1
DELAWARE LIFE PRODUCER EXAM 2025 |QUESTIONS
AND VERIFIED ACCURATE SOLUTIONS
A(n) _ may also perform the duties of a consultant. - (answers)producer
What is an example of a producer's implied authority? - (answers)Collecting
premiums
The Commissioner may suspend or revoke a producer's license for -
(answers)keeping premiums owed to the insurer
An insurer is charged _ for submitting an application for a certificate of authority
in Delaware. - (answers)$700
In Delaware, an insurer is prohibited from - (answers)making a political
contribution to any candidate for the office of the Commissioner.
Which of the following is the reimbursement of benefits for the treatment of a
beneficiary's injuries caused by a third party? - (answers)Subrogation
The clause is an Accident and Health policy which defines the benefit amounts the
insurer will pay is called the - (answers)Insuring clause... it states the amount of
benefits to be paid in an Accident and Health policy
Which of the following is NOT an example of a producer's breach of fiduciary
duty? - (answers)allowing premiums to be submitted electronically
, 2
Which health policy clause stipulates that an insurance company must attach a
copy of the application to the policy to ensure that it is part of the contract? -
(answers)Entire Contract
What percentage of employees must participate in a noncontributory group life
insurance plan? - (answers)100%
A licensee's business records must be maintained and made available for
inspection by the Commissioner for a period of - (answers)3 years
When an existing life insurance policy is being reissued with a reduction in cash
value, the producer must sign the - (answers)Notice Regarding Replacement of
Life Insurance or Annuity
Which of the following statements about Credit Life insurance is true? -
(answers)A debtor may use existing coverage already in force
Long-Term Care insurance provides custodial coverage in the event an insured
cannot - (answers)perform activities of daily living
A producer must report a change in address to the Commissioner within -
(answers)30 days
, 3
E&O (Errors and Omissions) insurance protects a(n) - (answers)producer against
disgruntled clients
To maintain continued coverage for a newborn under an accident and sickness
policy, the policy owner must provide notification of birth and payment of
premium to the insurance company within a MAXIMUM of how many days after
birth? - (answers)Thirty-one
Market Conduct examinations include all of these areas EXCEPT -
(answers)producer contracts... it does include underwriting, marketing tactics,
and advertising
What is the basics of a producer's fiduciary responsibility? - (answers)Collecting
premiums and paying them to the insurance company
What action by a producer can be considered rebating? - (answers)Splitting
commissions with a policyholder who has purchased additional coverage
What is required for HIV testing of an applicant? - (answers)The applicant's
written consent
Ethics does NOT cover - (answers)license fees... it does cover good moral
standing, suitability, and client's needs.
, 4
The Commissioner must give _ days written notice prior to holding a hearing
regarding a producer's violation of an unfair trade practice. - (answers)20 days
When an insurance company sends a policy to the insured with an attached
application, the element that makes the application part of the contract between
the insured and the insurer is called the - (answers)Entire Contract provision
Benefits from a Credit Life or Disability policy are paid to the - (answers)Creditor
What statement regarding the Misstatement of Age provision is considered to be
true? - (answers)Coverage will be adjusted to reflect the insured's true age if a
misstatement of age is discovered
What is the authority given to a producer to transact business on behalf of the
insurer? - (answers)Appointment
What is the term that describes the act of replacing existing life insurance with a
new life insurance policy based upon incomplete or incorrect representations? -
(answers)Twisting
The Replacement of Life Insurance and Annuities regulation is designed to protect
the interest of the - (answers)policyowner
What is designed to pay for 100% of Medicare's "express charges"? -
(answers)Medicare Supplement
DELAWARE LIFE PRODUCER EXAM 2025 |QUESTIONS
AND VERIFIED ACCURATE SOLUTIONS
A(n) _ may also perform the duties of a consultant. - (answers)producer
What is an example of a producer's implied authority? - (answers)Collecting
premiums
The Commissioner may suspend or revoke a producer's license for -
(answers)keeping premiums owed to the insurer
An insurer is charged _ for submitting an application for a certificate of authority
in Delaware. - (answers)$700
In Delaware, an insurer is prohibited from - (answers)making a political
contribution to any candidate for the office of the Commissioner.
Which of the following is the reimbursement of benefits for the treatment of a
beneficiary's injuries caused by a third party? - (answers)Subrogation
The clause is an Accident and Health policy which defines the benefit amounts the
insurer will pay is called the - (answers)Insuring clause... it states the amount of
benefits to be paid in an Accident and Health policy
Which of the following is NOT an example of a producer's breach of fiduciary
duty? - (answers)allowing premiums to be submitted electronically
, 2
Which health policy clause stipulates that an insurance company must attach a
copy of the application to the policy to ensure that it is part of the contract? -
(answers)Entire Contract
What percentage of employees must participate in a noncontributory group life
insurance plan? - (answers)100%
A licensee's business records must be maintained and made available for
inspection by the Commissioner for a period of - (answers)3 years
When an existing life insurance policy is being reissued with a reduction in cash
value, the producer must sign the - (answers)Notice Regarding Replacement of
Life Insurance or Annuity
Which of the following statements about Credit Life insurance is true? -
(answers)A debtor may use existing coverage already in force
Long-Term Care insurance provides custodial coverage in the event an insured
cannot - (answers)perform activities of daily living
A producer must report a change in address to the Commissioner within -
(answers)30 days
, 3
E&O (Errors and Omissions) insurance protects a(n) - (answers)producer against
disgruntled clients
To maintain continued coverage for a newborn under an accident and sickness
policy, the policy owner must provide notification of birth and payment of
premium to the insurance company within a MAXIMUM of how many days after
birth? - (answers)Thirty-one
Market Conduct examinations include all of these areas EXCEPT -
(answers)producer contracts... it does include underwriting, marketing tactics,
and advertising
What is the basics of a producer's fiduciary responsibility? - (answers)Collecting
premiums and paying them to the insurance company
What action by a producer can be considered rebating? - (answers)Splitting
commissions with a policyholder who has purchased additional coverage
What is required for HIV testing of an applicant? - (answers)The applicant's
written consent
Ethics does NOT cover - (answers)license fees... it does cover good moral
standing, suitability, and client's needs.
, 4
The Commissioner must give _ days written notice prior to holding a hearing
regarding a producer's violation of an unfair trade practice. - (answers)20 days
When an insurance company sends a policy to the insured with an attached
application, the element that makes the application part of the contract between
the insured and the insurer is called the - (answers)Entire Contract provision
Benefits from a Credit Life or Disability policy are paid to the - (answers)Creditor
What statement regarding the Misstatement of Age provision is considered to be
true? - (answers)Coverage will be adjusted to reflect the insured's true age if a
misstatement of age is discovered
What is the authority given to a producer to transact business on behalf of the
insurer? - (answers)Appointment
What is the term that describes the act of replacing existing life insurance with a
new life insurance policy based upon incomplete or incorrect representations? -
(answers)Twisting
The Replacement of Life Insurance and Annuities regulation is designed to protect
the interest of the - (answers)policyowner
What is designed to pay for 100% of Medicare's "express charges"? -
(answers)Medicare Supplement
