{"id":264391,"date":"2025-07-21T12:46:46","date_gmt":"2025-07-21T12:46:46","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=264391"},"modified":"2025-07-21T12:46:48","modified_gmt":"2025-07-21T12:46:48","slug":"janet-reagan-is-preparing-for-a-meeting-with-a-business-owner-who-would-like-to-implement-a-group-rrsp-for-her-employees","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/07\/21\/janet-reagan-is-preparing-for-a-meeting-with-a-business-owner-who-would-like-to-implement-a-group-rrsp-for-her-employees\/","title":{"rendered":"Janet Reagan is preparing for a meeting with a business owner who would like to implement a group RRSP for her employees."},"content":{"rendered":"\n

Janet Reagan is preparing for a meeting with a business owner who would like to implement a group RRSP for her employees. As the agent for this group plan, which of the following points are considered the agent’s role?I. Be the point of contact and source of group information for the insurer while the quote is being developedII. Counsel the plan sponsor to deal directly with the insurer to address any questions they may have Ill. Interview, select, and hire a plan administrator for the plan sponsorIV. Conduct annual reviews with the plan sponsorV. Process requests from plan members for transfers, surrenders and death claimsSelect one:O a. 1, III, IV and V only b. land IV only c. 1, Ill, and IV only d. 11, Ill, and V only<\/p>\n\n\n\n

The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n

The correct answer is a. I, III, IV and V only<\/strong>.<\/p>\n\n\n\n

Here’s why:<\/p>\n\n\n\n

    \n
  1. I. Be the point of contact and source of group information for the insurer while the quote is being developed<\/strong> \u2013 As an agent for the group RRSP, Janet Reagan’s role includes communicating with the insurer and acting as the primary contact for the development of the quote. This is a standard part of the agent’s responsibilities to ensure that all necessary information is passed on and that the process runs smoothly.<\/li>\n\n\n\n
  2. II. Counsel the plan sponsor to deal directly with the insurer to address any questions they may have<\/strong> \u2013 While the agent typically communicates with the insurer, it\u2019s not part of the agent’s role to direct the plan sponsor to deal directly with the insurer for queries. Instead, the agent usually acts as the intermediary and helps answer questions or escalate issues when needed.<\/li>\n\n\n\n
  3. III. Interview, select, and hire a plan administrator for the plan sponsor<\/strong> \u2013 The agent may assist the plan sponsor in choosing an administrator, but the actual hiring of the plan administrator is generally the plan sponsor\u2019s responsibility. Therefore, this would not typically fall under the agent’s role.<\/li>\n\n\n\n
  4. IV. Conduct annual reviews with the plan sponsor<\/strong> \u2013 Agents are generally expected to conduct periodic reviews with the plan sponsor to assess the plan\u2019s effectiveness, address any concerns, and ensure everything is running as expected. This is a key part of the agent’s role.<\/li>\n\n\n\n
  5. V. Process requests from plan members for transfers, surrenders, and death claims<\/strong> \u2013 Processing requests such as transfers, surrenders, and death claims is typically a responsibility of the agent as they assist with managing the plan and its participants\u2019 needs.<\/li>\n<\/ol>\n\n\n\n

    So, the correct points related to the agent’s role are I, III, IV, and V, making option a<\/strong> the correct answer.<\/p>\n\n\n\n

    \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

    Janet Reagan is preparing for a meeting with a business owner who would like to implement a group RRSP for her employees. As the agent for this group plan, which of the following points are considered the agent’s role?I. Be the point of contact and source of group information for the insurer while the quote […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-264391","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/264391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=264391"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/264391\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=264391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=264391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=264391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}