A firm of insurance brokers invite Stuart.

CII IF1 Question Answer

A firm of insurance brokers invite Stuart. an underwriter who handles its account, on a Caribbean cruise with his family. How should Stuart react to this invitation in order to comply with the Chartered Insurance Institute's Code of Ethics?

Accept only on the basis that the cost is less than £1.000.

Accept on the basis that this is an accepted business practice.

Decline to avoid any suggestion he is being compromised.

Decline as this is against the Financial Ombudsman Service regulations.

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A firm of insurance brokers invite Stuart.

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