CE TEST QUESTIONS WITH COMPLETE SOLUTIONS
A blended course is Correct Answers 3. A course offered in a
combination of the classroom, self-study correspondence or self-
study online study methods.
A licensed insurer or its agent is allowed to give gifts to
insureds, prospective insureds, and others, for the purpose of
advertising, any article of merchandise so long as its value does
not exceed Correct Answers . $5
2. $10
3. $100
4. $50
A life insurance contract... Correct Answers 1. requires the
parties to be legally capable of making a contract.
2. can be amended and changed by the insured.
3. is "unilateral" in nature, which means the owner must pay
(legally enforceable) the premiums.
4. requires signatures from three references.
A life insurance policy... Correct Answers . is not a contract
because it is regulated by the department of insurance.
2. is not subject to judicial review.
3. forms must be approved by the state department of insurance.
4. must be notarized.
A modified life insurance policy... Correct Answers 1. is a term
life insurance policy.
2. is a whole life policy with early premiums lower than typical
whole life policies.
, 3. premiums remain level throughout the life of the insured.
4. is a policy that changes every month.
A term rider Correct Answers attaches to a life insurance
policy to enhance the benefits.
2. attaches to a life insurance policy at no charge.
3. cannot be canceled without canceling the cash value policy.
4. is required for each section of the policy.
A transfer by the policy owner of all rights in his/her life
insurance policy... Correct Answers ASSIGMENT
A variable life insurance policy Correct Answers 1. has fixed
premiums and a minimum death benefit.
2. is a risk-free investment.
3. is a combination of term insurance and a securities account.
4. has fluctuating premiums.
According to the Policyholders Bill of Rights, policyholders
have all of the following rights, EXCEPT Correct Answers 1.
Right to obtain comprehensive coverage
2. Right to a readable policy
3. Right to competitive pricing practices and marketing methods
4. Right to free insurance coverage (CORRECT
All life insurance policies require premiums be... Correct
Answers 1. fixed.
2. excessive.
3. paid in advance.
4. paid by cashier check.
A blended course is Correct Answers 3. A course offered in a
combination of the classroom, self-study correspondence or self-
study online study methods.
A licensed insurer or its agent is allowed to give gifts to
insureds, prospective insureds, and others, for the purpose of
advertising, any article of merchandise so long as its value does
not exceed Correct Answers . $5
2. $10
3. $100
4. $50
A life insurance contract... Correct Answers 1. requires the
parties to be legally capable of making a contract.
2. can be amended and changed by the insured.
3. is "unilateral" in nature, which means the owner must pay
(legally enforceable) the premiums.
4. requires signatures from three references.
A life insurance policy... Correct Answers . is not a contract
because it is regulated by the department of insurance.
2. is not subject to judicial review.
3. forms must be approved by the state department of insurance.
4. must be notarized.
A modified life insurance policy... Correct Answers 1. is a term
life insurance policy.
2. is a whole life policy with early premiums lower than typical
whole life policies.
, 3. premiums remain level throughout the life of the insured.
4. is a policy that changes every month.
A term rider Correct Answers attaches to a life insurance
policy to enhance the benefits.
2. attaches to a life insurance policy at no charge.
3. cannot be canceled without canceling the cash value policy.
4. is required for each section of the policy.
A transfer by the policy owner of all rights in his/her life
insurance policy... Correct Answers ASSIGMENT
A variable life insurance policy Correct Answers 1. has fixed
premiums and a minimum death benefit.
2. is a risk-free investment.
3. is a combination of term insurance and a securities account.
4. has fluctuating premiums.
According to the Policyholders Bill of Rights, policyholders
have all of the following rights, EXCEPT Correct Answers 1.
Right to obtain comprehensive coverage
2. Right to a readable policy
3. Right to competitive pricing practices and marketing methods
4. Right to free insurance coverage (CORRECT
All life insurance policies require premiums be... Correct
Answers 1. fixed.
2. excessive.
3. paid in advance.
4. paid by cashier check.
