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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Accident and Health Insurance | - Policy provisions
|
| Topic 2: State Law and Regulations | - Insurance producer regulations
|
| Topic 3: General Insurance Concepts | - Insurance principles and risk management
|
| Topic 4: Life Insurance | - Life insurance policies
|
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
A life insurance policy beneficiary ' s life expectancy has a direct bearing upon:
- A. The total amount payable under the policy as a result of the insured ' s death
- B. The policy value that will be includable in the insured ' s estate
- C. The taxable portion of each benefit payment under a life income settlement option
- D. The premium rate for each $1,000 of face amount
Correct Answer: C 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
(If all beneficiaries die before the insured dies, the proceeds of a life insurance policy will be paid to:)
- A. The insured's creditors
- B. The insured's estate
- C. A beneficiary named by the court
- D. The beneficiary's estate
Correct Answer: B 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
The provision in a life insurance policy that allows the policyowner to cancel the policy within a limited period of time after delivery of the policy and receive a full premium refund is the:
- A. Free look period
- B. Discovery period
- C. Probationary period
- D. Grace period
Correct Answer: A 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
In order to qualify for a company convention, an insurance producer agrees to pay the first quarterly premium for the applicant for new insurance. This is called a:
- A. Cost of doing business
- B. Gift
- C. Rebate
- D. Loan
Correct Answer: C 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
Which employers can offer 403(b) tax-sheltered annuities (TSAs)?
- A. School districts and certain non-profit organizations
- B. States, municipalities, and rural electric cooperatives
- C. Subchapter S corporations, partnerships, and sole proprietorships
- D. Regular business corporations and professional corporations
Correct Answer: A 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
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