Which descriptor is used for the Disclosure Notice provided at RAC issue?

Which descriptor is used for the Disclosure Notice provided at RAC issue?

• A. generic
• B. modified
• C. specific
• D. precise

Answer: (C)

The Disclosure Notice at RAC issue is meant to reflect exactly what is being offered for this specific contract and this particular client. That means the information, charges, guarantees, investment options, and risk warnings shown are tailored to the exact RAC in question and to the individual’s circumstances. Because the notice needs to convey precise details that the client will rely on when making a decision, the descriptor used is specific. It isn’t a broad, generic message that could apply to many products, nor a notice that has been watered down or altered after the fact. It captures the exact terms and realities of this RAC issue for this client.

The Disclosure Notice at RAC issue is meant to reflect exactly what is being offered for this specific contract and this particular client. That means the information, charges, guarantees, investment options, and risk warnings shown are tailored to the exact RAC in question and to the individual’s circumstances. Because the notice needs to convey precise details that the client will rely on when making a decision, the descriptor used is specific. It isn’t a broad, generic message that could apply to many products, nor a notice that has been watered down or altered after the fact. It captures the exact terms and realities of this RAC issue for this client.