TN LIFE PRODUCER FINAL EXAM 2024 ACTUAL
EXAM COMPLETE ACCURATE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS)
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Terms in this set (101)
An agent needs to 24;2
complete ___ of continuing
education every ___ years.
25;2
24;3
24;2
25;2
,All individuals covered certificate
under a group contract
will receive a(n)
certificate
receipt of coverage
master policy
individual policy
All of the following are Bilateral
considered to be typical
characteristics describing
the nature of an insurance
contract, EXCEPT:
Bilateral
Unilateral
Aleatory
Adhesion
All of the following Income derived from the TSA is
statements regarding a Tax received tax-free
Sheltered Annuity (TSA)
are true EXCEPT
Income derived from the
TSA is received income
tax-free
TSA's are available to
public school employees
Contributions to the TSA
are tax-deductible
Interest earned by TSA is
tax deferred
,All of these are Allowing premiums to be submitted electronically
considered a producers
breach of fiduciary duty
EXCEPT:
Misappropriation of
premiums
Conversion of premiums
Improper withholding of
premiums
Allowing premiums to be
submitted electronically
All of these are powers of Incarcerate a producer
The Commissioner
EXCEPT
Hold hearings
Enforce insurance laws
Incarcerate a producer
Issue subpoenas
All of these statements Referral fees must be filed and
regarding referrals are approved with the
true EXCEPT Commissioner of Insurance
-The Commissioner may
establish by rule a
maximum amount for each
referral
-The person making the
referral may not discuss
the specific policy terms
and conditions
-Referral fees may not be
tied to the purchase of a
policy
-Referral fees must be
filed and approved with
the Commissioner of
Insurance
, The amount of coverage The insured's total loan value
on a group credit life
policy is limited to:
Half of the insured's total
loan value
The insured's total loan
value
75% of the insured's total
loan value
$25,000
A(n) _______ ________ Life Variable Universal
policy combines
investment choices with a
form of Term coverage:
Straight Whole
Variable Universal
Variable Term
Adjustable Universal
An architecture firm would Key Person insurance
stand to lose a lot of
money in the event of the
death of its project
manager. Which type of
policy should the firm
purchase on its project
manager?
Universal Life insurance
Key Person insurance
Graded insurance
Executive insurance
EXAM COMPLETE ACCURATE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS)
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (101)
An agent needs to 24;2
complete ___ of continuing
education every ___ years.
25;2
24;3
24;2
25;2
,All individuals covered certificate
under a group contract
will receive a(n)
certificate
receipt of coverage
master policy
individual policy
All of the following are Bilateral
considered to be typical
characteristics describing
the nature of an insurance
contract, EXCEPT:
Bilateral
Unilateral
Aleatory
Adhesion
All of the following Income derived from the TSA is
statements regarding a Tax received tax-free
Sheltered Annuity (TSA)
are true EXCEPT
Income derived from the
TSA is received income
tax-free
TSA's are available to
public school employees
Contributions to the TSA
are tax-deductible
Interest earned by TSA is
tax deferred
,All of these are Allowing premiums to be submitted electronically
considered a producers
breach of fiduciary duty
EXCEPT:
Misappropriation of
premiums
Conversion of premiums
Improper withholding of
premiums
Allowing premiums to be
submitted electronically
All of these are powers of Incarcerate a producer
The Commissioner
EXCEPT
Hold hearings
Enforce insurance laws
Incarcerate a producer
Issue subpoenas
All of these statements Referral fees must be filed and
regarding referrals are approved with the
true EXCEPT Commissioner of Insurance
-The Commissioner may
establish by rule a
maximum amount for each
referral
-The person making the
referral may not discuss
the specific policy terms
and conditions
-Referral fees may not be
tied to the purchase of a
policy
-Referral fees must be
filed and approved with
the Commissioner of
Insurance
, The amount of coverage The insured's total loan value
on a group credit life
policy is limited to:
Half of the insured's total
loan value
The insured's total loan
value
75% of the insured's total
loan value
$25,000
A(n) _______ ________ Life Variable Universal
policy combines
investment choices with a
form of Term coverage:
Straight Whole
Variable Universal
Variable Term
Adjustable Universal
An architecture firm would Key Person insurance
stand to lose a lot of
money in the event of the
death of its project
manager. Which type of
policy should the firm
purchase on its project
manager?
Universal Life insurance
Key Person insurance
Graded insurance
Executive insurance
