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Pmc exam overview Questions and
Correct Answers/ Latest Update / Already
Graded
What effect will the long term care rider have on the death benefit of a
life insurance policy If LTC benefits were paid to the insured
Ans: Reduce the death benefit
An insured and his spouse recently had a child which of the following
riders would allow the couple to insure the child for a limited period of
time at a specific amount
Ans: Children's term rider (Lost children to be added to
coverage for a limited period of time for a specific amount)
Which type Insurance policies provides pure life insurance protection
without a savings element
Ans: Term
A licensee fails to earn the required CE credits by the expiration of the
90-day grace period and the license has been terminated for education
how much time does the licensee have to meet the CE requirements to
be considered for license reinstatement?
Ans: 1 year
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Which of the following best defines But unfair trade practices of
rebating
Ans: Offering an inducement or something of value not
specified in the policy
In life insurance underwriting all of the following are true regarding HIV
test except
Ans: Person may be denied coverage based solely on the
presence of HIV
When a whole life policy is surrendered for it's nonforfeiture value what
is the.automatic options
Ans: Extended term
What affect will The long-term care rider have on the death benefit of
the life insurance policy if LTC benefits were paid to the insured
Ans: Reduce death benefit
An annuitant pays the annuity premium on the 14th of each month
which of the following best describes the arrangement
All rights reserved © 2025/ 2026 |
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Ans: Level
An agent tells and ensure that if he replaces his current insurance
policy with a new one his dividends will be higher and his premiums will
be slightly lower the policy however would not offer either one of those
things what type of misrepresentation is being committed
Ans: Twisting
The commissioner has determined that a producer is in eligible for
appointment by an insurer the commissioner must notify the insure
within
Ans: Five days
Who is the annuity owner
Ans: The person who purchases the annuity
All of the following are true of annually renewable term insurance
except...
A)The policy must be renewed no matter what happens to one's health
B) Proof of insurability must be provided at each renewal
All rights reserved © 2025/ 2026 |
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C)The premium increase is each year
D) The death benefit remains level
Ans: Proof of insurability must be provided at each renewal
All the following statements about mutual insurance companies are
correct except.
A) policy dividends issued by mutual companies are guaranteed and
not taxable
B) dividends allow policyholders to share a mutual companies divisible
surplus
C) dividends are return of unused premiums
D) mutual companies issue policies referred to as participating.
Ans: A
All rights reserved © 2025/ 2026 |
Pmc exam overview Questions and
Correct Answers/ Latest Update / Already
Graded
What effect will the long term care rider have on the death benefit of a
life insurance policy If LTC benefits were paid to the insured
Ans: Reduce the death benefit
An insured and his spouse recently had a child which of the following
riders would allow the couple to insure the child for a limited period of
time at a specific amount
Ans: Children's term rider (Lost children to be added to
coverage for a limited period of time for a specific amount)
Which type Insurance policies provides pure life insurance protection
without a savings element
Ans: Term
A licensee fails to earn the required CE credits by the expiration of the
90-day grace period and the license has been terminated for education
how much time does the licensee have to meet the CE requirements to
be considered for license reinstatement?
Ans: 1 year
All rights reserved © 2025/ 2026 |
, Page |2
Which of the following best defines But unfair trade practices of
rebating
Ans: Offering an inducement or something of value not
specified in the policy
In life insurance underwriting all of the following are true regarding HIV
test except
Ans: Person may be denied coverage based solely on the
presence of HIV
When a whole life policy is surrendered for it's nonforfeiture value what
is the.automatic options
Ans: Extended term
What affect will The long-term care rider have on the death benefit of
the life insurance policy if LTC benefits were paid to the insured
Ans: Reduce death benefit
An annuitant pays the annuity premium on the 14th of each month
which of the following best describes the arrangement
All rights reserved © 2025/ 2026 |
, Page |3
Ans: Level
An agent tells and ensure that if he replaces his current insurance
policy with a new one his dividends will be higher and his premiums will
be slightly lower the policy however would not offer either one of those
things what type of misrepresentation is being committed
Ans: Twisting
The commissioner has determined that a producer is in eligible for
appointment by an insurer the commissioner must notify the insure
within
Ans: Five days
Who is the annuity owner
Ans: The person who purchases the annuity
All of the following are true of annually renewable term insurance
except...
A)The policy must be renewed no matter what happens to one's health
B) Proof of insurability must be provided at each renewal
All rights reserved © 2025/ 2026 |
, Page |4
C)The premium increase is each year
D) The death benefit remains level
Ans: Proof of insurability must be provided at each renewal
All the following statements about mutual insurance companies are
correct except.
A) policy dividends issued by mutual companies are guaranteed and
not taxable
B) dividends allow policyholders to share a mutual companies divisible
surplus
C) dividends are return of unused premiums
D) mutual companies issue policies referred to as participating.
Ans: A
All rights reserved © 2025/ 2026 |
