IOWA LIFE AND HEALTH INSURANCE
EXAM 2025 QUESTIONS AND ANSWERS
Unfair Discrimination Example - ANS An Insurance company that charges different premiums
for insured's in the same risk classification
Disability Income - ANS In the Event of An illness this policy would reimburse an insured for
loss of earnings.
Insuring Clause - ANS the clause in an Accident and Health policy which defines the benefit
amounts the insurer will pay is called?
Resident Producer - ANS Which of these individuals would require continuing education?
Under an Individual Health Insurance Policy , The Time Limit of Certain Defenses provision
states that nonfraudulent misstatements first become incontestable for two years -
ANS From the date the policy was issued
Accidental Death and Dismemberment - ANS Which of these is NOT a required group life
provision ?
8% - ANS A life policy loan in Iowa cannot charge a fixed rate of interest higher than ?
Submit the claim in any form - ANS what should an insured do if the insurer does not send
claims forms within the time period set forth in a health policy's Claims Forms provision
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,S recently received a $500,000 lump sum retirement buyout from her employer. She would like
to buy an annuity that will immediately furnish her with a guaranteed income for life. What
type of annuity is best suited for her situation? - ANS Single Premium
S buys a $10,000 Whole Life policy in 2003 and pays an annual premium of $100. S dies 5 years
later in 2008 and the insurer pays the beneficiary $10,500. What kind of rider did S include on
the policy? - ANS Return of Premium Rider
An accident policy will most likely pay a benefit for a(n) - ANS off-the-job accident
What must the policyowner provide to the insurer for validation that a loss has occurred? -
ANS Proof of Loss
T and S are named co-primary beneficiaries on a $500,000 Accidental Death and
Dismemberment policy insuring their father. Their mother was named contingent beneficiary.
Five years later, S dies of natural causes and the father is killed in a scuba accident shortly
afterwards. How much of the death benefit will the mother receive? - ANS $0
(because T is still alive)
In Iowa, Long- Term Care policy must be _______________ renewable - ANS Guaranteed
During an insurance transaction, who does the producer represent? - ANS Insurer
A hearing must be held before a producers license can be suspended or revoked .Prior to
hearing the Commisoner is required to - ANS give written notice to producer
A life insurance policy that provides a policy owner with cash value along with level face
amount is called? - ANS Whole Life
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, A __________ rider may be used to include coverage for children under their parents life
insurance policy - ANS Term rider
What type of life policy has a death benefit that adjust periodically and is written for a specific
period of time - ANS Decreasing Term Policy
During the course of Medicare Supplement Sale ,T the producer determines there is an existing
policy being replaced . which of these actions is T NOT required to perform? - ANS Notify the
replaced insurance company
Which Unfair Trade Practice involves an agent suggesting that an insurance policy is like a share
of stock?
*Twisting
*Intimidation
*Misrepresentation
*Sliding - ANS Misrepresentation
Nursing home benefits must be provided for at least 12 consecutive months in which of the
following types of policies? - ANS Long-Term Care
Which of the following organizations would make reimbursement payments directly to the
insured individual for covered medical expenses? - ANS Comercial Insurer
Which of these is NOT a source funding for Social Security benefits ? - ANS Federal
government
An individual covered under Group Life Policy Insurance policy is consider be a(n)? -
ANS certificate holder
3 Copyright ©BRIGHSTARS ALL RIGHTS RESERVED 2025
EXAM 2025 QUESTIONS AND ANSWERS
Unfair Discrimination Example - ANS An Insurance company that charges different premiums
for insured's in the same risk classification
Disability Income - ANS In the Event of An illness this policy would reimburse an insured for
loss of earnings.
Insuring Clause - ANS the clause in an Accident and Health policy which defines the benefit
amounts the insurer will pay is called?
Resident Producer - ANS Which of these individuals would require continuing education?
Under an Individual Health Insurance Policy , The Time Limit of Certain Defenses provision
states that nonfraudulent misstatements first become incontestable for two years -
ANS From the date the policy was issued
Accidental Death and Dismemberment - ANS Which of these is NOT a required group life
provision ?
8% - ANS A life policy loan in Iowa cannot charge a fixed rate of interest higher than ?
Submit the claim in any form - ANS what should an insured do if the insurer does not send
claims forms within the time period set forth in a health policy's Claims Forms provision
1 Copyright ©BRIGHSTARS ALL RIGHTS RESERVED 2025
,S recently received a $500,000 lump sum retirement buyout from her employer. She would like
to buy an annuity that will immediately furnish her with a guaranteed income for life. What
type of annuity is best suited for her situation? - ANS Single Premium
S buys a $10,000 Whole Life policy in 2003 and pays an annual premium of $100. S dies 5 years
later in 2008 and the insurer pays the beneficiary $10,500. What kind of rider did S include on
the policy? - ANS Return of Premium Rider
An accident policy will most likely pay a benefit for a(n) - ANS off-the-job accident
What must the policyowner provide to the insurer for validation that a loss has occurred? -
ANS Proof of Loss
T and S are named co-primary beneficiaries on a $500,000 Accidental Death and
Dismemberment policy insuring their father. Their mother was named contingent beneficiary.
Five years later, S dies of natural causes and the father is killed in a scuba accident shortly
afterwards. How much of the death benefit will the mother receive? - ANS $0
(because T is still alive)
In Iowa, Long- Term Care policy must be _______________ renewable - ANS Guaranteed
During an insurance transaction, who does the producer represent? - ANS Insurer
A hearing must be held before a producers license can be suspended or revoked .Prior to
hearing the Commisoner is required to - ANS give written notice to producer
A life insurance policy that provides a policy owner with cash value along with level face
amount is called? - ANS Whole Life
2 Copyright ©BRIGHSTARS ALL RIGHTS RESERVED 2025
, A __________ rider may be used to include coverage for children under their parents life
insurance policy - ANS Term rider
What type of life policy has a death benefit that adjust periodically and is written for a specific
period of time - ANS Decreasing Term Policy
During the course of Medicare Supplement Sale ,T the producer determines there is an existing
policy being replaced . which of these actions is T NOT required to perform? - ANS Notify the
replaced insurance company
Which Unfair Trade Practice involves an agent suggesting that an insurance policy is like a share
of stock?
*Twisting
*Intimidation
*Misrepresentation
*Sliding - ANS Misrepresentation
Nursing home benefits must be provided for at least 12 consecutive months in which of the
following types of policies? - ANS Long-Term Care
Which of the following organizations would make reimbursement payments directly to the
insured individual for covered medical expenses? - ANS Comercial Insurer
Which of these is NOT a source funding for Social Security benefits ? - ANS Federal
government
An individual covered under Group Life Policy Insurance policy is consider be a(n)? -
ANS certificate holder
3 Copyright ©BRIGHSTARS ALL RIGHTS RESERVED 2025
