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Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
1. A conditional receipt must be given to an applicant for life insurance who pays the initial premium at the time of signing:
A) The policy delivery receipt
B) The statement of good health
C) The premium payment bank draft authorization
D) The policy application form
2. A company's universal life insurance policy must disclose the:
A) Surrender charges of the policy
B) Availability of riders
C) Maximum face amount an individual can purchase
D) Meaning of a corridor
3. Which one of the following is a life insurance policy provision that keeps the policy in force for a time if the premium is not paid?
A) Assignment provision
B) Grace period provision
C) Incontestability clause
D) Conversion option clause
4. Which type of Medicare Supplement information can be used without prior state approval?
A) Radio announcements approved by the insurer
B) Television advertisements approved by the insurer
C) Government publications
D) Insurance company brochures
5. An insurer may refuse to underwrite a particular insurance applicant for a reason based wholly on:
A) Race
B) Medical condition
C) Creed
D) Gender
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B |
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