RI PRE-LICENSING LIFE & HEALTH INSURANCE FINAL
STUDY REVIEW 2026 EXAM
QUESTIONS WITH VERIFIED ANSWERS
In the event that an insured's premium is not paid by the due date, the result will be... - answer-
coverage will continue for not more than a maximum of 31 days, beyond which time the policy
will lapse
A Medicare supplement policy may be cancelled for which of the following reasons? - answer-
the insured fails to pay the premium
Which type of insurance company allows their policy owners to elect a governing body? -
answer-mutual
When the insurance commissioner deems the public interest would best be served by the
issuance of a temporary license the commissioner may issue the license for a period - answer-not
to exceed a max of 180 days without requiring an examination
In a life insurance transaction when must the producer disclose the name of the insurer? -
answer-prior to the sales presentation
A life insurance policy owner may sell their policy to a(n) ___________ in order to receive a
percentage of the policy's face value - answer-viatical settlement provider
Variable life products require a producer to - answer-hold a life insurance license and securities
license
In the course of making a sales presentation, a producer may not say ... - answer-the rhode island
guaranty association will protect you
The director of business regulation cannot take which of the following actions? - answer-activate
an insurer's financial reserves
Life and health producers, who hold property casualty authority , are required to complete timely
continuing education credits in order to renew their license. Which of the following requirements
must be satisfied? - answer-total of 24 credit hours in life and health or property casualty. 3 of
which must be in ethics
The director of business regulation may revoke a producer's license upon the finding of... -
answer-sharing of commissions
The dept. Of business regulations may revoke a producer's license for each of the following
offenses except: - answer-violating an insurer's internal control requirements
,Advertisement for accident and health insurance can be considered all of the following except -
answer-company's financial rating
The waiting period for a pre-existing condition under a medicare supplement policy may not go
beyond - answer-6 months
If an application for producer license is denied, the applicant may make a written request for a
hearing to appeal this decision within - answer-30 days
In rhode island, replacement forms are required to be obtained for the replacement of which of
the following - answer-annual renewable term (art) insurance
According to the affordable care act a dependent child's eligibility status is determined by -
answer-age (up until 26)
Defamation may be described as which of the following - answer-brochures the malign the
financial standing of the admitted insurer
Under rhode island law, a producer may not state which of the following - answer-mutual
insurers pay dividends just as though you held stock in the company
Which of the following statements is a producer not permitted to say - answer-"if my company
fails to pay a claim, the guarantee association will pay"
In order to renew a producer's license in rhode island, continuing education credits are required
for each of the following except: - answer-residents holding a license for 25 consecutive years
and are under the age of 55 at time of renewal
An unemployed medicare enrollee suffers 3 hospital admissions in the course of a year. Which of
the following health plans provides the best method of coverage for excess hospital charges? -
answer-medicare supplement
Advising a proposed insured that the required premium is lower than it actually would be, given
the current rate classification is an example of - answer-misrepresentation
In ri all accident and health insurance plans are required to provide coverage for the services of
properly licensed midwives in accordance with each of the following requirements except: -
answer-at home birthing services are covered
The director must give how many days notice prior to holding a hearing regarding a producer's
unfair or deceptive practice? - answer-10 days
Which of the following does the ri life and health insurance guaranty association act apply to? -
answer-annuity contracts
In ri the min. Rate increase and/or decrease that an insurer may adjust for policy loan interest
rates per annum is - answer-.50%
, In state of ri commissions may be paid to a non licensed individual if - answer-the commissions
were earned on a renewal premium and the individual held the proper license at the time of the
original sale
A producer making an unfair comparison of two insurance policies is considered to be engaging
in - answer-misrepresentation
Ri requires that an insurance producer must complete _______ hours of continuing education on
the subject of ethics every 2 years - answer-3 hours
Essential benefits without annual and lifetime limits are required on any health policy purchased
- answer-through the federal marketplace
At what point does an insurer begin to owe interest on death proceeds payable to a life insurance
beneficiary - answer-date of death
A long term care policy may exclude coverage for which of the following conditions - answer-
mental or nervous disorders
Every hmo conducting business in the state of ri must provide all the following disclosures to
newly enrolled subscribers except - answer-list of current shareholders of the organization
A producer knowingly assists client in withholding material facts while taking in an accident and
health insurance application. His action may be considered which of the following: - answer-
fraud
One definition of replacement is "the act of replacing an existing insurance policy with another"
replacement is - answer-closely regulated and requires full disclosure
What is the earliest age a non disabled individual becomes eligible for medicare supplement
policy? - answer-65 years old
Annuity suitability regulations in ri require that a producer obtain each of the following criteria
except: - answer-sexual orientation
When soliciting an accident and health insurance plan, a producer advises the applicant that
smoker a non smoker rates are the same. The producer's advice is an act of: - answer-
misrepresentation
According to ri's rules on disclosure a life insurance applicant is expected to be provided with -
answer-a buyer's guide and policy summary
How many hours of continuing education must a newly licensed agent complete by 2 years? -
answer-24 hours
In ri, long term care policies may exclude insuring pre-existing conditions for a maximum of
