Delaware Life Producer Exam 2025 with 250 Practice
Questions and Correct Verified Answers/ DE Life Producer
License Practice Test Latest 2025-2026 (New!)
If the Delaware Insurance Commissioner calls a hearing on a producer's license,
the affected producer must be given at LEAST how many days advance written
notice? - ANSWER-Twenty
Delaware law provides for a grace period of NOT less than how many days for a
monthly-premium health insurance policy? - ANSWER-10
A policyowner would like to change the beneficiary on a Life insurance policy and
make the change permanent. Which type of designation would fulfill this need? -
ANSWER-Irrevocable
M has a Major Medical insurance policy with a $200 flat deductible and an 80%
Coinsurance clause. If M incurs a $2,200 claim for an eligible medical expense,
how much will M receive in payment for this claim? - ANSWER-$1,600... $2,200
- $200 x .8 = $1,600
When is the face amount of a Whole Life policy paid? - ANSWER-When the
insured dies or at the policy's maturity date, whichever happens first
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? - ANSWER-$0 because T is still alive and the sole primary beneficiary,
while the mother is still the contingent beneficiary
pg. 1
,On a life insurance policy, who is qualified to change the beneficiary designation?
- ANSWER-Policyowner
In a life insurance policy, which provision states who may select policy options,
designate and name a beneficiary, and be the recipient of any financial benefits
from the policy? - ANSWER-Owner's Rights
W is a 39-year old female who just purchased an annuity to provide income for life
starting at age 60. All of these would be acceptable annuity choices EXCEPT a(n) -
ANSWER-Immediate annuity, which starts providing income payments within the
first 30 days from the purchase date.
In Delaware, Long-term care policies must be - ANSWER-guaranteed renewable
A hearing must be held before a producer's license can be suspended or revoked.
Prior to the hearing, the Commissioner is required to - ANSWER-give written
notice to the producer
How often must an insurance producer's license in Delaware be renewed? -
ANSWER-Every two years
Replacement regulations apply to which of the following types of contracts? -
ANSWER-Ordinary Life
Renewal commissions may be paid to an unlicensed individual if the person was -
ANSWER-licensed at the time of the sale
During an insurance transaction, who does the producer represent? - ANSWER-
insurer
pg. 2
,The conversion period for a terminated employee to convert group life coverage to
an individual plan is - ANSWER-31 days
Which of the following is an unfair trade practice? - ANSWER-Willfully
collecting an amount in excess of the correct premium
What kind of service is NOT included under hospitalization expense coverage? -
ANSWER-surgical fees... daily room and board, intensive care, and miscellaneous
expenses are included under hospitalization expense coverage
An insured owns an individual Disability Income policy with a 30-day Elimination
Period for sickness and accidents and a monthly indemnity benefit of $500. If the
insured is disabled for 3 1/2 months, what is the MAXIMUM amount he would
receive for an approved claim? - ANSWER-3.5 months - 1 month elimination
period = 2.5 months. 2.5 months x $500 indemnity = $1,250.
Before the age of 59 1/2, withdrawals from individual retirement accounts have a
penalty of - ANSWER-10% penalty
What statement is assured to be true in every aspect? - ANSWER-Warranty is
considered guaranteed to be true
The life insurance and annuity replacement regulation defines replacement as -
ANSWER-exchanging an existing policy for a new policy
What is the MAXIMUM Social Security Disability benefit amount an insured can
receive? - ANSWER-100% of the insured's Primary Insurance Amount (PIA)
pg. 3
, What is consistent about Straight Life policy? - ANSWER-Premiums are payable
as long as there is insurance coverage in force
C is the policyowner of a Comprehensive individual Major Medical policy. C pays
an annual premium which is due September 1. If C forgets to pay the premium and
is hospitalized September 10, how will the insurer handle this claim? - ANSWER-
Pay the claim in full minus the premium due
N, age 50, recently bought an annuity that will pay a guaranteed $2,000/month at
age 70 for life. What type of annuity did N purchase? - ANSWER-Fixed Deferred
With Optionally Renewable Health policies, the insurer may - ANSWER-review
the policy annually and determine whether or not to renew it
What is a true statement about Credit Life insurance? - ANSWER-An individual
may use existing coverage already in effect by assigning benefits to the lender
Which of the following does Social Security NOT provide benefits for? -
ANSWER-Dismemberment... SS does provide benefits for survivorship, disability,
and retirement.
Under a Graded Premium policy, the premiums - ANSWER-are lower during the
policy's early years
What will a Long Term Care plan typically provide benefits for? - ANSWER-
home health care
A(n) _ may also perform the duties of a consultant. - ANSWER-producer
pg. 4
Questions and Correct Verified Answers/ DE Life Producer
License Practice Test Latest 2025-2026 (New!)
