WV STATE LIFE INSURANCE FINAL SCRIPT
2026 QUESTIONS AND ANSWERS GRADED
A+
◉a. Answer: A labor union must have at LEAST _ members to be
issued a group life policy
-25
-45
-35
-55
◉a. Answer: How often must an insurance producer's license in
West Virginia be renewed?
-every two years
-every year
-every three years
-every five years
◉d. Answer: Replacement can be defined as
-converting term coverage to an individual whole life policy
-cash surrendering an existing policy
,-accepting a reduced paid-up policy
-exchanging an existing policy for a new policy
◉a. Answer: P the producer reports to the Insurance Commissioner
a final disposition of an administrative action taken against him. This
report must
-include a copy of the order
-include a written apology
-include a $500 fee
-be prepared by an attorney
◉b. Answer: When an employee is terminated, how long does this
employee have to convert group life coverage to an individual plan?
-30 days
-31 days
-60 days
-90 davs
◉d. Answer: _____can be defined as "making an unfair comparison of
two insurance policies".
-Rebating
-Twisting
-Coercion
,-Misrepresentation
◉b. Answer: The West Virginia Life and Health Insurance Guaranty
Association is
-an entity that assists in underwriting large insurance policies
-funded by insurance companies through assessments
-funded by the state government
-administered by the Federal government
◉c. Answer: A life insurance policyowner recently died. The
proceeds from this policy are NOT exempt from a creditor's claims
when they are payable to
-the insured's spouse
-the insured's children
-the insured's estate
-the insured's business associates
◉c. Answer: Which of the following is a requirement to attain a West
Virginia resident producer license?
-Graduate from high school
-U.S. citizen
-Trustworthiness and competence
-Live in this state at least 5 years
, ◉d. Answer: A group life insurance policy insured may assign up
to____of insured's coverage
-25%
-50%
-75%
-100%
◉b. Answer: In West Virginia, an insurer licensed to conduct
business in West Virginia, but domiciled in New Jersey, is called an)
-non-admitted company
-foreign company
-domestic company
-alien company
◉b. Answer: A producer is making a sales presentation for a whole
life insurance policy. Which of the following statements may the
producer guarantee during the presentation?
-"My insurer guarantees dividends"
-"My insurer guarantees cash values"
-"I will guarantee a return of my commissions as an incentive"
-"I will guarantee you will not be declined for this policy"
2026 QUESTIONS AND ANSWERS GRADED
A+
◉a. Answer: A labor union must have at LEAST _ members to be
issued a group life policy
-25
-45
-35
-55
◉a. Answer: How often must an insurance producer's license in
West Virginia be renewed?
-every two years
-every year
-every three years
-every five years
◉d. Answer: Replacement can be defined as
-converting term coverage to an individual whole life policy
-cash surrendering an existing policy
,-accepting a reduced paid-up policy
-exchanging an existing policy for a new policy
◉a. Answer: P the producer reports to the Insurance Commissioner
a final disposition of an administrative action taken against him. This
report must
-include a copy of the order
-include a written apology
-include a $500 fee
-be prepared by an attorney
◉b. Answer: When an employee is terminated, how long does this
employee have to convert group life coverage to an individual plan?
-30 days
-31 days
-60 days
-90 davs
◉d. Answer: _____can be defined as "making an unfair comparison of
two insurance policies".
-Rebating
-Twisting
-Coercion
,-Misrepresentation
◉b. Answer: The West Virginia Life and Health Insurance Guaranty
Association is
-an entity that assists in underwriting large insurance policies
-funded by insurance companies through assessments
-funded by the state government
-administered by the Federal government
◉c. Answer: A life insurance policyowner recently died. The
proceeds from this policy are NOT exempt from a creditor's claims
when they are payable to
-the insured's spouse
-the insured's children
-the insured's estate
-the insured's business associates
◉c. Answer: Which of the following is a requirement to attain a West
Virginia resident producer license?
-Graduate from high school
-U.S. citizen
-Trustworthiness and competence
-Live in this state at least 5 years
, ◉d. Answer: A group life insurance policy insured may assign up
to____of insured's coverage
-25%
-50%
-75%
-100%
◉b. Answer: In West Virginia, an insurer licensed to conduct
business in West Virginia, but domiciled in New Jersey, is called an)
-non-admitted company
-foreign company
-domestic company
-alien company
◉b. Answer: A producer is making a sales presentation for a whole
life insurance policy. Which of the following statements may the
producer guarantee during the presentation?
-"My insurer guarantees dividends"
-"My insurer guarantees cash values"
-"I will guarantee a return of my commissions as an incentive"
-"I will guarantee you will not be declined for this policy"
