NM LIFE INSURANCE EXAM |GUARANTEED
ACCURATE ANSWER |LATEST VERSION 2026
d -ACCURATE ANSWER Which of the following is a true statement?
Select one:
a. If an applicant needs to makes changes in their application, the agent should
create a new form.
b. After the applicant's signature, no changes can be made to that particular
application.
c. Any changes in the application must be signed by both the applicant and the
agent.
d. Any changes in the application must be initialed by the applicant.
c -ACCURATE ANSWER When completing the application, a producer should do
all the following, EXCEPT:
Select one:
a. Make sure the applicant has completely filled out the application.
b. Determine whether or not the applicant understands questions asked on the
application
c. Obtain the spouse's signature on the application, if the applicant is married
d. Write and sign an honest opinion of the applicant and their integrity in the
section for the Agent's Statement.
a -ACCURATE ANSWER Jeanine submits an application with initial premium for
a $100,000 life insurance policy. She is issued a conditional receipt and is not
, required to take a medical exam. If Jeanine dies in a plane crash a week later, what
will the insurer do?
Select one:
a. Pay $100,000 to Jeanine's beneficiary if Jeanine's policy would have been issued
as applied for
b. Pay $50,000 to Jeanine's beneficiary since Jeanine's death resulted from an
accident
c. Refund the initial premium to Jeanine's named beneficiary
d. Void the policy, refund the initial premium and deny payment of the claim
because the insurer did not approve Jeanine's coverage
d -ACCURATE ANSWER Dale fills out a health insurance policy application, and
hands it to his agent. Of the following statements, which is correct?
Select one:
a. Dale's policy is in force when he pays the initial premium.
b. Dale's policy is in force when he hands his application to the agent.
c. Dale's policy is in force when the insurance company issues the policy.
d. Dale's policy is in force when the agent deliver's Dale's policy.
c -ACCURATE ANSWER Which of the following individual's missing signature
deems a life insurance application incomplete?
Select one:
a. The primary beneficiary
b. The executive officer of the insurance company
c. The prospective adult insured
d. The underwriter
ACCURATE ANSWER |LATEST VERSION 2026
d -ACCURATE ANSWER Which of the following is a true statement?
Select one:
a. If an applicant needs to makes changes in their application, the agent should
create a new form.
b. After the applicant's signature, no changes can be made to that particular
application.
c. Any changes in the application must be signed by both the applicant and the
agent.
d. Any changes in the application must be initialed by the applicant.
c -ACCURATE ANSWER When completing the application, a producer should do
all the following, EXCEPT:
Select one:
a. Make sure the applicant has completely filled out the application.
b. Determine whether or not the applicant understands questions asked on the
application
c. Obtain the spouse's signature on the application, if the applicant is married
d. Write and sign an honest opinion of the applicant and their integrity in the
section for the Agent's Statement.
a -ACCURATE ANSWER Jeanine submits an application with initial premium for
a $100,000 life insurance policy. She is issued a conditional receipt and is not
, required to take a medical exam. If Jeanine dies in a plane crash a week later, what
will the insurer do?
Select one:
a. Pay $100,000 to Jeanine's beneficiary if Jeanine's policy would have been issued
as applied for
b. Pay $50,000 to Jeanine's beneficiary since Jeanine's death resulted from an
accident
c. Refund the initial premium to Jeanine's named beneficiary
d. Void the policy, refund the initial premium and deny payment of the claim
because the insurer did not approve Jeanine's coverage
d -ACCURATE ANSWER Dale fills out a health insurance policy application, and
hands it to his agent. Of the following statements, which is correct?
Select one:
a. Dale's policy is in force when he pays the initial premium.
b. Dale's policy is in force when he hands his application to the agent.
c. Dale's policy is in force when the insurance company issues the policy.
d. Dale's policy is in force when the agent deliver's Dale's policy.
c -ACCURATE ANSWER Which of the following individual's missing signature
deems a life insurance application incomplete?
Select one:
a. The primary beneficiary
b. The executive officer of the insurance company
c. The prospective adult insured
d. The underwriter
