WEBCE INSURANCE TEST ACTUAL 2026
QUESTIONS AND 100% CORRECT ANSWERS
Save
Terms in this set (256)
Agent Thompson received a letter 10 days
from the Department of Insurance
asking her to provide proof of
completing the continuing
education requirements. Within how
many days must Agent Thompson
respond to the Department's
inquiry?
20
30
10
45
,Abby lives in Ohio, where she is She must show her Ohio license is in good
licensed as an insurance producer. standing
She wants to apply for a
nonresident license in Pennsylvania.
Which of the following conditions
must she satisfy?
She must move to Pennsylvania.
She must surrender her Ohio
license.
She must be sponsored by a
producer licensed in Pennsylvania.
She must show her Ohio license is
in good standing.
The requirement that an insurable using life insurance as a speculative interest on
interest must exist when life another person's life
insurance is purchased is intended
to prevent people from doing
which of the following?
using life insurance to fund future
cash needs
using life insurance as a speculative
investment on another person's
life
overusing life insurance
designating an ineligible person as
the policy beneficiary
,Which one of the following best industrial life insurance
describes a policy that has a
relatively low face amount and has
premiums that are paid to an
insurance agent who generally calls
on the policyowner at home to
collect them?
group life insurance
industrial life insurance
ordinary term insurance
ordinary whole life insurance
Sylvia's insurer guarantees a fixed the policy's cash value
death benefit for the policy she
owns. Based on this, which one of
the following benefits is also most
likely guaranteed with this policy?
the policy's cash value
her ability to borrow an interest-
free loan from the cash value
policy dividends
payment of premiums on Sylvia's
behalf in the event of emergencies
, Carl is a policyowner who prefers The insurer divides the annual premium by 12 and
to pay premiums monthly rather then adds a modest charge
than annually. How will Carl's
insurance company adjust his
premium to accommodate this
request?
The insurer divides the annual
premium by 12 and then adds a
modest charge.
The insurer simply divides the
annual premium by 12.
The insurer divides the annual
premium by 12 and then reduces
the premium amount to reflect the
fact that premiums will be paid
throughout the year.
The insurer divides the annual
premium by 12 and then adds a
modest charge in the first policy
year after which premiums equal
the annual premium divided by 12.
QUESTIONS AND 100% CORRECT ANSWERS
Save
Terms in this set (256)
Agent Thompson received a letter 10 days
from the Department of Insurance
asking her to provide proof of
completing the continuing
education requirements. Within how
many days must Agent Thompson
respond to the Department's
inquiry?
20
30
10
45
,Abby lives in Ohio, where she is She must show her Ohio license is in good
licensed as an insurance producer. standing
She wants to apply for a
nonresident license in Pennsylvania.
Which of the following conditions
must she satisfy?
She must move to Pennsylvania.
She must surrender her Ohio
license.
She must be sponsored by a
producer licensed in Pennsylvania.
She must show her Ohio license is
in good standing.
The requirement that an insurable using life insurance as a speculative interest on
interest must exist when life another person's life
insurance is purchased is intended
to prevent people from doing
which of the following?
using life insurance to fund future
cash needs
using life insurance as a speculative
investment on another person's
life
overusing life insurance
designating an ineligible person as
the policy beneficiary
,Which one of the following best industrial life insurance
describes a policy that has a
relatively low face amount and has
premiums that are paid to an
insurance agent who generally calls
on the policyowner at home to
collect them?
group life insurance
industrial life insurance
ordinary term insurance
ordinary whole life insurance
Sylvia's insurer guarantees a fixed the policy's cash value
death benefit for the policy she
owns. Based on this, which one of
the following benefits is also most
likely guaranteed with this policy?
the policy's cash value
her ability to borrow an interest-
free loan from the cash value
policy dividends
payment of premiums on Sylvia's
behalf in the event of emergencies
, Carl is a policyowner who prefers The insurer divides the annual premium by 12 and
to pay premiums monthly rather then adds a modest charge
than annually. How will Carl's
insurance company adjust his
premium to accommodate this
request?
The insurer divides the annual
premium by 12 and then adds a
modest charge.
The insurer simply divides the
annual premium by 12.
The insurer divides the annual
premium by 12 and then reduces
the premium amount to reflect the
fact that premiums will be paid
throughout the year.
The insurer divides the annual
premium by 12 and then adds a
modest charge in the first policy
year after which premiums equal
the annual premium divided by 12.
