MISSOURI LAWS AND RULES PERTINENT TO
INSURANCE EXAM 2025/2026 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |CURRENTLY TESTING
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST|BRAND NEW VERSION
!!|GUARANTEED PASS
A life policy loan in Missouri cannot charge a fixed rate of interest higher than
8%
What must a producer sign when an existing life insurance policy is being reissued with a
reduction in cash value?
Notice regarding replacement
Which unfair trade practice involves making false statement about the financial condition of
another insurance company?
Defamation
An example of an unfair claims settlement practice is
turning down a claim by providing the bases of denial
Who may assign benefits from a group life insurance policy?
insured
Jay's application for a producer's license has been denied. He may request a hearing within ___
days after receipt of the denial.
30
A hearing must be held before a producer's license can be suspended or revoked. Prior to the
hearing, the director is required to give
written notice to the producer
1|Page
, The Director of insurance is authorized
enforce state laws relating to insurance
Which of the following is considered to be misrepresentations?
A producer guaranteeing a policy's dividends.
Insured in the same risk classification are being charged different premiums by an insurance
company. The insurer is committing the illegal act of
Unfair discrimination
Convincing a prospective insured to buy an insurance policy based on exaggerations is called
misrepresentation
A blank authority permits an insurance company to transact business in Missouri
certificate
Which of the following is considered a producer' fiduciary responsibility?
collect premiums an remit to the insurance company as reasonably possible
An example of an unfair claims practice would be
failing to effectuate prompt, fair, and equitable settlements of a claim
When an employee is terminated, how long does this employee have to convert group life
coverage to an individual plan?
31 days
BLANK can be defined as making an unfair comparison of two insurance policies
misrepresentation
which Unfair Trade involves a a producer suggesting that an insurance policy is like a share of
stock?
misrepresentation
After a life insurance policy had been in force for a maximum of BLANK year(S), it becomes
incontestable
2
2|Page
INSURANCE EXAM 2025/2026 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |CURRENTLY TESTING
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST|BRAND NEW VERSION
!!|GUARANTEED PASS
A life policy loan in Missouri cannot charge a fixed rate of interest higher than
8%
What must a producer sign when an existing life insurance policy is being reissued with a
reduction in cash value?
Notice regarding replacement
Which unfair trade practice involves making false statement about the financial condition of
another insurance company?
Defamation
An example of an unfair claims settlement practice is
turning down a claim by providing the bases of denial
Who may assign benefits from a group life insurance policy?
insured
Jay's application for a producer's license has been denied. He may request a hearing within ___
days after receipt of the denial.
30
A hearing must be held before a producer's license can be suspended or revoked. Prior to the
hearing, the director is required to give
written notice to the producer
1|Page
, The Director of insurance is authorized
enforce state laws relating to insurance
Which of the following is considered to be misrepresentations?
A producer guaranteeing a policy's dividends.
Insured in the same risk classification are being charged different premiums by an insurance
company. The insurer is committing the illegal act of
Unfair discrimination
Convincing a prospective insured to buy an insurance policy based on exaggerations is called
misrepresentation
A blank authority permits an insurance company to transact business in Missouri
certificate
Which of the following is considered a producer' fiduciary responsibility?
collect premiums an remit to the insurance company as reasonably possible
An example of an unfair claims practice would be
failing to effectuate prompt, fair, and equitable settlements of a claim
When an employee is terminated, how long does this employee have to convert group life
coverage to an individual plan?
31 days
BLANK can be defined as making an unfair comparison of two insurance policies
misrepresentation
which Unfair Trade involves a a producer suggesting that an insurance policy is like a share of
stock?
misrepresentation
After a life insurance policy had been in force for a maximum of BLANK year(S), it becomes
incontestable
2
2|Page
