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IIQEPrepStudyingPaper 1
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MPF intermediaries
MPFMPF Intermediaries ExaminationWhich two of the following statements about the insurance provision in the anti-discrimination Ordinances are correct? (i) The SDO, DDO and FSDO contain an identical insurance provision (ii) The RDO contains the same insurance provision (iii) The treatment must rely on actuarial or other reliable data (iv) Any treatment is lawful if the insurer's profits require it
Answer: (i) and (iii).(i) True. An identical provision is in each of the first three Ordinances.(ii) False. The identical provision is in the SDO, DDO and FSDO, not the RDO.(iii) True. Part of the test, together with reasonableness.(iv) False. Profit is not the test.Watch out: Extending the insurance provision to the RDO.Rule: Test: reliable actuarial or other data, and reasonable having regard to the data and other relevant factors.Source: IA P1 Study Notes 2024 Ed. §7.3.2, p.7/14
Extending the insurance provision to the RDO.
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