DELAWARE LIFE PRODUCER EXAM
2025/2026 WITH QUESTIONS AND
100% CORRECT ANSWERS |
ALREADY GRADED A+ | DELAWARE
LIFE PRODUCER LATEST EXAM
The Replacement of Life Insurance and Annuities regulation is designed to protect
the interest of the - ANSWER-policy owner
What is designed to pay for 100% of Medicare's "express charges"? - ANSWER-
Medicare Supplement
A verbal or written statement which misleads a policy's features, benefits, or
coverage is considered - ANSWER-misrepresentation
What is the maximum contest-ability period for most health insurance policies? -
ANSWER-2 years
A producer receives the initial premium from an applicant and deposits the money
into a personal bank account for 2 weeks. This illegal action is called - ANSWER-
commingling (combining collected insurance premiums with personal funds)
,What is considered an Optional Health Provision? - ANSWER-Illegal occupation
In Delaware, which of the following is considered an Unfair Trade Practice? -
ANSWER-Coercion
A debtor with Credit Life insurance who has paid off the debt earlier than
scheduled will - ANSWER-receive a refund of unused premiums
Someone in a position of financial trust is called a - ANSWER-fiduciary
With regards to credit life insurance, the amount of credit life insurance purchased
shall not exceed the - ANSWER-initial indebtedness
A(n) _ may also perform the duties of a consultant. - ANSWER-producer
What is an example of a producer's implied authority? - ANSWER-Collecting
premiums
The Commissioner may suspend or revoke a producer's license for - ANSWER-
keeping premiums owed to the insurer
An insurer is charged _ for submitting an application for a certificate of authority
in Delaware. - ANSWER-$700
In Delaware, an insurer is prohibited from - ANSWER-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? - ANSWER-Subrogation
The clause is an Accident and Health policy which defines the benefit amounts the
insurer will pay is called the - ANSWER-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? - ANSWER-allowing premiums to be submitted electronically
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? -
ANSWER-Entire Contract
What percentage of employees must participate in a noncontributory group life
insurance plan? - ANSWER-100%
A licensee's business records must be maintained and made available for inspection
by the Commissioner for a period of - ANSWER-3 years
When an existing life insurance policy is being reissued with a reduction in cash
value, the producer must sign the - ANSWER-Notice Regarding Replacement of
Life Insurance or Annuity
Which of the following statements about Credit Life insurance is true? -
ANSWER-A debtor may use existing coverage already in force
Long-Term Care insurance provides custodial coverage in the event an insured
cannot - ANSWER-perform activities of daily living
, A producer must report a change in address to the Commissioner within -
ANSWER-30 days
E&O (Errors and Omissions) insurance protects a(n) - ANSWER-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? - ANSWER-Thirty-one
Market Conduct examinations include all of these areas EXCEPT - ANSWER-
producer contracts... it does include underwriting, marketing tactics, and
advertising
What is the basics of a producer's fiduciary responsibility? - ANSWER-Collecting
premiums and paying them to the insurance company
What action by a producer can be considered rebating? - ANSWER-Splitting
commissions with a policyholder who has purchased additional coverage
What is required for HIV testing of an applicant? - ANSWER-The applicant's
written consent
Ethics does NOT cover - ANSWER-license fees... it does cover good moral
standing, suitability, and client's needs.
2025/2026 WITH QUESTIONS AND
100% CORRECT ANSWERS |
ALREADY GRADED A+ | DELAWARE
LIFE PRODUCER LATEST EXAM
The Replacement of Life Insurance and Annuities regulation is designed to protect
the interest of the - ANSWER-policy owner
What is designed to pay for 100% of Medicare's "express charges"? - ANSWER-
Medicare Supplement
A verbal or written statement which misleads a policy's features, benefits, or
coverage is considered - ANSWER-misrepresentation
What is the maximum contest-ability period for most health insurance policies? -
ANSWER-2 years
A producer receives the initial premium from an applicant and deposits the money
into a personal bank account for 2 weeks. This illegal action is called - ANSWER-
commingling (combining collected insurance premiums with personal funds)
,What is considered an Optional Health Provision? - ANSWER-Illegal occupation
In Delaware, which of the following is considered an Unfair Trade Practice? -
ANSWER-Coercion
A debtor with Credit Life insurance who has paid off the debt earlier than
scheduled will - ANSWER-receive a refund of unused premiums
Someone in a position of financial trust is called a - ANSWER-fiduciary
With regards to credit life insurance, the amount of credit life insurance purchased
shall not exceed the - ANSWER-initial indebtedness
A(n) _ may also perform the duties of a consultant. - ANSWER-producer
What is an example of a producer's implied authority? - ANSWER-Collecting
premiums
The Commissioner may suspend or revoke a producer's license for - ANSWER-
keeping premiums owed to the insurer
An insurer is charged _ for submitting an application for a certificate of authority
in Delaware. - ANSWER-$700
In Delaware, an insurer is prohibited from - ANSWER-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? - ANSWER-Subrogation
The clause is an Accident and Health policy which defines the benefit amounts the
insurer will pay is called the - ANSWER-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? - ANSWER-allowing premiums to be submitted electronically
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? -
ANSWER-Entire Contract
What percentage of employees must participate in a noncontributory group life
insurance plan? - ANSWER-100%
A licensee's business records must be maintained and made available for inspection
by the Commissioner for a period of - ANSWER-3 years
When an existing life insurance policy is being reissued with a reduction in cash
value, the producer must sign the - ANSWER-Notice Regarding Replacement of
Life Insurance or Annuity
Which of the following statements about Credit Life insurance is true? -
ANSWER-A debtor may use existing coverage already in force
Long-Term Care insurance provides custodial coverage in the event an insured
cannot - ANSWER-perform activities of daily living
, A producer must report a change in address to the Commissioner within -
ANSWER-30 days
E&O (Errors and Omissions) insurance protects a(n) - ANSWER-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? - ANSWER-Thirty-one
Market Conduct examinations include all of these areas EXCEPT - ANSWER-
producer contracts... it does include underwriting, marketing tactics, and
advertising
What is the basics of a producer's fiduciary responsibility? - ANSWER-Collecting
premiums and paying them to the insurance company
What action by a producer can be considered rebating? - ANSWER-Splitting
commissions with a policyholder who has purchased additional coverage
What is required for HIV testing of an applicant? - ANSWER-The applicant's
written consent
Ethics does NOT cover - ANSWER-license fees... it does cover good moral
standing, suitability, and client's needs.
