49 Topic 5 Discussion

IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 49 Topic 5 Discussion

LLQP Exam Topic 5 Question 49 Discussion:
Question #: 49
Topic #: 5

Gino, an insurance of persons representative, is cleaning his office and going through old files. He comes across a file from a former client, Nathan, who owned a 20-year term insurance policy that was cancelled 3 years ago. Nathan now has a different representative and Gino no longer has any contact with him. Gino would like to know if he can destroy Nathan's file.

Which of the following options is CORRECT?


A.

Yes, because Nathan transferred his affairs to another representative.


B.

Yes, because Nathan cancelled his policy 3 years ago.


C.

No, because he must wait until the file has been closed for at least 5 years.


D.

No, because he must wait until the file has been closed for at least 7 years.


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