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For Internal Use Only

Outside Business Activities (OBAs) Canada. For Internal Use Only. Slide Show Tip:

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For Internal Use Only

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  1. Outside Business Activities (OBAs) Canada For Internal Use Only

  2. Slide Show Tip: This Slide Show comes with Speaker Notes! Please save the file to your computer to ensure that you will be able to see them. To print the notes, simply click File > Print > then under “Print What” select “Notes Pages.”

  3. What is an Outside Business Activity? • Any business activity outside of Primerica • Compensated or non compensated • OBAs must be promptly reported to Primerica For Internal Use Only

  4. Outside Business Activities • Make compliance a top priority • Primerica has analyzed the regulations for OBAs and Conflicts of Interest For Internal Use Only

  5. Conflicts of Interest • Conflict arises when an activity sets the interests of the Representative and the client at odds. • There are serious consequences for violation of rules. • Even the appearance of conflict can cause damage. For Internal Use Only

  6. Owning rental properties Volunteer activity of any kind (e.g. involvement in baseball, soccer, hockey little league, yoga class instructor, scouts leader, etc.) Non-remunerated/unpaid activity for not-for-profit entity (including charities, Churches), such as acting as Treasurer, Administrator, Fundraiser, etc. Involvement in Holding Companies Company incorporated for the purposes of facilitating your Primerica business Examples of Reportable OBAs For Internal Use Only

  7. Any kind of outside employment or commercial activity Includes self employed in any field Family owned business Office Manager in a Primerica office LLQP instructor Examples of Reportable OBAs For Internal Use Only

  8. Any change to an existing employment must be reported Change of location Change in hours worked Change of duties or job description Etc. Reportable OBAs

  9. Member or Usher of Church Passive investor Rental income activity limited to leasing an office space in your name and collecting rent from other RVPs/BMs who are clustering with you OBAs which are Not Reportable For Internal Use Only

  10. How to Report an OBA • For Canadian Mutual Fund Licensed Reps • Notice of Change – Material Circumstances (Form PFSL-35) • Found on POL > Compliance > Forms > PFSL For Internal Use Only

  11. Supervising Downlines with OBAs • Primerica’s business model allows Representatives to have other employment • Unauthorized activities are potential for compliance violations For Internal Use Only

  12. RVPs & Branch Managers • Proper & Timely reporting of OBAs • Scrutinize and monitor OBAs • People with OBAs must stay plugged-in • Watch for income level drops For Internal Use Only

  13. Consequences for non-disclosure • Disciplinary measures from Primerica • Disciplinary measures from regulators, which can include fines and suspension/revocation of license • Civil Damages For Internal Use Only

  14. Conflict of Interest Guidelines Representatives below RVP may engage in multi-level marketing activities that do not represent a conflict of interest with any Primerica company, so long as they comply with certain guidelines. For Internal Use Only

  15. You Must Not Recruit or involve Primerica Sales Force Members for activities outside Primerica Solicit Primerica clients for other activities or do or say anything which could cause confusion with consumers Detract from Primerica’s goodwill and reputation Market financial products or services which are not approved by Primerica Fail to meet your written conflict of interest disclosure obligations Conflict of Interest Guidelines For Internal Use Only

  16. Questions or Need Help 1-888-473-7787 Canada_compliance@primerica.com For Internal Use Only

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