D Accident and Health Chapter 8: North
Dakota Laws and Rules Exam Questions
and Answers Graded A+
Security laws passed by Congress are enforced by which Federal Agency? -
Correct answer-Security Exchange Commission.
A Buyer's Guide MUST: - Correct answer-Have it's content approved by the
Commissioner.
Life insurance policies sold in North Dakota have a _____ day free-look period. -
Correct answer-20.
A producer license is NOT required when: - Correct answer-Providing referrals.
Insurance crimes which affect interstate commerce are prosecuted by the: - Correct
answer-US Attorney General.
A husband and wife are covered under the husband's group health insurance. If
they divorce, how long would the ex-wife be covered under this plan if she does
not become covered under another health plan? - Correct answer-36 months.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, When can a producer share commission with another producer? - Correct answer-
When the other producer is licensed in the same line of business.
Tim's individual life insurance policy has just recently lapsed. His policy may be
reinstated at anytime within _____ year(s). - Correct answer-3.
An insured may return their accident and health policy within _____ days of policy
delivery. - Correct answer-10.
An individual health insurance policy may be cancelled by phone on or before the
_____ day after policy delivery. - Correct answer-10th.
Benefits for a Medicare Supplement policy: - Correct answer-Must not duplicate
Medicare benefits.
All of the following are typically included in a life insurance policy illustration
EXCEPT:
A) Premium of policy
B) Names of beneficiaries
C) Interest charged for policy loans
D) Cash surrender value in 20 years - Correct answer-B) Names of beneficiaries.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Dakota Laws and Rules Exam Questions
and Answers Graded A+
Security laws passed by Congress are enforced by which Federal Agency? -
Correct answer-Security Exchange Commission.
A Buyer's Guide MUST: - Correct answer-Have it's content approved by the
Commissioner.
Life insurance policies sold in North Dakota have a _____ day free-look period. -
Correct answer-20.
A producer license is NOT required when: - Correct answer-Providing referrals.
Insurance crimes which affect interstate commerce are prosecuted by the: - Correct
answer-US Attorney General.
A husband and wife are covered under the husband's group health insurance. If
they divorce, how long would the ex-wife be covered under this plan if she does
not become covered under another health plan? - Correct answer-36 months.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, When can a producer share commission with another producer? - Correct answer-
When the other producer is licensed in the same line of business.
Tim's individual life insurance policy has just recently lapsed. His policy may be
reinstated at anytime within _____ year(s). - Correct answer-3.
An insured may return their accident and health policy within _____ days of policy
delivery. - Correct answer-10.
An individual health insurance policy may be cancelled by phone on or before the
_____ day after policy delivery. - Correct answer-10th.
Benefits for a Medicare Supplement policy: - Correct answer-Must not duplicate
Medicare benefits.
All of the following are typically included in a life insurance policy illustration
EXCEPT:
A) Premium of policy
B) Names of beneficiaries
C) Interest charged for policy loans
D) Cash surrender value in 20 years - Correct answer-B) Names of beneficiaries.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
