QUESTIONS WITH CORRECT ANSWERS
2025
WhenUisUaUrepresentationUfalse?U-UCORRECTUANSWERU-
whenUtheUfactsUfailUtoUcorrespondUwithUitsUassertionsUorUstipulations
WhichUofUtheUfollowingUisUTRUEUregardingUtheUuseUofUfictitiousUnamesUforUbusiness?U-
UCORRECTUANSWERU-
TheUactualUandUfictitiousUbusinessUnamesUmustUbeUregisteredUwithUtheUcommissioner
WhichUisUanUACCURATEUstatementUregardingUdependentUcoverageUunderUaUgroupUinsuranceUpolicy?U-
UCORRECTUANSWERU-
TheUcoverageUmustUnotUexceedUmoreUthanU100UpercentUofUtheUcoverageUforUtheUinsuredUemployee
AccordingUtoUCICUSectionU1711,UanUorganizationUceasesUtoUexistUasUanUentityUeligibleUtoUholdUaUlicenseUEX
CEPTU-UCORRECTUANSWERU-uponUtheUterminationUofUallUcontracts
AsUlongUasUemploymentUcontinues,UwhichUisUtheUONLYUreasonUtheUvalidityUofUaUgroupUlifeUinsuranceUpolic
yUcanUbeUcontested?U-UCORRECTUANSWERU-Non-
paymentUofUpremiumsUafterUtheUpolicyUhasUbeeUinUforceUforUtwoUyears.
AllUofUtheUfollowingUareUTRUEUaboutUtheUrulesUregardingUtheUsaleUofUlifeUinsuranceUandUannuitiesUtoUsenio
rsUageU65UorUolderUEXCEPTU-UCORRECTUANSWERU-
TheUagent,Ubroker,UorUinsurerUisUrequiredUtoUshowUaUcopyUofUtheirUinsuranceUlicenseUwithUname,Uaddress,
UandUphoneUnumberUwhenUconductingUbusinessUinUtheUseniorUhome
WhatUisUaUsolicitorUemployedUtoUdoUforUaUpolicyUotherUthanUlife?U-UCORRECTUANSWERU-
ToUaidUaUpropertyUandUcasualtyUagentUorUbrokerUinUtransactingUinsurance
AllUofUtheUfollowingUareUexamplesUofUrepresentationUexceptU-UCORRECTUANSWERU-
ItUmayUbeUalteredUafterUtheUinsuranceUisUeffected
, ExceptUasUprovidedUbyUsectionsU10203.5UandU10203.8UinUtheUCIC,UtheUinsurerUshallUprovideUwhichUdocum
entUtoUbeUdeliveredUbyUtheUemployerUtoUtheUemployee?U-UCORRECTUANSWERU-
AnUindividualUcertificationUofUinsurance
WhatUisUtheUpurposeUofUcreatingUminimumUunderwritingUstandardsUforUthoseUtestingUpositiveUforUAcquire
dUImmuneUDeficiencyUSyndrome,UHumanUImmunodeficiencyUVirusUorUAidsURelatedUComplex?U-
UCORRECTUANSWERU-
ToUavoidUdiscriminationUbetweenUindividualsUinUtheUsameUratingUclassUwhoUhaveUbeenUdiagnosedUwithUth
eUconditionsUofUAIDS,UARCUorUHIV
WhichUofUtheUfollowingUisUTRUEUregardingUcontinuingUeductionUrequirementsUofUanUagentUorUbroker?U-
UCORRECTUANSWERU-
AnyUlicenseeUshallUsatisfactorilyUcompleteU24UhoursUofUinstructionUpriorUtoUlicenseUrenewal.
WhichUofUtheUfollowingUprovisionsUofUfreeUinsuranceUofferedUasUincentiveUtoUpurchaseUorUrentUpropertyUis
UTRUE?U-UCORRECTUANSWERU-ItUrequiresUaUseparateUchargeUorUfee.
WhichUisUtheUmaximumUfineUforUaUpersonUwhoUtransactsUinsuranceUwithoutUaUvalidUlicense?U-
UCORRECTUANSWERU-$50,000Uand/orUimprisonmentUforUaUperiodUnotUexceedingUoneUyear.
WhichUofUtheUfollowingUisUTRUEUregardingUnon-admittedUinsurers?U-UCORRECTUANSWERU-
ActingUasUanUagentUforUaUnonadmittedUinsurerUisUconsideredUaUmisdemeanor.
AUpolicyUshallUspecifyUallUofUtheUfollowingUEXCEPTU-UCORRECTUANSWERU-
TheUmethodUinUwhichUtheUcoverageUamountUwasUcalculated
HowUlongUdoesUanUemployeeUinUaUgroupUinsuranceUpolicyUhaveUtoUexerciseUtheUconversionUprivilegeUafter
UemploymentUisUterminated?U-UCORRECTUANSWERU-
31UdaysUtoUuseUtheUconversionUprivilegeUandUbeginUanUindividualUlifeUinsuranceUpolicy
WhichUgroupUofUpeopleUisUofferedUadditionalUprotectionUbyUtheUUnfairUPracticesUActUthatUregulatesUtradeU
practicesUinUtheUbusinessUofUinsurance?U-UCORRECTUANSWERU-SurvivorsUofUtheUHolocaust