Tennessee Life and Health Insurance Exam Study Guide FINAL EXAM COMPLETE REAL QUESTIONS AND CORRECT ANSWERS (CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION |GUARANTEED PASS

Tennessee Life and Health Insurance Exam Study Guide FINAL EXAM
2026-2027 COMPLETE REAL QUESTIONS AND CORRECT
ANSWERS (CORRECT VERIFIED SOLUTIONS) A NEW UPDATED
VERSION |GUARANTEED PASS




An individual's license can be suspended or revoked if they do
business with unlicensed individuals and -


ANSWERS: Companies that are not authorized to transact the
business of insurance in Tennessee


How many days does the Commissioner have to notify an individual
that their application for a license is being denied?


ANSWERS: 30 days

,All of the following are duties of the Commissioner EXCEPT:
** The Commissioner may put a person in jail for violating insurance
regulations
**The Commissioner may conduct investigations
**The Commissioner may be empowered to subpoena witnesses and
examine them under oath
**The Commissioner may choose to place a person on probation,
suspend, revoke or refuse to issue or renew an individual's license


**The Commissioner may put a person in jail for violating insurance
regulations


ANSWERS: The Commissioner may do all of the above except put a
person in jail.

Any action by the Commissioner to put on probation, suspend,
revoke or deny the renewal of a license is governed by the _________


ANSWERS: Uniform Administrative Procedures Act


Who has the authority to enforce the insurance laws of Tennessee
and impose any penalty or remedy authorized against any person
who is under investigation for or charged with a violation of
insurance laws or
regulations?


ANSWERS: The Commissioner

,____________ is a person required to be licensed under the laws of this
state to sell, solicit or negotiate insurance.


ANSWERS: A Producer


_____________means a person, who sells, solicits or negotiates one or
more forms of limited line credit insurance coverage to
individuals through a master, corporate, group or individual
policy.


ANSWERS: Limited Lines Producerr

Kevin sold insurance for an insurance company not authorized to
do business in Tennessee. Who is liable for any premiums paid for,
or valid claims made on, all contracts of unlawfully sold
insurance?


ANSWERS: Kevin will be personally liable

Which of the following answers best describes the compensation an
unlicensed individual may receive from an insurer or insurance
producer for conducting insurance business for which a license is
required?


ANSWERS: The unlicensed individual may not receive any
compensation for conducting the business of insurance if they are
required to be licensed for that business

, What is the term used to describe the commissions that may be paid to
an
unlicensed individual who was licensed at the time of the sale,
solicitation or negotiation of insurance for which they are being
paid?

ANSWERS:
Renewal or deferred commissions

Mary is an unlicensed individual. Joe is a licensed insurance
producer. All of the following are true regarding referrals Mary
makes to Joe EXCEPT:


**Mary will only be paid for her referral if the customer purchases
an insurance product from Joe
**Mary may make a referral to Joe; provided that Mary does not
discuss the specific insurance policy terms and conditions
**If Mary is not employed by Joe, her compensation must be a fixed
dollar amount not to exceed $25 per referral
**If Mary is employed by Joe, her compensation must be a fixed
nominal dollar amount


ANSWERS: **Mary will only be paid for her referral if the customer
purchases an insurance product from Joe


Whether Mary works for Joe or not, the referral compensation
shall not depend on whether the customer she refers purchases
an insurance
product from Joe.