MI LIFE PRODUCER EXAM PREP 134 2026 EXAM
SCRIPT COMPLETE SOLUTIONS
◉ ABC insurance agency is
entering each applicant who
purchases insurance through
their agency into a drawing
to win a free trip. this is an
unlawful insurance practice
known as. Answer: illegal inducement
◉ the acceptance of a credit life
application requires the
submission of a certificate of
insurance to the insured
within_____ days. Answer: 30 days
◉ According to Health
insurance portability and
accountability act (HIPAA)
when can a group health
,policy renewal be denied. Answer: Participation or contribution
rules have been violated
◉ According to HIPAA, when an
insured individual leaves an
employer and immediately
begins working for a new
company that offers group
health insurance, the
individual. Answer: is eligible for coverage upon hire
◉ According to the Michigan
Insurance Code, which of the
following MUST a producer
do when replacing a Life
Insurance Policy?. Answer: Submit to the replacing insurer a list of
all Life Insurance policies or annuity contracts proposed to be
replaced
◉ The act of using misrepresentation to introduce an insured person
determinate an existing policy and purchase a new policy is referred
to as. Answer: Twisting
,◉ After an insured gives notice
of loss, what must he/she do
if the insurer does not furnish
forms?. Answer: File written proof of loss
◉ All of the following are
considered appropriate uses
of life insurance for business
purposes
EXCEPT. Answer: Protecting the business by covering entry level
employees with life insurance
◉ all of the following are
functions of an insuring
clause EXCEPT. Answer: Primarily describes the free-look period
◉ all of the following
occurrences may result in
license revocation
EXCEPT. Answer: Producing an inadequate amount of new premium
◉ All of these are
, characteristics of a major
medical expense policy
EXCEPT. Answer: elimination periods
◉ all of these are common
exclusions to a life
insurance policy except. Answer: accidental death
◉ All of these are valid
policy dividend options
for a life insurance
policyowner EXCEPT. Answer: accumulate without interest
◉ All of these statements
concerning whole life
insurance are false except. Answer: When a whole life policy is
surrendered, income taxes may be owed
◉ Andy the annuitant dies
before the annuity start
date. Which of the following
SCRIPT COMPLETE SOLUTIONS
◉ ABC insurance agency is
entering each applicant who
purchases insurance through
their agency into a drawing
to win a free trip. this is an
unlawful insurance practice
known as. Answer: illegal inducement
◉ the acceptance of a credit life
application requires the
submission of a certificate of
insurance to the insured
within_____ days. Answer: 30 days
◉ According to Health
insurance portability and
accountability act (HIPAA)
when can a group health
,policy renewal be denied. Answer: Participation or contribution
rules have been violated
◉ According to HIPAA, when an
insured individual leaves an
employer and immediately
begins working for a new
company that offers group
health insurance, the
individual. Answer: is eligible for coverage upon hire
◉ According to the Michigan
Insurance Code, which of the
following MUST a producer
do when replacing a Life
Insurance Policy?. Answer: Submit to the replacing insurer a list of
all Life Insurance policies or annuity contracts proposed to be
replaced
◉ The act of using misrepresentation to introduce an insured person
determinate an existing policy and purchase a new policy is referred
to as. Answer: Twisting
,◉ After an insured gives notice
of loss, what must he/she do
if the insurer does not furnish
forms?. Answer: File written proof of loss
◉ All of the following are
considered appropriate uses
of life insurance for business
purposes
EXCEPT. Answer: Protecting the business by covering entry level
employees with life insurance
◉ all of the following are
functions of an insuring
clause EXCEPT. Answer: Primarily describes the free-look period
◉ all of the following
occurrences may result in
license revocation
EXCEPT. Answer: Producing an inadequate amount of new premium
◉ All of these are
, characteristics of a major
medical expense policy
EXCEPT. Answer: elimination periods
◉ all of these are common
exclusions to a life
insurance policy except. Answer: accidental death
◉ All of these are valid
policy dividend options
for a life insurance
policyowner EXCEPT. Answer: accumulate without interest
◉ All of these statements
concerning whole life
insurance are false except. Answer: When a whole life policy is
surrendered, income taxes may be owed
◉ Andy the annuitant dies
before the annuity start
date. Which of the following
