SOUTH CAROLINA INSURANCE EXAM
BUNDLED EXAMS EXAMS SET 2026 FULL
SOLUTIONS AND CORRECT ANSWERS
GRADED A+
⩥ Krissa purchases a 10-year level term life insurance policy that has a
death benefit of $200,000. Which of these statements is true? Answer:
The face amount and premium will remain constant over the 10-year
period
⩥ Kristi purchases an annuity that will pay her husband an income for
15 years. If he dies, this income will become payable to their children
for the remainder of the period. Kristi has what kind of annuity? Answer:
Temporary annuity certain
⩥ When a qualified plan starts making payments to its recipient, which
portion of the distributions is taxable? Answer: Gains
⩥ Pre-death distributions from a modified endowment contract (MEC)
receive different tax treatment than other life insurance policies because
Answer: the MEC tends to be an investment vehicle
, ⩥ A medical provider that accepts Medicare Assignment must Answer:
accept payment based upon a defined Medicare schedule as payment in
full
⩥ Proof of loss on a health insurance claim must be submitted to an
insurer within___days after the insured's date of loss Answer: 90
⩥ The entire contract includes the actual policy and the Answer:
application
⩥ The factor used most often when underwriting a disability income
policy is Answer: annual earnings
⩥ David submits a $500 claim for medical expenses. There is a past-due
amount owed for insurance premiums of $200. As a result, the insurer
only pays $300 for the claim. This deduction came as a result of which
provision? Answer: Unpaid provision
⩥ Which of these is NOT considered to be a purpose of an annuity?
Answer: Annuities are intended to create an estate
⩥ Which of the following is NOT a circumstance to which a temporary
producer license can be issued? Answer: prospective producer who is
waiting to take the state licensing examination
BUNDLED EXAMS EXAMS SET 2026 FULL
SOLUTIONS AND CORRECT ANSWERS
GRADED A+
⩥ Krissa purchases a 10-year level term life insurance policy that has a
death benefit of $200,000. Which of these statements is true? Answer:
The face amount and premium will remain constant over the 10-year
period
⩥ Kristi purchases an annuity that will pay her husband an income for
15 years. If he dies, this income will become payable to their children
for the remainder of the period. Kristi has what kind of annuity? Answer:
Temporary annuity certain
⩥ When a qualified plan starts making payments to its recipient, which
portion of the distributions is taxable? Answer: Gains
⩥ Pre-death distributions from a modified endowment contract (MEC)
receive different tax treatment than other life insurance policies because
Answer: the MEC tends to be an investment vehicle
, ⩥ A medical provider that accepts Medicare Assignment must Answer:
accept payment based upon a defined Medicare schedule as payment in
full
⩥ Proof of loss on a health insurance claim must be submitted to an
insurer within___days after the insured's date of loss Answer: 90
⩥ The entire contract includes the actual policy and the Answer:
application
⩥ The factor used most often when underwriting a disability income
policy is Answer: annual earnings
⩥ David submits a $500 claim for medical expenses. There is a past-due
amount owed for insurance premiums of $200. As a result, the insurer
only pays $300 for the claim. This deduction came as a result of which
provision? Answer: Unpaid provision
⩥ Which of these is NOT considered to be a purpose of an annuity?
Answer: Annuities are intended to create an estate
⩥ Which of the following is NOT a circumstance to which a temporary
producer license can be issued? Answer: prospective producer who is
waiting to take the state licensing examination