_______ after the effective date of coverage? - answer-6 months
STUDY REVIEW 2026 EXAM
QUESTIONS WITH VERIFIED ANSWERS
In the event that an insured's premium is not paid by the due date, the result will be... - answer-
coverage will continue for not more than a maximum of 31 days, beyond which time the policy
will lapse
A Medicare supplement policy may be cancelled for which of the following reasons? - answer-
the insured fails to pay the premium
Which type of insurance company allows their policy owners to elect a governing body? -
answer-mutual
When the insurance commissioner deems the public interest would best be served by the
issuance of a temporary license the commissioner may issue the license for a period - answer-not
to exceed a max of 180 days without requiring an examination
In a life insurance transaction when must the producer disclose the name of the insurer? -
answer-prior to the sales presentation
A life insurance policy owner may sell their policy to a(n) ___________ in order to receive a
percentage of the policy's face value - answer-viatical settlement provider
Variable life products require a producer to - answer-hold a life insurance license and securities
license
In the course of making a sales presentation, a producer may not say ... - answer-the rhode island
guaranty association will protect you
The director of business regulation cannot take which of the following actions? - answer-activate
an insurer's financial reserves
Life and health producers, who hold property casualty authority , are required to complete timely
continuing education credits in order to renew their license. Which of the following requirements
must be satisfied? - answer-total of 24 credit hours in life and health or property casualty. 3 of
which must be in ethics
The director of business regulation may revoke a producer's license upon the finding of... -
answer-sharing of commissions
The dept. Of business regulations may revoke a producer's license for each of the following
offenses except: - answer-violating an insurer's internal control requirements
,Advertisement for accident and health insurance can be considered all of the following except -
answer-company's financial rating
The waiting period for a pre-existing condition under a medicare supplement policy may not go
beyond - answer-6 months
If an application for producer license is denied, the applicant may make a written request for a
hearing to appeal this decision within - answer-30 days
In rhode island, replacement forms are required to be obtained for the replacement of which of
the following - answer-annual renewable term (art) insurance
According to the affordable care act a dependent child's eligibility status is determined by -
answer-age (up until 26)
Defamation may be described as which of the following - answer-brochures the malign the
financial standing of the admitted insurer
Under rhode island law, a producer may not state which of the following - answer-mutual
insurers pay dividends just as though you held stock in the company
Which of the following statements is a producer not permitted to say - answer-"if my company
fails to pay a claim, the guarantee association will pay"
In order to renew a producer's license in rhode island, continuing education credits are required
for each of the following except: - answer-residents holding a license for 25 consecutive years
and are under the age of 55 at time of renewal
An unemployed medicare enrollee suffers 3 hospital admissions in the course of a year. Which of
the following health plans provides the best method of coverage for excess hospital charges? -
answer-medicare supplement
Advising a proposed insured that the required premium is lower than it actually would be, given
the current rate classification is an example of - answer-misrepresentation
In ri all accident and health insurance plans are required to provide coverage for the services of
properly licensed midwives in accordance with each of the following requirements except: -
answer-at home birthing services are covered
The director must give how many days notice prior to holding a hearing regarding a producer's
unfair or deceptive practice? - answer-10 days
Which of the following does the ri life and health insurance guaranty association act apply to? -
answer-annuity contracts
In ri the min. Rate increase and/or decrease that an insurer may adjust for policy loan interest
rates per annum is - answer-.50%
, In state of ri commissions may be paid to a non licensed individual if - answer-the commissions
were earned on a renewal premium and the individual held the proper license at the time of the
original sale
A producer making an unfair comparison of two insurance policies is considered to be engaging
in - answer-misrepresentation
Ri requires that an insurance producer must complete _______ hours of continuing education on
the subject of ethics every 2 years - answer-3 hours
Essential benefits without annual and lifetime limits are required on any health policy purchased
- answer-through the federal marketplace
At what point does an insurer begin to owe interest on death proceeds payable to a life insurance
beneficiary - answer-date of death
A long term care policy may exclude coverage for which of the following conditions - answer-
mental or nervous disorders
Every hmo conducting business in the state of ri must provide all the following disclosures to
newly enrolled subscribers except - answer-list of current shareholders of the organization
A producer knowingly assists client in withholding material facts while taking in an accident and
health insurance application. His action may be considered which of the following: - answer-
fraud
One definition of replacement is "the act of replacing an existing insurance policy with another"
replacement is - answer-closely regulated and requires full disclosure
What is the earliest age a non disabled individual becomes eligible for medicare supplement
policy? - answer-65 years old
Annuity suitability regulations in ri require that a producer obtain each of the following criteria
except: - answer-sexual orientation
When soliciting an accident and health insurance plan, a producer advises the applicant that
smoker a non smoker rates are the same. The producer's advice is an act of: - answer-
misrepresentation
According to ri's rules on disclosure a life insurance applicant is expected to be provided with -
answer-a buyer's guide and policy summary
How many hours of continuing education must a newly licensed agent complete by 2 years? -
answer-24 hours
In ri, long term care policies may exclude insuring pre-existing conditions for a maximum of
_______ after the effective date of coverage? - answer-6 months