If the Delaware Insurance Commissioner calls a hearing on a producer's license,
the affected producer must be given at LEAST how many days advance written
notice? - ANSWER-Twenty
Delaware law provides for a grace period of NOT less than how many days for a
monthly-premium health insurance policy? - ANSWER-10
A policyowner would like to change the beneficiary on a Life insurance policy and
make the change permanent. Which type of designation would fulfill this need? -
ANSWER-Irrevocable
M has a Major Medical insurance policy with a $200 flat deductible and an 80%
Coinsurance clause. If M incurs a $2,200 claim for an eligible medical expense,
how much will M receive in payment for this claim? - ANSWER-$1,600... $2,200
- $200 x .8 = $1,600
When is the face amount of a Whole Life policy paid? - ANSWER-When the
insured dies or at the policy's maturity date, whichever happens first
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? - ANSWER-$0 because T is still alive and the sole primary beneficiary,
while the mother is still the contingent beneficiary
pg. 1
,On a life insurance policy, who is qualified to change the beneficiary designation?
- ANSWER-Policyowner
In a life insurance policy, which provision states who may select policy options,
designate and name a beneficiary, and be the recipient of any financial benefits
from the policy? - ANSWER-Owner's Rights
W is a 39-year old female who just purchased an annuity to provide income for life
starting at age 60. All of these would be acceptable annuity choices EXCEPT a(n) -
ANSWER-Immediate annuity, which starts providing income payments within the
first 30 days from the purchase date.
In Delaware, Long-term care policies must be - ANSWER-guaranteed renewable
A hearing must be held before a producer's license can be suspended or revoked.
Prior to the hearing, the Commissioner is required to - ANSWER-give written
notice to the producer
How often must an insurance producer's license in Delaware be renewed? -
ANSWER-Every two years
Replacement regulations apply to which of the following types of contracts? -
ANSWER-Ordinary Life
Renewal commissions may be paid to an unlicensed individual if the person was -
ANSWER-licensed at the time of the sale
During an insurance transaction, who does the producer represent? - ANSWER-
insurer
pg. 2
,The conversion period for a terminated employee to convert group life coverage to
an individual plan is - ANSWER-31 days
Which of the following is an unfair trade practice? - ANSWER-Willfully
collecting an amount in excess of the correct premium
What kind of service is NOT included under hospitalization expense coverage? -
ANSWER-surgical fees... daily room and board, intensive care, and miscellaneous
expenses are included under hospitalization expense coverage
An insured owns an individual Disability Income policy with a 30-day Elimination
Period for sickness and accidents and a monthly indemnity benefit of $500. If the
insured is disabled for 3 1/2 months, what is the MAXIMUM amount he would
receive for an approved claim? - ANSWER-3.5 months - 1 month elimination
period = 2.5 months. 2.5 months x $500 indemnity = $1,250.
Before the age of 59 1/2, withdrawals from individual retirement accounts have a
penalty of - ANSWER-10% penalty
What statement is assured to be true in every aspect? - ANSWER-Warranty is
considered guaranteed to be true
The life insurance and annuity replacement regulation defines replacement as -
ANSWER-exchanging an existing policy for a new policy
What is the MAXIMUM Social Security Disability benefit amount an insured can
receive? - ANSWER-100% of the insured's Primary Insurance Amount (PIA)
pg. 3
, What is consistent about Straight Life policy? - ANSWER-Premiums are payable
as long as there is insurance coverage in force
C is the policyowner of a Comprehensive individual Major Medical policy. C pays
an annual premium which is due September 1. If C forgets to pay the premium and
is hospitalized September 10, how will the insurer handle this claim? - ANSWER-
Pay the claim in full minus the premium due
N, age 50, recently bought an annuity that will pay a guaranteed $2,000/month at
age 70 for life. What type of annuity did N purchase? - ANSWER-Fixed Deferred
With Optionally Renewable Health policies, the insurer may - ANSWER-review
the policy annually and determine whether or not to renew it
What is a true statement about Credit Life insurance? - ANSWER-An individual
may use existing coverage already in effect by assigning benefits to the lender
Which of the following does Social Security NOT provide benefits for? -
ANSWER-Dismemberment... SS does provide benefits for survivorship, disability,
and retirement.
Under a Graded Premium policy, the premiums - ANSWER-are lower during the
policy's early years
What will a Long Term Care plan typically provide benefits for? - ANSWER-
home health care
A(n) _ may also perform the duties of a consultant. - ANSWER-producer
pg. 4
