webce insurance exam with 100% correct answers 2024/2025

webce insurance exam1. Which of the following exempted insurance companies from federal antitrust legislation? - correct answer the McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states - correct answer Which statement about the NAIC is correct? - correct answer The NAIC prepares model laws, regulations, and guidelines for adoption by the states. 4. The NAIC issued a model law on long-term care insurance. Which statement about the model law's effectiveness is correct? - correct answer The model law becomes effective in a state if approved by the state legislature. Which statement about life insurance illustrations is correct? - correct answer Illustrations must include the company's name, the date the illustration was prepared, initial death benefit, and the name, age, and gender of the proposed insured. 2. Which of the following provides general information about life insurance policies to potential buyers? - correct answer the Buyer's Guide 3. Which of the following is the Gramm-Leach-Bliley Act primarily aimed at regulating? - correct answer the disclosure of personal financial information to third parties 4. What is the purpose of the Producer Database? - correct answer streamline producer licensing procedures 5. For how long must an organization maintain a record of a person's request to be placed on a do-not-call list? - correct answer 5 years