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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| State Law and Regulations | - Insurance producer regulations
|
| Life Insurance | - Life insurance policies
|
| General Insurance Concepts | - Insurance principles and risk management
|
| Accident and Health Insurance | - Health insurance types
|
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
A producer may be guilty of misrepresentation if the producer:
- A. Denied a claim for failure of the policyholder to prove damages
- B. Issued a full settlement check expressly releasing the insurer
- C. Required timely written notice of loss for all claims
- D. Failed to disclose exclusions of the policy
Correct Answer: D 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
The designation of a beneficiary by class in a life insurance policy means that:
- A. Individual beneficiaries are not specified by name
- B. The policy must be a form of business life insurance
- C. A primary beneficiary cannot be designated in the policy
- D. The beneficiaries are unrelated to the insured
Correct Answer: A 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
All of the following are considered to be fraud EXCEPT:
- A. Collecting a charge for insurance that is less than the charge applicable to that insurance
- B. Collecting a proper premium for insurance that is provided
- C. Willfully collecting a premium that exceeds the amount of the premium
- D. Collecting a premium for insurance that is not provided
Correct Answer: B 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
The purpose of regulation of insurance advertising is to do all of the following EXCEPT:
- A. Prevent unfair competition among insurers
- B. Establish minimum standards of conduct
- C. Present an accurate description of insurance to the public
- D. Maintain a low profile for insurance products
Correct Answer: D 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Which activity requires an individual to be licensed as an adviser, rather than as a producer?
- A. Giving advice on policy coverages to an insured
- B. Charging a fee for contracted insurance advisory services
- C. Receiving commissions from an insurance company
- D. Binding insurance coverage with licensed insurers
Correct Answer: B 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).






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