LIFE PRODUCER GAURANTY EXAM (LATEST)
|| MOST RECENT EXAM 2026|2027ACTUAL
COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
According to the Common Disaster clause, if the insured and
primary beneficiary are killed in the same accident and it
cannot be determined who died first, which of the following will
be assumed?- - ANSWER-The primary beneficiary died before
the insured
An Equity Indexed Annuity will grow based upon- performance
of a recognized index - - ANSWER-An Equity Indexed Annuity
grows based upon a specific recognized index such as the Dow
Jones or the Standard and Poor's 500
If a loan request is for payment of due premiums on the policy,
how soon must
the insurer issue a loan? - ANSWER-
Immediately
What happens to the face amount of a whole life policy if the
insured reaches
,the age of 100? - ANSWER-Face amount paid
to insured
Which of the following statements regarding HIV testing
is NOT true? -
ANSWER-Test results must be sent to the Department
of Insurance
Which of the following is NOT a standard exclusion in life
insurance policies? -
ANSWER-
Disability
Which of the following types of life insurance policies include a
conversion of termination provision? - ANSWER-Whole life
The conversion of termination provision only applies to whole
life policies. This allows the insured to obtain an individual life
insurance policy without needing to provide proof of
insurability, should a group's insurance policy be terminated
Which of the following is NOT a duty of the existing insurer when
replacement is
involved - ANSWER-Provide notice to the policy owner the
right to return the
policy within 30 days of delivery and receive a
full refund.
—The existing insurer must retain all replacement notifications
received by the replacing insurer for at 5 years or until the next
, examination, whichever is later; send a letter to the policy
owner of the right to receive information regarding the values
of the existing policy within 5 business days; and if the policy
owner requests to borrow, surrender or withdraw any policy
values, the insurer must send a notice advising the effect of
policy values
An example of an alien insurer doing business in this state is
one formed under the laws of.. - ANSWER-MEXICO—
An alien insurer is a company chartered outside the United
States. Insurance companies incorporated in territorial
possessions, such as Puerto Rico, are considered foreign.
All of the following statements about mutual insurance
companies are correct
EXCEPT... - ANSWER-Policy dividends issued by mutual
companies are
guaranteed and not
taxable.
-Insurance policy dividends are not guaranteed and
are not taxable.
An insurer decided to terminate a producer. The insurer just
notified the Commissioner of this decision. How long does the
insurer have to mail a copy of the notification to the producer -
ANSWER-15 days
- After notifying the Commissioner, the insurer must mail a
copy of that notification to the producer within 15 days
|| MOST RECENT EXAM 2026|2027ACTUAL
COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
According to the Common Disaster clause, if the insured and
primary beneficiary are killed in the same accident and it
cannot be determined who died first, which of the following will
be assumed?- - ANSWER-The primary beneficiary died before
the insured
An Equity Indexed Annuity will grow based upon- performance
of a recognized index - - ANSWER-An Equity Indexed Annuity
grows based upon a specific recognized index such as the Dow
Jones or the Standard and Poor's 500
If a loan request is for payment of due premiums on the policy,
how soon must
the insurer issue a loan? - ANSWER-
Immediately
What happens to the face amount of a whole life policy if the
insured reaches
,the age of 100? - ANSWER-Face amount paid
to insured
Which of the following statements regarding HIV testing
is NOT true? -
ANSWER-Test results must be sent to the Department
of Insurance
Which of the following is NOT a standard exclusion in life
insurance policies? -
ANSWER-
Disability
Which of the following types of life insurance policies include a
conversion of termination provision? - ANSWER-Whole life
The conversion of termination provision only applies to whole
life policies. This allows the insured to obtain an individual life
insurance policy without needing to provide proof of
insurability, should a group's insurance policy be terminated
Which of the following is NOT a duty of the existing insurer when
replacement is
involved - ANSWER-Provide notice to the policy owner the
right to return the
policy within 30 days of delivery and receive a
full refund.
—The existing insurer must retain all replacement notifications
received by the replacing insurer for at 5 years or until the next
, examination, whichever is later; send a letter to the policy
owner of the right to receive information regarding the values
of the existing policy within 5 business days; and if the policy
owner requests to borrow, surrender or withdraw any policy
values, the insurer must send a notice advising the effect of
policy values
An example of an alien insurer doing business in this state is
one formed under the laws of.. - ANSWER-MEXICO—
An alien insurer is a company chartered outside the United
States. Insurance companies incorporated in territorial
possessions, such as Puerto Rico, are considered foreign.
All of the following statements about mutual insurance
companies are correct
EXCEPT... - ANSWER-Policy dividends issued by mutual
companies are
guaranteed and not
taxable.
-Insurance policy dividends are not guaranteed and
are not taxable.
An insurer decided to terminate a producer. The insurer just
notified the Commissioner of this decision. How long does the
insurer have to mail a copy of the notification to the producer -
ANSWER-15 days
- After notifying the Commissioner, the insurer must mail a
copy of that notification to the producer within 15 days
