TENNESSEE LIFE INSURANCE EXAM
QUESTIONS AND ANSWERS 100% PASS
2026 UPDATE.
When does the Free-Look provision for health insurance begin? - ANS The Free-Look
provision of any health policy begins the date the policy is delivered to the insured.
When a corporation gets a group accident and health policy for it's employees, who gets the
policy issued to them and who gets a certificate? - ANS The company gets the policy issued to
them and each employee must be issued a certificate.
A producer MUST leave a buyers guide with an applicant for which type of policy? -
ANS Universal Life Insurance
A licensed producer can be BEST described as a(n):
A: administrator answering calls for an insurance agency
B: underwriting officer of an insurance company
C: individual who places insurance on behalf of anyone seeking insurance
D: someone who places insurance advertisements in a newspaper - ANS C: individual who
places insurance on behalf of anyone seeking insurance
When a life insurance application is completed, a Policy Summary must be given to the
applicant. The Policy Summary MUST include:
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,A: the producer's address
B: The premium cost for basic coverage applied for
C: cash value rate
D: the insurer's AM Best rating - ANS B: The premium cost for basic coverage applied for
A producer needs to complete ___ hours of continuing education every __ years. - ANS 24
hours of continuing education every 2 years
All of these are powers of the Commissioner EXCEPT:
A: Issue subpoenas
B: Enforce insurance laws
C: Incarcerate a producer
D: Hold hearings - ANS C: Incarcerate a producer
An insurance producer could be found guilty of rebating by doing what? - ANS Sharing
commissions with a client who has purchased insurance.
B is an insurance producer who occasionally engages in financial planning. If B sells an insurance
policy during the course of a financial planning seminar, B must disclose to the client:
A: How old B was when the producer license was obtained
B: the examination score received on B's licensing exam
C: that a commission will be earned in addition to any fee charged for financial planning
D: which states B is also licensed in - ANS C: that a commission will be earned in addition to
any fee charged for financial planning
How long is a temporary license valid? - ANS 180 days
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,How often must the Commissioner examine each domestic company?
Which of the following?
Every 2, 3, 4, or 5 years? - ANS Every 5 years
In Tennessee, a(n) _____ insurance company is one formed under the laws of a state outside of
Tennessee.
A: captive
B: foreign
C: domestic
D: alien - ANS B: Foreign
In Tennessee, the definition of "individual" may include which of the following?
A: The individual's children
B: The individual's legal representative
C: The individual's business associates
D: The individual's financial accounts - ANS B: The individual's legal representative
In Tennessee, the MAXIMUM fine that the Commissioner can impose on a producer is _____
per violation. - ANS $1,000
Insurance contracts may be sold, solicited, or negotiated by an insurance producer ONLY upon:
A: becoming an appointed producer of an insurer
B: applying for licensure
C: issuance of license
D: passing the licensure examination - ANS A: becoming an appointed producer of an insurer
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, J applies for an insurance policy. What BEST describes the particular terms of this policy?:
A: Provisional Page
B: AM Best Statement
C: Buyer's Guide
D: Policy Summary - ANS D: Policy Summary
The Commissioner notifies the association of an insolvent insurer no later than __ days after
receiving notice of the insurer's insolvency.
A: 3
B: 30
C: 10
D: 5 - ANS A: 3 days
The Insurance Commissioner is REQUIRED to do which of the following before holding a hearing
that could lead to the suspension of a producer's license:
A: Give written AND oral notice to the producer
B: Give oral notice to the producer's insurance company
C: Give written AND oral notice to the producer's insurance company
D: Give written notice to the producer - ANS D: Give written notice to the producer
The Tennessee Guaranty Association is subject to review and regulation by the Commissioner. A
financial statement must be submitted no later than ____ of each year:
A: January 3rd
B: April 30th
C: February 13th
D: March 30th - ANS D: March 30th
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS 100% PASS
2026 UPDATE.
When does the Free-Look provision for health insurance begin? - ANS The Free-Look
provision of any health policy begins the date the policy is delivered to the insured.
When a corporation gets a group accident and health policy for it's employees, who gets the
policy issued to them and who gets a certificate? - ANS The company gets the policy issued to
them and each employee must be issued a certificate.
A producer MUST leave a buyers guide with an applicant for which type of policy? -
ANS Universal Life Insurance
A licensed producer can be BEST described as a(n):
A: administrator answering calls for an insurance agency
B: underwriting officer of an insurance company
C: individual who places insurance on behalf of anyone seeking insurance
D: someone who places insurance advertisements in a newspaper - ANS C: individual who
places insurance on behalf of anyone seeking insurance
When a life insurance application is completed, a Policy Summary must be given to the
applicant. The Policy Summary MUST include:
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,A: the producer's address
B: The premium cost for basic coverage applied for
C: cash value rate
D: the insurer's AM Best rating - ANS B: The premium cost for basic coverage applied for
A producer needs to complete ___ hours of continuing education every __ years. - ANS 24
hours of continuing education every 2 years
All of these are powers of the Commissioner EXCEPT:
A: Issue subpoenas
B: Enforce insurance laws
C: Incarcerate a producer
D: Hold hearings - ANS C: Incarcerate a producer
An insurance producer could be found guilty of rebating by doing what? - ANS Sharing
commissions with a client who has purchased insurance.
B is an insurance producer who occasionally engages in financial planning. If B sells an insurance
policy during the course of a financial planning seminar, B must disclose to the client:
A: How old B was when the producer license was obtained
B: the examination score received on B's licensing exam
C: that a commission will be earned in addition to any fee charged for financial planning
D: which states B is also licensed in - ANS C: that a commission will be earned in addition to
any fee charged for financial planning
How long is a temporary license valid? - ANS 180 days
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,How often must the Commissioner examine each domestic company?
Which of the following?
Every 2, 3, 4, or 5 years? - ANS Every 5 years
In Tennessee, a(n) _____ insurance company is one formed under the laws of a state outside of
Tennessee.
A: captive
B: foreign
C: domestic
D: alien - ANS B: Foreign
In Tennessee, the definition of "individual" may include which of the following?
A: The individual's children
B: The individual's legal representative
C: The individual's business associates
D: The individual's financial accounts - ANS B: The individual's legal representative
In Tennessee, the MAXIMUM fine that the Commissioner can impose on a producer is _____
per violation. - ANS $1,000
Insurance contracts may be sold, solicited, or negotiated by an insurance producer ONLY upon:
A: becoming an appointed producer of an insurer
B: applying for licensure
C: issuance of license
D: passing the licensure examination - ANS A: becoming an appointed producer of an insurer
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, J applies for an insurance policy. What BEST describes the particular terms of this policy?:
A: Provisional Page
B: AM Best Statement
C: Buyer's Guide
D: Policy Summary - ANS D: Policy Summary
The Commissioner notifies the association of an insolvent insurer no later than __ days after
receiving notice of the insurer's insolvency.
A: 3
B: 30
C: 10
D: 5 - ANS A: 3 days
The Insurance Commissioner is REQUIRED to do which of the following before holding a hearing
that could lead to the suspension of a producer's license:
A: Give written AND oral notice to the producer
B: Give oral notice to the producer's insurance company
C: Give written AND oral notice to the producer's insurance company
D: Give written notice to the producer - ANS D: Give written notice to the producer
The Tennessee Guaranty Association is subject to review and regulation by the Commissioner. A
financial statement must be submitted no later than ____ of each year:
A: January 3rd
B: April 30th
C: February 13th
D: March 30th - ANS D: March 30th
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
