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Delaware Life Producer Exam 2025 with 250
Practice Questions and Correct Verified
Answers/ DE Life Producer License Practice
Test Latest (New!)
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
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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.
The Commissioner must give _ days written notice prior to holding a
hearing regarding a producer's violation of an unfair trade practice.
- ..........ANSWER.......20 days
When an insurance company sends a policy to the insured with an
attached application, the element that makes the application part of
the contract between the insured and the insurer is called the -
..........ANSWER.......Entire Contract provision
Benefits from a Credit Life or Disability policy are paid to the -
..........ANSWER.......Creditor
What statement regarding the Misstatement of Age provision is
considered to be true? - ..........ANSWER.......Coverage will be adjusted
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to reflect the insured's true age if a misstatement of age is
discovered
What is the authority given to a producer to transact business on
behalf of the insurer? - ..........ANSWER.......Appointment
What is the term that describes the act of replacing existing life
insurance with a new life insurance policy based upon incomplete or
incorrect representations? - ..........ANSWER.......Twisting
The Replacement of Life Insurance and Annuities regulation is
designed to protect the interest of the -
..........ANSWER.......policyowner
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
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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 s
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
The violation of a cease and desist order may result in all of the
following EXCEPT - ..........ANSWER.......community service... it may
Delaware Life Producer Exam 2025 with 250
Practice Questions and Correct Verified
Answers/ DE Life Producer License Practice
Test Latest (New!)
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
,2|Page
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.
The Commissioner must give _ days written notice prior to holding a
hearing regarding a producer's violation of an unfair trade practice.
- ..........ANSWER.......20 days
When an insurance company sends a policy to the insured with an
attached application, the element that makes the application part of
the contract between the insured and the insurer is called the -
..........ANSWER.......Entire Contract provision
Benefits from a Credit Life or Disability policy are paid to the -
..........ANSWER.......Creditor
What statement regarding the Misstatement of Age provision is
considered to be true? - ..........ANSWER.......Coverage will be adjusted
,3|Page
to reflect the insured's true age if a misstatement of age is
discovered
What is the authority given to a producer to transact business on
behalf of the insurer? - ..........ANSWER.......Appointment
What is the term that describes the act of replacing existing life
insurance with a new life insurance policy based upon incomplete or
incorrect representations? - ..........ANSWER.......Twisting
The Replacement of Life Insurance and Annuities regulation is
designed to protect the interest of the -
..........ANSWER.......policyowner
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
, 4|Page
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 s
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
The violation of a cease and desist order may result in all of the
following EXCEPT - ..........ANSWER.......community service... it may
