TENNESSEE LIFE AND HEALTH INSURANCE LICENSE EXAM STUDY
GUIDE 2025 QUESTIONS WITH ANSWERS GUARANTEE A+
✔✔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?
1.January 3rd
2.February 13th
3.March 30th
4.April 30th - ✔✔March 30th
✔✔When engaged in an insurance transaction in Tennessee, the producer represents
the:
1.insured
2.Commissioner
3.beneficiary
4.insurer - ✔✔4. insurer
✔✔In Tennessee, a(n) ____ insurance company is formed under the laws of a state
outside of Tennessee.
1.alien
2.domestic
3.foreign
4.captive - ✔✔3. Foreign
✔✔When a life insurance application is completed, a Policy Summary must be given to
the applicant. The policy summary MUST include:
1.the insurers AM best rating
2.the producers address
3.cash value rate
4.the premium cost for basic coverage applied for - ✔✔4. The premium cost for basic
coverage applied for
✔✔How long is a temporary license valid?
1.45 days
2.90 days
3.120 days
4.180 days - ✔✔4. 180 days
✔✔Which of the following would best describe the actions of an insurer who promises
the cheapest premium rates in the United States:
1.Rebating
2.Defamation
3.Sliding
4.False advertising - ✔✔4. False Advertising
, ✔✔A Long-Term care policy sold in Tennessee MUST be?
1.conditionally renewable
2.optionally renewable
3.guaranteed renewable
4.noncancellable - ✔✔3. Guaranteed Renewable
✔✔If an insurance producer applicant is required to pass a written examination, what is
also required?
1.a finger print based criminal background check
2.a college degree
3.applicant is at least 21 years old
4.the applicants credit report - ✔✔1. a finger print based criminal background check
✔✔Which of these is a valid Tennessee regulation for referral fees?
1.referral fees can be unlimited in amount
2.if the referral sale involves replacement, the Notice Regarding Replacement for is not
required.
3. referral fees may only be paid in the event a policy is purchased
4.the Commissioner may establish by rule a maximum amount for each referral - ✔✔4.
The Commissioner may establish by rule a maximum amount for each referral.
✔✔What is the maximum fine that can be imposed by the Commissioner to a producer
who violates an insurance law? - ✔✔$1,000
✔✔Which of the following is NOT a requirement to sell, solicit, or negotiate Long-Term
care insurance?
1.Be a licensed producer for life and health
2.complete a one-time 8 hour Long-term care specific training course
3.Complete 4 hour of Long-Term care continuing education
4. complete a one-time 4 hour course on estate planning - ✔✔4. Complete a one-time 4
hour course on estate planning
✔✔The Commissioner notifies the association of an insolvent insurer not later than ___
days after receiving notice of the insurers insolvency. - ✔✔3 days
✔✔Unfair discrimination is best describe as:
1. charging a different rate for someone in the same actuarial class
2.charging different policy rates for a 60 year old a 30 year old individual
3.requiring physical exams for all employees to be covered by a company insurance
policy
4.converting group term coverage to an individual whole life policy after the insured has
reached an attained age of 50 - ✔✔charging a different rate for someone in the same
actuarial class
GUIDE 2025 QUESTIONS WITH ANSWERS GUARANTEE A+
✔✔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?
1.January 3rd
2.February 13th
3.March 30th
4.April 30th - ✔✔March 30th
✔✔When engaged in an insurance transaction in Tennessee, the producer represents
the:
1.insured
2.Commissioner
3.beneficiary
4.insurer - ✔✔4. insurer
✔✔In Tennessee, a(n) ____ insurance company is formed under the laws of a state
outside of Tennessee.
1.alien
2.domestic
3.foreign
4.captive - ✔✔3. Foreign
✔✔When a life insurance application is completed, a Policy Summary must be given to
the applicant. The policy summary MUST include:
1.the insurers AM best rating
2.the producers address
3.cash value rate
4.the premium cost for basic coverage applied for - ✔✔4. The premium cost for basic
coverage applied for
✔✔How long is a temporary license valid?
1.45 days
2.90 days
3.120 days
4.180 days - ✔✔4. 180 days
✔✔Which of the following would best describe the actions of an insurer who promises
the cheapest premium rates in the United States:
1.Rebating
2.Defamation
3.Sliding
4.False advertising - ✔✔4. False Advertising
, ✔✔A Long-Term care policy sold in Tennessee MUST be?
1.conditionally renewable
2.optionally renewable
3.guaranteed renewable
4.noncancellable - ✔✔3. Guaranteed Renewable
✔✔If an insurance producer applicant is required to pass a written examination, what is
also required?
1.a finger print based criminal background check
2.a college degree
3.applicant is at least 21 years old
4.the applicants credit report - ✔✔1. a finger print based criminal background check
✔✔Which of these is a valid Tennessee regulation for referral fees?
1.referral fees can be unlimited in amount
2.if the referral sale involves replacement, the Notice Regarding Replacement for is not
required.
3. referral fees may only be paid in the event a policy is purchased
4.the Commissioner may establish by rule a maximum amount for each referral - ✔✔4.
The Commissioner may establish by rule a maximum amount for each referral.
✔✔What is the maximum fine that can be imposed by the Commissioner to a producer
who violates an insurance law? - ✔✔$1,000
✔✔Which of the following is NOT a requirement to sell, solicit, or negotiate Long-Term
care insurance?
1.Be a licensed producer for life and health
2.complete a one-time 8 hour Long-term care specific training course
3.Complete 4 hour of Long-Term care continuing education
4. complete a one-time 4 hour course on estate planning - ✔✔4. Complete a one-time 4
hour course on estate planning
✔✔The Commissioner notifies the association of an insolvent insurer not later than ___
days after receiving notice of the insurers insolvency. - ✔✔3 days
✔✔Unfair discrimination is best describe as:
1. charging a different rate for someone in the same actuarial class
2.charging different policy rates for a 60 year old a 30 year old individual
3.requiring physical exams for all employees to be covered by a company insurance
policy
4.converting group term coverage to an individual whole life policy after the insured has
reached an attained age of 50 - ✔✔charging a different rate for someone in the same
actuarial class
