NC LIFE AND HEALTH INSURANCE EXAM
2026/2027 COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS/ COMPLETE SOLUTIONS |
GET IT 100% ACCURATE
A company attempting a life policy replacement must notify the existing company
within... - CORRECT ANSWER ✔✔- 5 working days
What is the minimum benefit that a group policy must provide for the necessary
care and treatment of chemical dependency for the life of the policy? - CORRECT
ANSWER ✔✔- 16,000
What type of policy would cover groups of individuals that are constantly
changing and therefore would not be individually named? - CORRECT ANSWER
✔✔- Blanket
The death benefit of an accidental death and dismemberment policy is the -
CORRECT ANSWER ✔✔- Principal sum
What can effect disability benefits received under group plan? - CORRECT
ANSWER ✔✔- Social Security, pension plan, Worker's Compensation
What is the result if the disability benefit is falsified? - CORRECT ANSWER ✔✔-
Discontinue any further benefits and make a repayment of the benefits received
The commissioner must be notified within ____ - CORRECT ANSWER ✔✔- 10
days of any change of address/name
1|Page
,Free look provision allow how many days to examine the policy? - CORRECT
ANSWER ✔✔- 10 days starting withe the day the policy is delivered
Notice of hearing must be sent at least... - CORRECT ANSWER ✔✔- 10 days
prior to the scheduled hearing dates
A company must respond to the request for the reason why an adverse decision
was made within - CORRECT ANSWER ✔✔- 21 business days
Replacing life insurance policies requires how many day long free look policy? -
CORRECT ANSWER ✔✔- 30 days
How many days to answer disputed information? - CORRECT ANSWER ✔✔- 30
business days
Within how many days must the death benefits be paid? - CORRECT ANSWER
✔✔- 30 days after receiving the death notice
What happens if the death benefits are not paid on time? - CORRECT ANSWER
✔✔- The company must pay interests on the payout
What must happen if a person leaves the state? - CORRECT ANSWER ✔✔- They
must turn in their license within 30 days of terminating residency
How many days to file new appointment? - CORRECT ANSWER ✔✔- 30 days
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,How many days to file the cancellation of an appointment? - CORRECT
ANSWER ✔✔- 30 days
Conversion from a group plan to individual must be made within ______ days
from the termination of the group - CORRECT ANSWER ✔✔- 31 days
If an employee's termination is permanent, the coverage under the group life plan
will continue for ___ days. - CORRECT ANSWER ✔✔- 31 days
The grace period for industrial life insurance that is - CORRECT ANSWER ✔✔-
20 days or four weeks for weekly premium policies, and 31 days for monthly
premiums
The certified holders must be notified if the insurance fiduciary is going to stop
paying the premiums how many days in advance? - CORRECT ANSWER ✔✔- 45
days
How many days are permitted between an IRA rollover? - CORRECT ANSWER
✔✔- Within 60 days
How often are IRA rollovers permitted? - CORRECT ANSWER ✔✔- One per
year
How many days does a person have to request a reason for an adverse underwriting
decision? - CORRECT ANSWER ✔✔- 90 business days
Death by an accident must occur within how many days to pay extra for the
accidental death benefit? - CORRECT ANSWER ✔✔- 90 days
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, A temporary card is good for how many days? - CORRECT ANSWER ✔✔- 180
days
How many months in a group policy stipulate that in order for person to be able to
exercise his conversion privileges must be covered? - CORRECT ANSWER ✔✔-
Three consecutive months
Applications for life insurance can be backdated for how many months? -
CORRECT ANSWER ✔✔- Six months
Policy loans can be deferred up to how many months? - CORRECT ANSWER
✔✔- Six months
How many months is a person required to be disabled before the premiums are
waived under the waiver of premium provision? - CORRECT ANSWER ✔✔- Six
months
The time limit for avoiding a policy or denying the claim due to the concealment is
usually how many years? - CORRECT ANSWER ✔✔- Two years
Suicide is usually excluded up to the first ____ years and I life-insurance policy? -
CORRECT ANSWER ✔✔- Two years
Premiums will be refunded if the death occurs within how many years? -
