Delaware Life Producer FINAL TEST BANK EXAM
STUDY //UPDATED QUESTIONS AND 100% VERIFIED
ANSWERS COMPLETE ALREADY RATED A+.
EXAM BANK TEST QUESTIONS VERIFIED ANSWERS GRADED A+
1. A(n) _ may also perform the duties of a
producer
consultant.
2. What is an example of a producer's implied
Collecting premiums
authority?
3. The Commissioner may suspend or revoke a
keeping premiums owed to the insurer
producer's license for
4. An insurer is charged _ for submitting an
application for a certificate of authority in $700
Delaware.
making a political contribution to any
5. In Delaware, an insurer is prohibited from candidate for the office of the
Commissioner.
,6. Which of the following is the reimbursement
of benefits for the treatment of a beneficiary's Subrogation
injuries caused by a third party?
7. The clause is an Accident and Health policy Insuring clause... it states the amount of
which defines the benefit amounts the insurer benefits to be paid in an Accident and
will pay is called the Health policy
8. Which of the following is NOT an example allowing premiums to be submitted
of a producer's breach of fiduciary duty? electronically
9. Which health policy clause stipulates that an
insurance company must attach a copy of the
Entire Contract
application to the policy to ensure that it is
part of the contract?
10. What percentage of employees must
participate in a noncontributory group life 100%
insurance plan?
11. A licensee's business records must be
maintained and made available for inspection 3 years
by the Commissioner for a period of
12. When an existing life insurance policy is
Notice Regarding Replacement of Life
being reissued with a reduction in cash value,
Insurance or Annuity
the producer must sign the
,13. Which of the following statements about A debtor may use existing coverage
Credit Life insurance is true? already in force
14. Long-Term Care insurance provides custodial
perform activities of daily living
coverage in the event an insured cannot
15. A producer must report a change in address
30 days
to the Commissioner within
16. E&O (Errors and Omissions) insurance
producer against disgruntled clients
protects a(n)
17. To maintain continued coverage for a
newborn under an accident and sickness
policy, the policy owner must provide
Thirty-one
notification of birth and payment of premium
to the insurance company within a
MAXIMUM of how many days after birth?
producer contracts... it does include
18. Market Conduct examinations include all of
underwriting, marketing tactics, and
these areas EXCEPT
advertising
19. What is the basics of a producer's fiduciary Collecting premiums and paying them to
responsibility? the insurance company
20. What action by a producer can be considered Splitting commissions with a
rebating? policyholder who has purchased
, additional coverage
21. What is required for HIV testing of an
The applicant's written consent
applicant?
license fees... it does cover good moral
22. Ethics does NOT cover
standing, suitability, and client's needs.
23. The Commissioner must give _ days written
notice prior to holding a hearing regarding a
20 days
producer's violation of an unfair trade
practice.
24. When an insurance company sends a policy
to the insured with an attached application,
the element that makes the application part of Entire Contract provision
the contract between the insured and the
insurer is called the
25. Benefits from a Credit Life or Disability
Creditor
policy are paid to the
Coverage will be adjusted to reflect the
26. What statement regarding the Misstatement
insured's true age if a misstatement of
of Age provision is considered to be true?
age is discovered
STUDY //UPDATED QUESTIONS AND 100% VERIFIED
ANSWERS COMPLETE ALREADY RATED A+.
EXAM BANK TEST QUESTIONS VERIFIED ANSWERS GRADED A+
1. A(n) _ may also perform the duties of a
producer
consultant.
2. What is an example of a producer's implied
Collecting premiums
authority?
3. The Commissioner may suspend or revoke a
keeping premiums owed to the insurer
producer's license for
4. An insurer is charged _ for submitting an
application for a certificate of authority in $700
Delaware.
making a political contribution to any
5. In Delaware, an insurer is prohibited from candidate for the office of the
Commissioner.
,6. Which of the following is the reimbursement
of benefits for the treatment of a beneficiary's Subrogation
injuries caused by a third party?
7. The clause is an Accident and Health policy Insuring clause... it states the amount of
which defines the benefit amounts the insurer benefits to be paid in an Accident and
will pay is called the Health policy
8. Which of the following is NOT an example allowing premiums to be submitted
of a producer's breach of fiduciary duty? electronically
9. Which health policy clause stipulates that an
insurance company must attach a copy of the
Entire Contract
application to the policy to ensure that it is
part of the contract?
10. What percentage of employees must
participate in a noncontributory group life 100%
insurance plan?
11. A licensee's business records must be
maintained and made available for inspection 3 years
by the Commissioner for a period of
12. When an existing life insurance policy is
Notice Regarding Replacement of Life
being reissued with a reduction in cash value,
Insurance or Annuity
the producer must sign the
,13. Which of the following statements about A debtor may use existing coverage
Credit Life insurance is true? already in force
14. Long-Term Care insurance provides custodial
perform activities of daily living
coverage in the event an insured cannot
15. A producer must report a change in address
30 days
to the Commissioner within
16. E&O (Errors and Omissions) insurance
producer against disgruntled clients
protects a(n)
17. To maintain continued coverage for a
newborn under an accident and sickness
policy, the policy owner must provide
Thirty-one
notification of birth and payment of premium
to the insurance company within a
MAXIMUM of how many days after birth?
producer contracts... it does include
18. Market Conduct examinations include all of
underwriting, marketing tactics, and
these areas EXCEPT
advertising
19. What is the basics of a producer's fiduciary Collecting premiums and paying them to
responsibility? the insurance company
20. What action by a producer can be considered Splitting commissions with a
rebating? policyholder who has purchased
, additional coverage
21. What is required for HIV testing of an
The applicant's written consent
applicant?
license fees... it does cover good moral
22. Ethics does NOT cover
standing, suitability, and client's needs.
23. The Commissioner must give _ days written
notice prior to holding a hearing regarding a
20 days
producer's violation of an unfair trade
practice.
24. When an insurance company sends a policy
to the insured with an attached application,
the element that makes the application part of Entire Contract provision
the contract between the insured and the
insurer is called the
25. Benefits from a Credit Life or Disability
Creditor
policy are paid to the
Coverage will be adjusted to reflect the
26. What statement regarding the Misstatement
insured's true age if a misstatement of
of Age provision is considered to be true?
age is discovered
