Tennessee Life and Health Insurance Exam Study Guide questions and answers well illustrated.

Tennessee Life and Health Insurance Exam Study Guide questions and answers well illustrated. C. 30 - correct answers.The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 C. Business entity - correct answers.A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broker B. 18 - correct answers.An individual applying for an insurance license in Tennessee must be no younger than what age? A. 16 B. 18 C. 21 D. 25 A. 5 - correct answers.The commissioner must notify an insurer within _____ days of determining that a producer is ineligible for appointment. A. 5 B. 7 C. 10 D. 15 C. 30 - correct answers.Any change of address must be reported to the Commissioner within _____ days. A. 10 B. 21 C. 30 D. 31 B. 20 - correct answers.Candidates for an insurance producer's license in Tennessee must complete how many hours or prelicensing education per line of authority? A. 10 B. 20 C. 40 D. 80 B. 180 - correct answers.A temporary license issued to a representative of a licensed producer who dies or becomes disabled is valid for up to how many days? A. 120 B. 180 C. 240 D. 360 C. 24 - correct answers.A license is valid for _____ months unless revoked or suspended. A. 12 B. 18 C. 24 D. 36 A. 24 - correct answers.How many hours of Continuing Education must a licensed producer in Tennessee complete every 2 years? A. 24 B. 36 C. 45 D. 60 D. 31 - correct answers.If the Commissioner denies a license application for failure to pay child support, the Commissioner must notify the applicant of such denial within ____ days. A. 10 B. 15 C. 30 D. 31 B. Unfair discrimination - correct answers.Charging different rates ti insureds of the same class or hazard company is considered which of the following unfair trade practices? A. Boycotting B. Unfair discrimination C. Rebating D. Defamation D. Boycott, coercion and intimidation - correct answers.If a bank will not grant a loan unless the borrower buys insurance from a specific company, the bank and insurer are guilty of which of the following unfair trade practices? A. Defamation B. Unfair discrimination C. Rebating D. Boycott, coercion and intimidation C. Rebating - correct answers.What unfair and prohibited practice involves the offer of a special premium or favor as an incentive to purchase insurance? A. Coercion B. Unfair discrimination C. Rebating D. Boycott, coercion and intimidation A. Defamation - correct answers.A producer tells an applicant for insurance that a competitor insurer is in dire financial straits, and may not be able to honor its claims obligations. Which unfair trade practice has the producer committed? A. Defamation B. Unfair discrimination C. Rebating D. Boycott, coercion and intimidation D. Misrepresenting material facts or provisions relating to coverage at issue - correct answers.It is an unfair claim settlement practice to knowingly: A. Promptly settle claims B. Pay claims without conducting a reasonable investigation C. Provide an accurate explanation for claim details D. Misrepresenting material facts or provisions relating to coverage at issue C. Illegally replace a life policy - correct answers.It is an unfair trade practice to: A. File a material misstatement about a person's financial condition or business B. Keep a complete record of all complaints received since an insurer's last examination date C. Illegally replace a life policy D. Filing with the Commissioner the policy and certificate for the sale of LTC insurance B. $300,000 - correct answers.The Tennessee Life and Health Guaranty Association will pay up to how much in death benefits for one life? A. $200,000 B. $300,000 C. $400,000 D. $500,000 B. Equivalent Level Death Benefit - correct answers.The average annual guaranteed death benefit over the life of the policy is the definition of: A. Cash dividend B. Equivalent Level Death Benefit C. Generic Name D. Life Insurance Net Payment Cost Index C. 20 - correct answers.For replacement life policies, the free look period must be at least _____ days. A. 7 B. 10 C. 20 D. 30 D. 60 - correct answers.Death benefits must be paid within _____ days after the insurer receives the proof of death. A. 30 B. 31 C. 45 D. 60 A. 2 - correct answers.The insurer is not liable of the insured, whether sane or insane, commits suicide within the first _____ years the policy is in force. A. 2 B. 3 C. 4 D. 5 C. The Commissioner - correct answers.Who must approve a Buyer's guide before use? A. The Insurer B. The Insured C. The Commissioner D. The Annuitant C. A life insurance cost index reflecting dividends or an equivalent level Annual Dividend must disclose that it is based on the insurer's current dividend scale and is not