CORRECT ANSWER ✔✔- Two years
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2026/2027 COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS/ COMPLETE SOLUTIONS |
GET IT 100% ACCURATE
A company attempting a life policy replacement must notify the existing company
within... - CORRECT ANSWER ✔✔- 5 working days
What is the minimum benefit that a group policy must provide for the necessary
care and treatment of chemical dependency for the life of the policy? - CORRECT
ANSWER ✔✔- 16,000
What type of policy would cover groups of individuals that are constantly
changing and therefore would not be individually named? - CORRECT ANSWER
✔✔- Blanket
The death benefit of an accidental death and dismemberment policy is the -
CORRECT ANSWER ✔✔- Principal sum
What can effect disability benefits received under group plan? - CORRECT
ANSWER ✔✔- Social Security, pension plan, Worker's Compensation
What is the result if the disability benefit is falsified? - CORRECT ANSWER ✔✔-
Discontinue any further benefits and make a repayment of the benefits received
The commissioner must be notified within ____ - CORRECT ANSWER ✔✔- 10
days of any change of address/name
1|Page
,Free look provision allow how many days to examine the policy? - CORRECT
ANSWER ✔✔- 10 days starting withe the day the policy is delivered
Notice of hearing must be sent at least... - CORRECT ANSWER ✔✔- 10 days
prior to the scheduled hearing dates
A company must respond to the request for the reason why an adverse decision
was made within - CORRECT ANSWER ✔✔- 21 business days
Replacing life insurance policies requires how many day long free look policy? -
CORRECT ANSWER ✔✔- 30 days
How many days to answer disputed information? - CORRECT ANSWER ✔✔- 30
business days
Within how many days must the death benefits be paid? - CORRECT ANSWER
✔✔- 30 days after receiving the death notice
What happens if the death benefits are not paid on time? - CORRECT ANSWER
✔✔- The company must pay interests on the payout
What must happen if a person leaves the state? - CORRECT ANSWER ✔✔- They
must turn in their license within 30 days of terminating residency
How many days to file new appointment? - CORRECT ANSWER ✔✔- 30 days
2|Page
,How many days to file the cancellation of an appointment? - CORRECT
ANSWER ✔✔- 30 days
Conversion from a group plan to individual must be made within ______ days
from the termination of the group - CORRECT ANSWER ✔✔- 31 days
If an employee's termination is permanent, the coverage under the group life plan
will continue for ___ days. - CORRECT ANSWER ✔✔- 31 days
The grace period for industrial life insurance that is - CORRECT ANSWER ✔✔-
20 days or four weeks for weekly premium policies, and 31 days for monthly
premiums
The certified holders must be notified if the insurance fiduciary is going to stop
paying the premiums how many days in advance? - CORRECT ANSWER ✔✔- 45
days
How many days are permitted between an IRA rollover? - CORRECT ANSWER
✔✔- Within 60 days
How often are IRA rollovers permitted? - CORRECT ANSWER ✔✔- One per
year
How many days does a person have to request a reason for an adverse underwriting
decision? - CORRECT ANSWER ✔✔- 90 business days
Death by an accident must occur within how many days to pay extra for the
accidental death benefit? - CORRECT ANSWER ✔✔- 90 days
3|Page
, A temporary card is good for how many days? - CORRECT ANSWER ✔✔- 180
days
How many months in a group policy stipulate that in order for person to be able to
exercise his conversion privileges must be covered? - CORRECT ANSWER ✔✔-
Three consecutive months
Applications for life insurance can be backdated for how many months? -
CORRECT ANSWER ✔✔- Six months
Policy loans can be deferred up to how many months? - CORRECT ANSWER
✔✔- Six months
How many months is a person required to be disabled before the premiums are
waived under the waiver of premium provision? - CORRECT ANSWER ✔✔- Six
months
The time limit for avoiding a policy or denying the claim due to the concealment is
usually how many years? - CORRECT ANSWER ✔✔- Two years
Suicide is usually excluded up to the first ____ years and I life-insurance policy? -
CORRECT ANSWER ✔✔- Two years
Premiums will be refunded if the death occurs within how many years? -
CORRECT ANSWER ✔✔- Two years
4|Page
