LAWS AND RULES PERTINENT TO
INSURANCE LATEST EXAM 2025 WITH
MULTIPLE CHOICE OF QUESTIONS AND
DETAILED CORRECT ANSWERS ALREADY
GRADED A+ AND 100% GUARANTEE PASS
(BRAND NEW!!!!!!)
Which of the following is NOT an example of inducement to
purchase insurance?
A promise of employment
A gift having a value less than $25
A special favor in the payment of premiums
Giving merchandise to a client with a value of $100 - CORRECT
ANSWER-A gift having a value less than $25
The Director MUST examine domestic insurers AT LEAST once
every:
year
3 years
5 years
7 years - CORRECT ANSWER-5 years
An insurer may refuse to issue a policy to a particular insurance
applicant for a reason based solely on:
medical condition
,race
gender
creed - CORRECT ANSWER-medical condition
Mary is issued an initial producer's license on April 29, 2012.
Her birthdate is March 14, 1980. When does her license renew?
March 31, 2013
April 29, 2013
March 31, 2014
April 29, 2014 - CORRECT ANSWER-March 31, 2014
An insurance producer CANNOT act as an agent of an insurer
until the insurance producer becomes:
licensed
designated responsible producer
a member of the National Association of Insurance
Commissioners (NAIC)
appointed by the insurer - CORRECT ANSWER-appointed by the
insurer
A policy illustration given at time of sale does NOT typically
include the:
cash value of the policy
names of the beneficiary
effective interest rate for policy loans
10th and 20th year cost surrender value - CORRECT ANSWER-Names
of the beneficiary
, Someone who sells, solicits, or negotiates insurance contracts
for compensation on behalf of an insurer is called:
an insurance broker
an insurance producer
an insurance advisor
an insurance solicitor - CORRECT ANSWER-an insurance producer
How many years is a producer REQUIRED to maintain
transaction records of a policy?
3 years
5 years
7 years
10 years - CORRECT ANSWER-5 years
According to the Affordable Care Act, what metal tier is
required to have an actuarial value of 70% with covered
individuals paying 30% through deductibles, co-pays, and other
cost sharing features?
Bronze Plan
Silver Plan
Gold Plan
Platinum Plan - CORRECT ANSWER-Silver plan
When a life insurance policy is issued to replace another life
insurance policy, which of the following does NOT need to be
INSURANCE LATEST EXAM 2025 WITH
MULTIPLE CHOICE OF QUESTIONS AND
DETAILED CORRECT ANSWERS ALREADY
GRADED A+ AND 100% GUARANTEE PASS
(BRAND NEW!!!!!!)
Which of the following is NOT an example of inducement to
purchase insurance?
A promise of employment
A gift having a value less than $25
A special favor in the payment of premiums
Giving merchandise to a client with a value of $100 - CORRECT
ANSWER-A gift having a value less than $25
The Director MUST examine domestic insurers AT LEAST once
every:
year
3 years
5 years
7 years - CORRECT ANSWER-5 years
An insurer may refuse to issue a policy to a particular insurance
applicant for a reason based solely on:
medical condition
,race
gender
creed - CORRECT ANSWER-medical condition
Mary is issued an initial producer's license on April 29, 2012.
Her birthdate is March 14, 1980. When does her license renew?
March 31, 2013
April 29, 2013
March 31, 2014
April 29, 2014 - CORRECT ANSWER-March 31, 2014
An insurance producer CANNOT act as an agent of an insurer
until the insurance producer becomes:
licensed
designated responsible producer
a member of the National Association of Insurance
Commissioners (NAIC)
appointed by the insurer - CORRECT ANSWER-appointed by the
insurer
A policy illustration given at time of sale does NOT typically
include the:
cash value of the policy
names of the beneficiary
effective interest rate for policy loans
10th and 20th year cost surrender value - CORRECT ANSWER-Names
of the beneficiary
, Someone who sells, solicits, or negotiates insurance contracts
for compensation on behalf of an insurer is called:
an insurance broker
an insurance producer
an insurance advisor
an insurance solicitor - CORRECT ANSWER-an insurance producer
How many years is a producer REQUIRED to maintain
transaction records of a policy?
3 years
5 years
7 years
10 years - CORRECT ANSWER-5 years
According to the Affordable Care Act, what metal tier is
required to have an actuarial value of 70% with covered
individuals paying 30% through deductibles, co-pays, and other
cost sharing features?
Bronze Plan
Silver Plan
Gold Plan
Platinum Plan - CORRECT ANSWER-Silver plan
When a life insurance policy is issued to replace another life
insurance policy, which of the following does NOT need to be
