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  • Q & A: 265 Questions and Answers
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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionObjectives
Accident and Health Insurance- Disability income and medical expense coverage
- Health insurance plans and structures
Federal Regulations and Taxation- Federal insurance-related regulations
- Tax treatment of insurance products
Ethics and Professional Conduct- Ethical responsibilities of insurance producers
- Consumer protection standards
Policy Provisions and Options- Beneficiaries and policy ownership
- Standard policy provisions
Life Insurance- Types of life insurance policies
  • 1. Whole life insurance
    • 2. Universal life insurance
      • 3. Term life insurance
        - Life policy provisions and riders
        Annuities- Accumulation and payout options
        - Annuity types and features
        State Insurance Regulations- Producer licensing requirements
        - Unfair trade practices and compliance
        Insurance Fundamentals- Basic insurance principles
        - Insurable interest and risk management concepts

        Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

        Question #1

        If an individual's occupation is considered to be illegal:

        • A. It results in a substandard rating on an accident and health insurance policy
        • B. It may require a waiver on a disability income insurance policy
        • C. It must be stated as such on an accident and health insurance application
        • D. It may result in a denial of a disability income claim
        Reveal Solution  Discussion  0

        Correct Answer: D  🗳️

        Explanation: Only visible for Prep4SureReview members. You can sign-up / login (it's free).

        Question #2

        Which concept states that the insured is entitled to the coverage under a policy that a sensible and prudent buyer would expect it to provide?

        • A. Reasonable expectations
        • B. Comity
        • C. Subrogation
        • D. Indemnity
        Reveal Solution  Discussion  0

        Correct Answer: A  🗳️

        Explanation: Only visible for Prep4SureReview members. You can sign-up / login (it's free).

        Question #3

        An insurance producer provided several examples to the applicant, persuasively demonstrating that the insurance coverage offered under the producer's company policy was superior to a competitor's product. The insurance producer knew he was misrepresenting or stretching the truth in order to induce the applicant to forfeit her current policy and purchase a similar but inferior insurance policy from him. The insurance producer is involved in which one of the following unfair trade practices?

        • A. Twisting
        • B. Fraud
        • C. Discrimination
        • D. Rebating
        Reveal Solution  Discussion  0

        Correct Answer: A  🗳️

        Explanation: Only visible for Prep4SureReview members. You can sign-up / login (it's free).

        Question #4

        Based on the law of large numbers, which one of the following is true if the number of similar insured units increases?

        • A. Predictability of losses is impaired
        • B. Losses of specific individuals can be predicted
        • C. The number of losses decreases
        • D. Predictability of losses improves
        Reveal Solution  Discussion  0

        Correct Answer: D  🗳️

        Explanation: Only visible for Prep4SureReview members. You can sign-up / login (it's free).

        Question #5

        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. Gift
        • B. Loan
        • C. Rebate
        • D. Cost of doing business
        Reveal Solution  Discussion  0

        Correct Answer: C  🗳️

        Explanation: Only visible for Prep4SureReview members. You can sign-up / login (it's free).

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