GA LIFE INSURANCE EXAM WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
Which of these do NOT constitute policy delivery? -
ANSWERS-Policy issued with a rating
At what time must a policyowner have insurable interest on
the insured in order for the life policy to be valid? -
ANSWERS-at the time of application
What is being delivered during a policy delivery? -
ANSWERS-Insurance contract to the proposed insured
Upon delivery of a rated life insurance policy, the Producer
must obtain each of the following, EXCEPT: - ANSWERS-
signed HIPAA disclosure
,K applies for a life insurance policy on herself and submits
the initial premium with the application. She is given a
receipt by the agent stating that coverage begins
immediately if the application is approved. What kind of
receipt was used? - ANSWERS-conditional
K is an agent who takes an application for individual life
insurance and accepts a check from the client. He submits
the application and check to the insurance company,
however the check was never signed by the applicant. If the
application is approved, when will coverage be effective? -
ANSWERS-the date the agent delivered the policy, collected
the initial premium, and obtained a good health statement
from the insured
Which provision is NOT a requirement in a group life policy?
- ANSWERS-accidental
What is the consideration given by an insurer in the
consideration clause of a life policy? - ANSWERS-promise to
pay a death benefit to a named beneficiary
Statements made on an insurance application that are
believed to be true to the best of the applicant's knowledge
are called: - ANSWERS-representations
, Which of the following consists of an offer, acceptance, and
consideration? - ANSWERS-contract
Which of these require an offer, acceptance, and
consideration? - ANSWERS-contract
In regards to representation or warranties, which of these
statements is TRUE? - ANSWERS-If material to the risk, false
representation will void a policy
Insurance policies are offered on a "take it or leave it" basis,
which make them: - ANSWERS-Contracts of Adhesion
A life insurance policy would be considered a wagering
contract WITHOUT: - ANSWERS-insurable interest
Insurance policies are considered aleatory contracts because
- ANSWERS-performance is conditioned upon a future
occurance
Life and health insurance policies are: - ANSWERS-Unilateral
contracts
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
Which of these do NOT constitute policy delivery? -
ANSWERS-Policy issued with a rating
At what time must a policyowner have insurable interest on
the insured in order for the life policy to be valid? -
ANSWERS-at the time of application
What is being delivered during a policy delivery? -
ANSWERS-Insurance contract to the proposed insured
Upon delivery of a rated life insurance policy, the Producer
must obtain each of the following, EXCEPT: - ANSWERS-
signed HIPAA disclosure
,K applies for a life insurance policy on herself and submits
the initial premium with the application. She is given a
receipt by the agent stating that coverage begins
immediately if the application is approved. What kind of
receipt was used? - ANSWERS-conditional
K is an agent who takes an application for individual life
insurance and accepts a check from the client. He submits
the application and check to the insurance company,
however the check was never signed by the applicant. If the
application is approved, when will coverage be effective? -
ANSWERS-the date the agent delivered the policy, collected
the initial premium, and obtained a good health statement
from the insured
Which provision is NOT a requirement in a group life policy?
- ANSWERS-accidental
What is the consideration given by an insurer in the
consideration clause of a life policy? - ANSWERS-promise to
pay a death benefit to a named beneficiary
Statements made on an insurance application that are
believed to be true to the best of the applicant's knowledge
are called: - ANSWERS-representations
, Which of the following consists of an offer, acceptance, and
consideration? - ANSWERS-contract
Which of these require an offer, acceptance, and
consideration? - ANSWERS-contract
In regards to representation or warranties, which of these
statements is TRUE? - ANSWERS-If material to the risk, false
representation will void a policy
Insurance policies are offered on a "take it or leave it" basis,
which make them: - ANSWERS-Contracts of Adhesion
A life insurance policy would be considered a wagering
contract WITHOUT: - ANSWERS-insurable interest
Insurance policies are considered aleatory contracts because
- ANSWERS-performance is conditioned upon a future
occurance
Life and health insurance policies are: - ANSWERS-Unilateral
contracts
