PEARSON VUE STUDY GUIDE SET ANSWERS AND
QUESTIONS SET A+
✔✔form of ownership each company is permitted - ✔✔The major difference between a
mutual insurance company and a stock insurance company is the:
✔✔has forged another person's name on an insurance application - ✔✔The Insurance
Commissioner may revoke or suspend a producer's license if the producer:
✔✔Both the applicant for insurance and the insurance producer must sign a statement
stating whether existing insurance is to be replaced - ✔✔Which of the following
statements about replacement of existing life insurance is CORRECT?
✔✔is a deceased licensed producer's next of kin - ✔✔An individual may obtain a
temporary insurance producer's license without passing the licensing examination if the
individual:
✔✔At any time the Insurance Commissioner sees fit - ✔✔The Insurance Commissioner
may examine the records of an insurance company at which of the following times?
✔✔an insurance producer - ✔✔An individual appointed by an insurance company to
solicit applications for a policy of insurance on its behalf is known as:
✔✔a producer - ✔✔An individual who, for the purpose of collecting premiums, acts for
another in negotiating a contract of insurance is considered to be:
✔✔a foreign company - ✔✔An insurance company formed under the laws of a state
other than this state is known as:
✔✔an acceleration of life insurance benefit - ✔✔In a life policy, a special benefit that
prepays a portion of the death benefit during the lifetime of an insured in the event of a
specified illness is called:
, ✔✔a certificate of authority - ✔✔An insurance company doing business in this state
must operate under:
✔✔It may be provided through a group or individual policy - ✔✔Which of the following
statements about Credit Life insurance is CORRECT?
✔✔Defamation - ✔✔An insurance producer who makes false statements that harm the
reputation of another insurance company is guilty of:
✔✔Their licenses will be terminated - ✔✔Which of the following statements is
CORRECT about insurance producers who fail to satisfy the continuing education
requirements?
✔✔names and addresses of each beneficiary - ✔✔All of the following elements must be
included in a policy summary given to a purchaser of life insurance EXCEPT the:
✔✔hold a like license in another state - ✔✔In order for nonresident applicants to be
eligible for an insurance producer license in this state, they MUST:
✔✔Accidental Death - ✔✔A Variable Life contract must contain all of the following
provisions EXCEPT:
✔✔Suicide - ✔✔All of the following provisions must be included in group life insurance
policies issued in this state EXCEPT:
✔✔Group Life - ✔✔Which of the following types of insurance policies is EXEMPT from
the Life Insurance and Annuity Replacement Rule?
✔✔Universal Life Plan - ✔✔Which of the following terms may be used in
advertisements for life insurance?
✔✔volunteer religious groups - ✔✔All of the following groups are considered eligible for
group life insurance EXCEPT:
✔✔ The proposed adult insured - ✔✔A life insurance application is incomplete if it is
missing the signature of which of the following?
✔✔Group - ✔✔A employer can deduct premium payments as an ordinary business
expense for which of the following life coverages?
✔✔Fair Credit Reporting Act - ✔✔An applicant for life insurance may question the
validity and source of any consumer information developed under the:
QUESTIONS SET A+
✔✔form of ownership each company is permitted - ✔✔The major difference between a
mutual insurance company and a stock insurance company is the:
✔✔has forged another person's name on an insurance application - ✔✔The Insurance
Commissioner may revoke or suspend a producer's license if the producer:
✔✔Both the applicant for insurance and the insurance producer must sign a statement
stating whether existing insurance is to be replaced - ✔✔Which of the following
statements about replacement of existing life insurance is CORRECT?
✔✔is a deceased licensed producer's next of kin - ✔✔An individual may obtain a
temporary insurance producer's license without passing the licensing examination if the
individual:
✔✔At any time the Insurance Commissioner sees fit - ✔✔The Insurance Commissioner
may examine the records of an insurance company at which of the following times?
✔✔an insurance producer - ✔✔An individual appointed by an insurance company to
solicit applications for a policy of insurance on its behalf is known as:
✔✔a producer - ✔✔An individual who, for the purpose of collecting premiums, acts for
another in negotiating a contract of insurance is considered to be:
✔✔a foreign company - ✔✔An insurance company formed under the laws of a state
other than this state is known as:
✔✔an acceleration of life insurance benefit - ✔✔In a life policy, a special benefit that
prepays a portion of the death benefit during the lifetime of an insured in the event of a
specified illness is called:
, ✔✔a certificate of authority - ✔✔An insurance company doing business in this state
must operate under:
✔✔It may be provided through a group or individual policy - ✔✔Which of the following
statements about Credit Life insurance is CORRECT?
✔✔Defamation - ✔✔An insurance producer who makes false statements that harm the
reputation of another insurance company is guilty of:
✔✔Their licenses will be terminated - ✔✔Which of the following statements is
CORRECT about insurance producers who fail to satisfy the continuing education
requirements?
✔✔names and addresses of each beneficiary - ✔✔All of the following elements must be
included in a policy summary given to a purchaser of life insurance EXCEPT the:
✔✔hold a like license in another state - ✔✔In order for nonresident applicants to be
eligible for an insurance producer license in this state, they MUST:
✔✔Accidental Death - ✔✔A Variable Life contract must contain all of the following
provisions EXCEPT:
✔✔Suicide - ✔✔All of the following provisions must be included in group life insurance
policies issued in this state EXCEPT:
✔✔Group Life - ✔✔Which of the following types of insurance policies is EXEMPT from
the Life Insurance and Annuity Replacement Rule?
✔✔Universal Life Plan - ✔✔Which of the following terms may be used in
advertisements for life insurance?
✔✔volunteer religious groups - ✔✔All of the following groups are considered eligible for
group life insurance EXCEPT:
✔✔ The proposed adult insured - ✔✔A life insurance application is incomplete if it is
missing the signature of which of the following?
✔✔Group - ✔✔A employer can deduct premium payments as an ordinary business
expense for which of the following life coverages?
✔✔Fair Credit Reporting Act - ✔✔An applicant for life insurance may question the
validity and source of any consumer information developed under the:
