Missouri Life and Health
Insurance Practice Exam
Questions and answers 2025
1. Which of the following is required for an applicant to receive a Missouri life
insurance policy?
a) Proof of age
b) A signed application
c) Payment of premium
d) All of the above
2. In Missouri, who is responsible for the payment of insurance premiums?
a) The policyholder
b) The insurance agent
c) The insurance company
d) The state
3. Which of the following best describes a "guaranteed renewable" health
insurance policy?
a) The insurer can cancel the policy at any time
b) The insurer can increase premiums without notice
c) The policyholder can renew the policy but premiums may increase
d) The policy can be canceled by the policyholder at any time
,4. In Missouri, the minimum age for a person to sign an insurance contract is:
a) 18
b) 15
c) 21
d) 16
5. Which of the following is NOT considered a non-forfeiture option for a life
insurance policy in Missouri?
a) Cash surrender value
b) Automatic premium loan
c) Reduced paid-up insurance
d) Extended term insurance
6. The Missouri Life and Health Insurance Guaranty Association protects
policyholders by:
a) Ensuring policies are paid in full after an insurance company’s insolvency
b) Protecting policyholders against financial losses from insolvent insurers
c) Providing reinsurance to insurance companies
d) Offering premium discounts to policyholders
7. When a health insurance policy is issued, it must provide a free look period of
at least:
a) 7 days
b) 10 days
c) 30 days
d) 14 days
8. Which of the following types of life insurance policies has the potential to
accumulate cash value?
a) Whole life insurance
b) Term life insurance
c) Accident-only life insurance
d) Decreasing term insurance
, 9. A life insurance policy in Missouri must have an incontestability clause that is
effective after how many years?
a) 1 year
b) 2 years
c) 3 years
d) 5 years
10. What is the purpose of the Missouri Life and Health Insurance Guaranty
Association?
a) To protect policyholders from the insolvency of an insurer
b) To oversee insurance premiums for life policies
c) To enforce the claims process for life insurance policies
d) To regulate health insurance rates in Missouri
11. Which of the following is true regarding the insurability of applicants under
Missouri law?
a) Applicants can only be denied coverage due to pre-existing conditions
b) An applicant can be denied based on their health status if they are over the age
of 60
c) An applicant’s health status cannot be used as the sole reason for denying
coverage
d) Applicants are denied coverage only if they have a criminal record
12. What is the Missouri state-required minimum number of continuing
education hours for life and health insurance agents?
a) 16 hours
b) 20 hours
c) 12 hours
d) 24 hours
13. A Missouri life insurance policyholder can change their beneficiary:
a) At any time, unless the beneficiary is irrevocable
b) Only with the beneficiary’s permission
c) Only once per year
d) Only when the policyholder turns 50
Insurance Practice Exam
Questions and answers 2025
1. Which of the following is required for an applicant to receive a Missouri life
insurance policy?
a) Proof of age
b) A signed application
c) Payment of premium
d) All of the above
2. In Missouri, who is responsible for the payment of insurance premiums?
a) The policyholder
b) The insurance agent
c) The insurance company
d) The state
3. Which of the following best describes a "guaranteed renewable" health
insurance policy?
a) The insurer can cancel the policy at any time
b) The insurer can increase premiums without notice
c) The policyholder can renew the policy but premiums may increase
d) The policy can be canceled by the policyholder at any time
,4. In Missouri, the minimum age for a person to sign an insurance contract is:
a) 18
b) 15
c) 21
d) 16
5. Which of the following is NOT considered a non-forfeiture option for a life
insurance policy in Missouri?
a) Cash surrender value
b) Automatic premium loan
c) Reduced paid-up insurance
d) Extended term insurance
6. The Missouri Life and Health Insurance Guaranty Association protects
policyholders by:
a) Ensuring policies are paid in full after an insurance company’s insolvency
b) Protecting policyholders against financial losses from insolvent insurers
c) Providing reinsurance to insurance companies
d) Offering premium discounts to policyholders
7. When a health insurance policy is issued, it must provide a free look period of
at least:
a) 7 days
b) 10 days
c) 30 days
d) 14 days
8. Which of the following types of life insurance policies has the potential to
accumulate cash value?
a) Whole life insurance
b) Term life insurance
c) Accident-only life insurance
d) Decreasing term insurance
, 9. A life insurance policy in Missouri must have an incontestability clause that is
effective after how many years?
a) 1 year
b) 2 years
c) 3 years
d) 5 years
10. What is the purpose of the Missouri Life and Health Insurance Guaranty
Association?
a) To protect policyholders from the insolvency of an insurer
b) To oversee insurance premiums for life policies
c) To enforce the claims process for life insurance policies
d) To regulate health insurance rates in Missouri
11. Which of the following is true regarding the insurability of applicants under
Missouri law?
a) Applicants can only be denied coverage due to pre-existing conditions
b) An applicant can be denied based on their health status if they are over the age
of 60
c) An applicant’s health status cannot be used as the sole reason for denying
coverage
d) Applicants are denied coverage only if they have a criminal record
12. What is the Missouri state-required minimum number of continuing
education hours for life and health insurance agents?
a) 16 hours
b) 20 hours
c) 12 hours
d) 24 hours
13. A Missouri life insurance policyholder can change their beneficiary:
a) At any time, unless the beneficiary is irrevocable
b) Only with the beneficiary’s permission
c) Only once per year
d) Only when the policyholder turns 50
