TENNESSEE LIFE INSURANCE EXAM SCRIPT
2026 QUESTIONS AND COMPLETE
SOLUTIONS
◉ C. Answer: All of these are powers of the Commissioner except
A. Hold hearings
B. Enforce insurance laws
C. Incarcerate a producer
D. Issue subpoenas
◉ $25,000 individual whole life policy. Answer: An employee with
$25,000 group term life coverage was recently fired. This employee's
group coverage may be converted to a
◉ B. Answer: The amount of monthly disablility benefits payable
under social security is affected by which of the following factors?
A. Insured's tax bracket
B. Amount of the benefits available from other sources
C. Nature of the Disability
D. Insured's education level
,◉ Term. Answer: A __________ rider may be used to include coverage
for children under their parents' life insurance policy
◉ Conversion. Answer: What group term life feature permits an
individual to depart from the group and continue to be covered
without providing evidence of insurability?
◉ B. Answer: Which of the following types of policies pays a benefit
if the insured goes blind?
A. Universal life
B. AD&D
C. Endowment
D. Adjustable life
◉ the premium cost for basic coverage applied for. Answer: When a
life insurance application is completed, a policy summary must be
given to the applicant. The policy summary must include...
◉ an association or a limited liability company. Answer: A business
entity can be defined as a
◉ D. Answer: Which of the following features of a group Term LIfe
policy enables an individual to leave the group and continue his or
her insurance without providing evidence of insurability?
, A. Owner's Rights clause
B. Incontestable Period
C. Insuring Agreement
D. Conversion privilege
◉ additional death benefits. Answer: A cost of living rider gives the
insured
◉ D. Answer: Which of these is a valid Tennessee regulation for
referral fees?
A. Referral fees can be unlimited in amount
B. If the referral sale involves replacement, the notice regarding
replacement form is not required
C. Referral fees may only be paid in the event a policy is purchased
D. The Commissioner may establish by rule a maximum amount for
each referral
◉ C. Answer: Which of these actions should a producer take when
submitting an insurance application to an insurer?
A. Issue a binding receipt to applicant if no initial premium is
submitted
B. Disclose to the applicant the amount of commissions to be earned
on this transaction
2026 QUESTIONS AND COMPLETE
SOLUTIONS
◉ C. Answer: All of these are powers of the Commissioner except
A. Hold hearings
B. Enforce insurance laws
C. Incarcerate a producer
D. Issue subpoenas
◉ $25,000 individual whole life policy. Answer: An employee with
$25,000 group term life coverage was recently fired. This employee's
group coverage may be converted to a
◉ B. Answer: The amount of monthly disablility benefits payable
under social security is affected by which of the following factors?
A. Insured's tax bracket
B. Amount of the benefits available from other sources
C. Nature of the Disability
D. Insured's education level
,◉ Term. Answer: A __________ rider may be used to include coverage
for children under their parents' life insurance policy
◉ Conversion. Answer: What group term life feature permits an
individual to depart from the group and continue to be covered
without providing evidence of insurability?
◉ B. Answer: Which of the following types of policies pays a benefit
if the insured goes blind?
A. Universal life
B. AD&D
C. Endowment
D. Adjustable life
◉ the premium cost for basic coverage applied for. Answer: When a
life insurance application is completed, a policy summary must be
given to the applicant. The policy summary must include...
◉ an association or a limited liability company. Answer: A business
entity can be defined as a
◉ D. Answer: Which of the following features of a group Term LIfe
policy enables an individual to leave the group and continue his or
her insurance without providing evidence of insurability?
, A. Owner's Rights clause
B. Incontestable Period
C. Insuring Agreement
D. Conversion privilege
◉ additional death benefits. Answer: A cost of living rider gives the
insured
◉ D. Answer: Which of these is a valid Tennessee regulation for
referral fees?
A. Referral fees can be unlimited in amount
B. If the referral sale involves replacement, the notice regarding
replacement form is not required
C. Referral fees may only be paid in the event a policy is purchased
D. The Commissioner may establish by rule a maximum amount for
each referral
◉ C. Answer: Which of these actions should a producer take when
submitting an insurance application to an insurer?
A. Issue a binding receipt to applicant if no initial premium is
submitted
B. Disclose to the applicant the amount of commissions to be earned
on this transaction
