Tennessee Life and Health Insurance Exam Study Guide
EXAM 2026-2027 COMPLETE REAL QUESTIONS
AND CORRECT ANSWERS (CORRECT VERIFIED
SOLUTIONS) A NEW UPDATED VERSION
|GUARANTEED PASS
B. Unfair discrimination
Charging different rates ti insureds of the same class or hazard
company is considered which of the following unfair trade
practices?
A. Boycotting
B. Unfair discrimination
C. Rebating
D. Defamation
D. Boycott, coercion and intimidation
If a bank will not grant a loan unless the borrower buys insurance
from a specific company, the bank and insurer are guilty of which of
the following unfair trade practices?
A. Defamation
B. Unfair discrimination
C. Rebating
D. Boycott, coercion and intimidation
,C. Rebating
What unfair and prohibited practice involves the offer of a special
premium or favor as an incentive to purchase insurance?
A. Coercion
B. Unfair discrimination
C. Rebating
D. Boycott, coercion and intimidation
A. Defamation
A producer tells an applicant for insurance that a competitor
insurer is in dire financial straits, and may not be able to honor
its claims obligations. Which unfair trade practice has the
producer committed?
A. Defamation
B. Unfair discrimination
C. Rebating
D. Boycott, coercion and intimidation
D. Misrepresenting material facts or provisions relating to coverage at
issue
It is an unfair claim settlement practice to knowingly:
A. Promptly settle claims
B. Pay claims without conducting a reasonable investigation
C. Provide an accurate explanation for claim details
D. Misrepresenting material facts or provisions relating to coverage at
issue
,C. Illegally replace a life policy
It is an unfair trade practice to:
A. File a material misstatement about a person's financial condition
or business
B. Keep a complete record of all complaints received since an
insurer's last examination date
C. Illegally replace a life policy
D. Filing with the Commissioner the policy and certificate for the sale
of LTC insurance
B. $300,000
The Tennessee Life and Health Guaranty Association will pay up to
how much in death benefits for one life?
A. $200,000
B. $300,000
C. $400,000
D. $500,000
B. Equivalent Level Death Benefit
The average annual guaranteed death benefit over the life of the
policy is the definition of:
A. Cash dividend
B. Equivalent Level Death Benefit
C. Generic Name
D. Life Insurance Net Payment Cost Index
, C. 20
For replacement life policies, the free look period must be at least
________________________________________________________________ days.
A. 7
B. 10
C. 20
D. 30
D. 60
Death benefits must be paid within _____ days after the insurer
receives the proof of death.
A. 30
B. 31
C. 45
D. 60
A. 2
The insurer is not liable of the insured, whether sane or insane,
commits suicide within the first _____ years the policy is in force.
A. 2
B. 3
C. 4
D. 5
EXAM 2026-2027 COMPLETE REAL QUESTIONS
AND CORRECT ANSWERS (CORRECT VERIFIED
SOLUTIONS) A NEW UPDATED VERSION
|GUARANTEED PASS
B. Unfair discrimination
Charging different rates ti insureds of the same class or hazard
company is considered which of the following unfair trade
practices?
A. Boycotting
B. Unfair discrimination
C. Rebating
D. Defamation
D. Boycott, coercion and intimidation
If a bank will not grant a loan unless the borrower buys insurance
from a specific company, the bank and insurer are guilty of which of
the following unfair trade practices?
A. Defamation
B. Unfair discrimination
C. Rebating
D. Boycott, coercion and intimidation
,C. Rebating
What unfair and prohibited practice involves the offer of a special
premium or favor as an incentive to purchase insurance?
A. Coercion
B. Unfair discrimination
C. Rebating
D. Boycott, coercion and intimidation
A. Defamation
A producer tells an applicant for insurance that a competitor
insurer is in dire financial straits, and may not be able to honor
its claims obligations. Which unfair trade practice has the
producer committed?
A. Defamation
B. Unfair discrimination
C. Rebating
D. Boycott, coercion and intimidation
D. Misrepresenting material facts or provisions relating to coverage at
issue
It is an unfair claim settlement practice to knowingly:
A. Promptly settle claims
B. Pay claims without conducting a reasonable investigation
C. Provide an accurate explanation for claim details
D. Misrepresenting material facts or provisions relating to coverage at
issue
,C. Illegally replace a life policy
It is an unfair trade practice to:
A. File a material misstatement about a person's financial condition
or business
B. Keep a complete record of all complaints received since an
insurer's last examination date
C. Illegally replace a life policy
D. Filing with the Commissioner the policy and certificate for the sale
of LTC insurance
B. $300,000
The Tennessee Life and Health Guaranty Association will pay up to
how much in death benefits for one life?
A. $200,000
B. $300,000
C. $400,000
D. $500,000
B. Equivalent Level Death Benefit
The average annual guaranteed death benefit over the life of the
policy is the definition of:
A. Cash dividend
B. Equivalent Level Death Benefit
C. Generic Name
D. Life Insurance Net Payment Cost Index
, C. 20
For replacement life policies, the free look period must be at least
________________________________________________________________ days.
A. 7
B. 10
C. 20
D. 30
D. 60
Death benefits must be paid within _____ days after the insurer
receives the proof of death.
A. 30
B. 31
C. 45
D. 60
A. 2
The insurer is not liable of the insured, whether sane or insane,
commits suicide within the first _____ years the policy is in force.
A. 2
B. 3
C. 4
D. 5
