TN Health and Life Insurance Exam ACTUAL EXAM ALL QUESTIONS AND CORRECT ANSWERS LATEST UPDATE THIS YEAR-JUST RELEASED.pdf

TN Health and Life Insurance Exam


EXAM COVERAGE


Tennessee Life & Health Insurance Exam
State Insurance Regulations
Tennessee Department of Commerce & Insurance rules
Licensing requirements, appointments, and continuing
education
Agent responsibilities, fiduciary duties, and ethical
conduct
Unfair trade practices and disciplinary actions

,Life Insurance
Policy types: term, whole, universal, variable life
Policy provisions: grace period, reinstatement,
incontestability
Riders: waiver of premium, accidental death, accelerated
benefits
Beneficiaries, ownership, and assignment
Underwriting basics and risk classifications
Health Insurance
Policy types: major medical, HMOs, PPOs, EPOs, short-
term plans
Disability income insurance (short-term & long-term)
Medicare, Medicaid, and state-mandated coverage basics
Policy provisions: renewability, exclusions, waiting periods

,Group vs. individual health plans
Annuities & Retirement Planning
Fixed, variable, indexed, and immediate/deferred annuities
Taxation rules and retirement planning basics
Federal Regulations & Laws
HIPAA privacy and portability rules
ACA (Affordable Care Act) essentials
ERISA basics and COBRA continuation coverage
Ethics & Consumer Protection
Suitability standards
Fraud awareness and reporting
Confidentiality and recordkeeping

, A provision in a life insurance policy that pays the
policyowner an amount that does not surpass the
guaranteed cash value is called the:
- policy loan provision
- automatic premium loan provision
- accelerated benefits provision
- consideration clause


A business entity can be defined as a(n)
- agency that must only operate outside of TN
- agency that must only operate inside of TN
- association or a limited liability company