UTAH PRODUCER LIFE AND HEALTH
INSURANCE LICENSURE PREPARATION
FINAL PAPER 2026 COMPLETE QUESTIONS
AND WELL EXPLAINED CORRECT
ANSWERS PREMIUM STUDY SET GRADED
A+
⩥ Illustrations used in the sale of a life insurance policy MUST. Answer:
state both guaranteed and non-guaranteed elements
⩥ Life insurance replacement can be best defined as. Answer: a
transaction in which a new life insurance policy is purchased and an
existing life insurance policy is surrendered
⩥ Proceeds of the life settlement contract could be subject to the claims
of. Answer: Creditors
⩥ The amount received for a life insurance policy in a life settlement is
______ than the death benefit.. Answer: less
⩥ Upon meeting company requirements, a lapsed life insurance policy
may be reinstated within ___ year(s).. Answer: 3
,⩥ When replacing a life insurance policy, a producer must provide the
applicant with a. Answer: Notice Regarding Replacement
⩥ Which of the following is considered an activity of daily living when
determining an accelerated life insurance benefit?. Answer: Eating
⩥ A domestic insurance company in Utah MUST. Answer: be formed
under Utah insurance laws
⩥ A licensee who is required to take continuing education must
complete 24 hours of continuing education, which includes ___ hour(s)
of ethics coursework.. Answer: 3
⩥ A producer has indicated to a potential client that the proposed
insurance policy is covered by the Utah Life and Health Insurance
Guaranty Association. This action taken by the producer is. Answer:
prohibited by law
⩥ A producer MUST notify the Commissioner for. Answer: conducting
business under an assumed name
⩥ The Telemarketing Sales Rule states that ______ is the LATEST time
of day that telemarketing calls may be received.. Answer: 9:00 PM
, ⩥ A producer's failure to provide title and true nature of a policy upon
solicitation is an example of. Answer: misrepresentation
⩥ What is the primary reason for the Commissioner's examination of a
producer's insurance records?. Answer: To determine compliance with
state insurance laws and regulations
⩥ A prospective client was intimidated by a producer to purchase an
insurance contract. The producer could be found guilty of. Answer:
coercion
⩥ Which of the following is NOT a valid reason for revoking a Utah
producer's license?. Answer: Sharing commissions with licensed
producers
⩥ Which of the following statements regarding the Fair Credit Reporting
Act is TRUE?. Answer: An insurer does NOT need to discuss any credit
history inconsistencies with the applicant
⩥ A temporary producer license issued in Utah is valid for up to ___
days.. Answer: 180
⩥ A Utah resident producer must be at least ___ years of age.. Answer:
18
INSURANCE LICENSURE PREPARATION
FINAL PAPER 2026 COMPLETE QUESTIONS
AND WELL EXPLAINED CORRECT
ANSWERS PREMIUM STUDY SET GRADED
A+
⩥ Illustrations used in the sale of a life insurance policy MUST. Answer:
state both guaranteed and non-guaranteed elements
⩥ Life insurance replacement can be best defined as. Answer: a
transaction in which a new life insurance policy is purchased and an
existing life insurance policy is surrendered
⩥ Proceeds of the life settlement contract could be subject to the claims
of. Answer: Creditors
⩥ The amount received for a life insurance policy in a life settlement is
______ than the death benefit.. Answer: less
⩥ Upon meeting company requirements, a lapsed life insurance policy
may be reinstated within ___ year(s).. Answer: 3
,⩥ When replacing a life insurance policy, a producer must provide the
applicant with a. Answer: Notice Regarding Replacement
⩥ Which of the following is considered an activity of daily living when
determining an accelerated life insurance benefit?. Answer: Eating
⩥ A domestic insurance company in Utah MUST. Answer: be formed
under Utah insurance laws
⩥ A licensee who is required to take continuing education must
complete 24 hours of continuing education, which includes ___ hour(s)
of ethics coursework.. Answer: 3
⩥ A producer has indicated to a potential client that the proposed
insurance policy is covered by the Utah Life and Health Insurance
Guaranty Association. This action taken by the producer is. Answer:
prohibited by law
⩥ A producer MUST notify the Commissioner for. Answer: conducting
business under an assumed name
⩥ The Telemarketing Sales Rule states that ______ is the LATEST time
of day that telemarketing calls may be received.. Answer: 9:00 PM
, ⩥ A producer's failure to provide title and true nature of a policy upon
solicitation is an example of. Answer: misrepresentation
⩥ What is the primary reason for the Commissioner's examination of a
producer's insurance records?. Answer: To determine compliance with
state insurance laws and regulations
⩥ A prospective client was intimidated by a producer to purchase an
insurance contract. The producer could be found guilty of. Answer:
coercion
⩥ Which of the following is NOT a valid reason for revoking a Utah
producer's license?. Answer: Sharing commissions with licensed
producers
⩥ Which of the following statements regarding the Fair Credit Reporting
Act is TRUE?. Answer: An insurer does NOT need to discuss any credit
history inconsistencies with the applicant
⩥ A temporary producer license issued in Utah is valid for up to ___
days.. Answer: 180
⩥ A Utah resident producer must be at least ___ years of age.. Answer:
18
