WEBCE ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
●● 2. Which of the following has primary responsibility for regulating
the insurance industry?
a. the states
Answer:
●● Which statement about the NAIC is correct?
Answer: The NAIC prepares model laws, regulations, and guidelines for
adoption by the states.
●● 4. The NAIC issued a model law on long-term care insurance. Which
statement about the model law's effectiveness is correct?
Answer: The model law becomes effective in a state if approved by the
state legislature.
●● Which statement about life insurance illustrations is correct?
Answer: Illustrations must include the company's name, the date the
illustration was prepared, initial death benefit, and the name, age, and
gender of the proposed insured.
, ●● 2. Which of the following provides general information about life
insurance policies to potential buyers?
Answer: the Buyer's Guide
●● 3. Which of the following is the Gramm-Leach-Bliley Act primarily
aimed at regulating?
Answer: the disclosure of personal financial information to third parties
●● 4. What is the purpose of the Producer Database?
Answer: streamline producer licensing procedures
●● 5. For how long must an organization maintain a record of a person's
request to be placed on a do-not-call list?
Answer: 5 years
●● 1. Which of the following must be considered in making a suitable
fixed annuity recommendation to a customer?
Answer: a. the customer's financial status
b. the customer's tax status
c. the customer's investment objectives
d. all of the above
●● Which of the following is not a prohibited practice?
QUESTIONS WITH SOLUTIONS GRADED A+
●● 2. Which of the following has primary responsibility for regulating
the insurance industry?
a. the states
Answer:
●● Which statement about the NAIC is correct?
Answer: The NAIC prepares model laws, regulations, and guidelines for
adoption by the states.
●● 4. The NAIC issued a model law on long-term care insurance. Which
statement about the model law's effectiveness is correct?
Answer: The model law becomes effective in a state if approved by the
state legislature.
●● Which statement about life insurance illustrations is correct?
Answer: Illustrations must include the company's name, the date the
illustration was prepared, initial death benefit, and the name, age, and
gender of the proposed insured.
, ●● 2. Which of the following provides general information about life
insurance policies to potential buyers?
Answer: the Buyer's Guide
●● 3. Which of the following is the Gramm-Leach-Bliley Act primarily
aimed at regulating?
Answer: the disclosure of personal financial information to third parties
●● 4. What is the purpose of the Producer Database?
Answer: streamline producer licensing procedures
●● 5. For how long must an organization maintain a record of a person's
request to be placed on a do-not-call list?
Answer: 5 years
●● 1. Which of the following must be considered in making a suitable
fixed annuity recommendation to a customer?
Answer: a. the customer's financial status
b. the customer's tax status
c. the customer's investment objectives
d. all of the above
●● Which of the following is not a prohibited practice?
