New Mexico Life, Accident, Health or Sickness Insurance Producer Exam Mock Test (Latest 2025/2026 Update) Questions with Verified Answers | 100% Correct| Graded A.

New Mexico Life, Accident, Health or Sickness
Insurance Producer Exam Mock Test (Latest
2025/2026 Update) Questions with Verified
Answers | 100% Correct| Graded A.


Question:
A (an) ___________ insurer assumes risk from another insurance company.?
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Answer:
Reinsurance




Question:

When group insurance under COBRA have expired, a fully insured group
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policy can be converted to a (an)?
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Answer:

Individual health policy
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Question:

The authority to change the beneficiary in an individual annuity lies with
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the?
Answer:

,Owner




Question:

How are monthly life annuity benefit payments treated under a tax
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sheltered annuity (TSA)?? i,- i,-




Answer:

Taxed as an ordinary income in the year recieved
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Question:
Which individual would be best suited for Medicare Supplement
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Insurance??

Answer:

Medicare enrollee i,-




Question:
Which of the following is NOT an example as risk retention??
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Answer:

Not doing a business deal after deciding it would be too risky.
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,Question:
Tim is in need of surgery. Before being hospitalized, he is referred to an
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outpatient clinic for diagnostic tests. What is this an example of??
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Answer:

Pre-admission testing i,-




Question:

Does the Superintendent have the ability to examine the records of
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authorized insurers?? i,-




Answer:

Yes, because of the powers granted through state statues
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Question:

Which statement about group life insurance is INCORRECT??
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Answer:

Each participant requires evidence of insurability
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Question:
Medicare Part A does NOT provide coverage for?
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Answer:

, The first three pints of blood
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Question:

Darrell has a group long-term disability income policy paid by his
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employer. Which of these statements is true??
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Answer:

The specified benefit amount is a percentage of his wages.
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Question:
Twisting means? i,-




Answer:

Pursuading an insured, to the insured's detriment, to switch policies.
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Question:
What is the maxium number of employees (earning at least 5,000) that an
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employer can have in order to start a SIMPLE retirement plan??
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Answer:

100