Online Access Free Life-Producer Exam Questions

If an insurer knowingly fails to enforce a policy provision on one occasion, the insurer may be prevented from enforcing it on a subsequent occasion by the principle of:

• A.Estoppel
• B.Subrogation
• C.Adhesion
• D.Waiver

A valid contract requires all of the following EXCEPT:

• A.Offer and acceptance
• B.Written evidence
• C.Consideration
• D.Competent parties

An insurer may refuse to underwrite a particular insurance applicant for a reason based wholly on:

• A.Creed
• B.Race
• C.Gender
• D.Medical condition

A transaction in which a new life insurance policy is purchased, and an existing life insurance policy is surrendered is called:

• A.Reinvestment
• B.Rollover
• C.Replacement
• D.Nonforfeiture

An insurance producer who conducts business under an assumed or fictitious name must:

• A.Apply for an additional license
• B.File the name with the Insurance Administration
• C.Post a $10,000 bond
• D.Apply for an additional appointment