Browse FP 2

Chapter 11: Insurance Contracts

In this section

  • Legal Aspects of the Insurance Contract
    Discover the essential elements of a valid insurance contract in Canada, including unique principles such as utmost good faith and insurable interest. Learn how provincial legislation, the Civil Code of Quebec, and federal oversight shape insurance law and practice.
  • Policy Provisions, Riders, and Dividend Options
    An in-depth exploration of key life insurance contract provisions, including riders, dividend strategies, and non-forfeiture options, tailored to the Canadian market.

Ready to Pass Your Exam?

300,000+ practice questions • 25,000+ vignette scenarios • Multi-difficulty from quick drills to exhibit-heavy cases.

  • Start free: every exam/module includes 300 free questions. LLQP = 5 modules + 1 comprehensive set → 1,800 free questions.
  • Realistic practice: timed mocks, exhibits, case-style vignettes, and crystal-clear explanations—no 900-page textbooks required.
  • Device-friendly: best on tablet; smooth on desktop and mobile.
CSI / CIRO: CSC (1 & 2), CPH
Wealth: WME (1 & 2)
Mutual Funds: IFC
Portfolio: IMT (1 & 2), PMT, AIS
Derivatives & Options: DFOL
Governance: PDO
LLQP: LIF, A&S, SFA, EPP (CL/Québec) + Comprehensive
FINRA: SIE, 6, 7, 22, 57, 79, 82, 99
NASAA: 63, 65, 66
CFA: L1–L3 (heavy vignettes)
CPA Canada: CFE (D1–D3)
U.S. CPA: AUD modes
PMI: PMP
IT & Cyber: CompTIA A+/Security+, CISSP
Cloud: AWS SAA-C03

Try it free for 7 days. Many students finish during the trial.

Disclaimer: Mastery Education by Tokenizer is an independent study resource and is not affiliated with, sponsored by, or endorsed by CSI/CIRO, LLQP regulators (incl. AMF), FINRA/NASAA, CPA Canada, AICPA/NASBA, CFA Institute, PMI, CompTIA, (ISC)², or AWS. All trademarks belong to their respective owners.