UTAH PRODUCER LIFE AND HEALTH
INSURANCE LICENSING TEST PAPER 2026
COMPLETE EXPERT CERTIFIED QUESTIONS
AND VERIFIED CORRECT ANSWERS
PROFESSIONAL STUDY RESOURCE
GRADED A+
⩥ Standard Exclusions found in a life insurance policies. Answer:
Hazardous occupations
Aviation
War
⩥ Which annuity payout option makes no additional payments
regardless of when the annuitant dies? Answer: Life only
⩥ In an employer-sponsored contributory group Disability Income plan,
the employer pays 60% of the premium and each employee pays 40% of
the premium. Any income benefits paid are taxed to the employee at
Answer: 60% of the benefit
⩥ Before using an assumed name in the state of Utah, a producre must
notify Answer: the Commisioner
,⩥ Under group health insurance, a certificate of coverage is issued to the
Answer: employee
⩥ In an immediate annuity with a single premium, the annuitant typical
recieves benefi payments within Answer: 1 month
⩥ What is it called when the provider is paid for each service given in a
health care plan? Answer: fee-for-service
⩥ When determining whether a pre-existing health condition applies to a
new company group health plan, you cannot have more than a ___ day
gap without previous health insurance? Answer: 63 days
⩥ An applicant's character and personal habits can be obtained for
underwriting purposes from which source? Answer: Investigative
consumer report
⩥ examples of rebating Answer: Returnign premium to a client as an
inducement for purchasing a policy
Giving something of value to an insured in exchange for their business
Offering special dividends
⩥ What would be a valid reason why a policy premium woud be higher
than the standard premium? Answer: The insured does not meet
established underwriting requirements
,⩥ Low frequency diseases can be exclusively covered by what kind of
health insurance policies? Answer: Limited policies
⩥ If an insured dies during the grace period with no premiums paid
Answer: the policy would be payable, minus the premium ammount
⩥ Loans obtained by a policyowner against the cash value of a life
insurance policy Answer: are treated as taxable income
⩥ all long-term care policies are Answer: guaranteed renewable
⩥ What is not allowed for an insurance company on a health policy that
contains a guaranteed renewable premium benefit? Answer: Increase the
premiums on an individual basis
⩥ What does Medicare part D cover Answer: prescription drugs
⩥ The power given to an individual producer that is not specifically
addressed in his/her contract is considered what type of authority?
Answer: Implied
⩥ The gatekeeper's role when used by an HMO is Answer: obtaining
referrals to specialists from primary care physicians
, ⩥ What is considered to be a point of serivice (POS) plan? Answer:
Managed care plan
⩥ False advertsing would include Answer: An insurer exaggerating its
dividends
⩥ At what point may a producer sell insurance for an insurer Answer:
after being properly appointed by the insurer
⩥ Insurable interest does not occur in this relationship Answer: Business
owner to client
⩥ What is the purpose for having an accelarated death benefit on a life
insurance policy? Answer: it allows for cash advances to be paid against
the death benefit if the insured becomes terminally ill
⩥ in order for a contract to be valid it must Answer: contain an offer and
acceptance
⩥ the difference between pre-certification and concurrent review is that
pre-certification Answer: occurs before the treatment is provided.
INSURANCE LICENSING TEST PAPER 2026
COMPLETE EXPERT CERTIFIED QUESTIONS
AND VERIFIED CORRECT ANSWERS
PROFESSIONAL STUDY RESOURCE
GRADED A+
⩥ Standard Exclusions found in a life insurance policies. Answer:
Hazardous occupations
Aviation
War
⩥ Which annuity payout option makes no additional payments
regardless of when the annuitant dies? Answer: Life only
⩥ In an employer-sponsored contributory group Disability Income plan,
the employer pays 60% of the premium and each employee pays 40% of
the premium. Any income benefits paid are taxed to the employee at
Answer: 60% of the benefit
⩥ Before using an assumed name in the state of Utah, a producre must
notify Answer: the Commisioner
,⩥ Under group health insurance, a certificate of coverage is issued to the
Answer: employee
⩥ In an immediate annuity with a single premium, the annuitant typical
recieves benefi payments within Answer: 1 month
⩥ What is it called when the provider is paid for each service given in a
health care plan? Answer: fee-for-service
⩥ When determining whether a pre-existing health condition applies to a
new company group health plan, you cannot have more than a ___ day
gap without previous health insurance? Answer: 63 days
⩥ An applicant's character and personal habits can be obtained for
underwriting purposes from which source? Answer: Investigative
consumer report
⩥ examples of rebating Answer: Returnign premium to a client as an
inducement for purchasing a policy
Giving something of value to an insured in exchange for their business
Offering special dividends
⩥ What would be a valid reason why a policy premium woud be higher
than the standard premium? Answer: The insured does not meet
established underwriting requirements
,⩥ Low frequency diseases can be exclusively covered by what kind of
health insurance policies? Answer: Limited policies
⩥ If an insured dies during the grace period with no premiums paid
Answer: the policy would be payable, minus the premium ammount
⩥ Loans obtained by a policyowner against the cash value of a life
insurance policy Answer: are treated as taxable income
⩥ all long-term care policies are Answer: guaranteed renewable
⩥ What is not allowed for an insurance company on a health policy that
contains a guaranteed renewable premium benefit? Answer: Increase the
premiums on an individual basis
⩥ What does Medicare part D cover Answer: prescription drugs
⩥ The power given to an individual producer that is not specifically
addressed in his/her contract is considered what type of authority?
Answer: Implied
⩥ The gatekeeper's role when used by an HMO is Answer: obtaining
referrals to specialists from primary care physicians
, ⩥ What is considered to be a point of serivice (POS) plan? Answer:
Managed care plan
⩥ False advertsing would include Answer: An insurer exaggerating its
dividends
⩥ At what point may a producer sell insurance for an insurer Answer:
after being properly appointed by the insurer
⩥ Insurable interest does not occur in this relationship Answer: Business
owner to client
⩥ What is the purpose for having an accelarated death benefit on a life
insurance policy? Answer: it allows for cash advances to be paid against
the death benefit if the insured becomes terminally ill
⩥ in order for a contract to be valid it must Answer: contain an offer and
acceptance
⩥ the difference between pre-certification and concurrent review is that
pre-certification Answer: occurs before the treatment is provided.
