WEBCE TEST CERTIFICATION SCRIPT
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ Abby lives in Ohio, where she is licensed as an insurance producer. 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..
Answer: she must show her Ohio license is in good standing
◍ An annuity settlement option with a life contingency is one that: pays
annuity benefits for a specified period of time whether the annuitant lives or
dies during that period. terminates annuity benefit payments if the annuitant
is alive upon reaching his or her life expectancy continues annuity benefit
payments for as long as the annuitant lives, even if it surpasses the
annuitant's life expectancy requires there to be two or more annuitants who
will receive annuity benefit payments before annuitization is permitted.
Answer: continues annuity benefit payments for as long as the annuitant
lives, even if it surpasses the annuitants life expectancy
◍ beside his diploma on the wall of his office.
Answer: Brandon receives his Minnesota insurance producer's license in the
mail. Eager to safeguard it, he looks for a suitable place in which to keep it.
Which of these places is appropriate?
◍ Which group health plan gives employers the most flexibility in designing
and arranging the plan's benefits? experience-rated plans community-rated
plans government issue plans participating plans.
Answer: experience-rated plans
,◍ An insurer typically considers all of the following during the underwriting
process EXCEPT: medical history educational background medical exams
lab tests.
Answer: educational background
◍ Jack, who advertises insurance policies for Mountain Home.
Answer: Jack, Russell, Terry, and Duke work for Mountain Home Insurance
Company in St. Paul. Which of them is not required to be licensed as a
producer?
◍ 15 days.
Answer: Anthony becomes a producer for Acme Insurance Company. Acme
has not filed the notice of appointment with the Commissioner. It must do so
within how many days?
◍ Before delivering a health insurance policy to a client, the producer alters
the insuring clause in a way that he believes will benefit the insurance
company. Which of the following statements is correct regarding this
alteration? It is required of a diligent producer. It is prohibited by the entire
contract provision. It is permitted only when it is in the insurer's best
interests. It is prohibited unless the insured agrees to it in writing..
Answer: it is prohibited by the entire contract provision
◍ Terry, Bella, Raul, and Paulina each own a whole life insurance policy.
Which person would not be able to accelerate the benefits under their
policy? Terry, who has cancer and a six-month life expectancy Bella, who
has multiple sclerosis Raul, who became permanently disabled following a
work accident Paulina, who was injured in a car accident but is expected to
return to work in a month.
Answer: Paulina, who was injured in a car accident but is expected to return
to work in a month
◍ The Commissioner can terminate the appointment..
Answer: Olympic Insurance Company in St. Paul appoints Marcus as its
producer. All of the following statements about the appointment are correct
, EXCEPT:
◍ Horace buys a Medicare supplement insurance policy but decides not to
keep it. How many days does he have to return it for a full refund of the
premium? 10 14 21 30.
Answer: 30 Medicare has a free-look period of 30 days
◍ All of the following statements about annuities are generally correct,
EXCEPT: Annuities are not life insurance. Annuities are sold by life
insurance agents and are issued by life insurance companies. The historic
purpose of annuities is to create estates over a certain period. An annuity
converts a sum of money into a series of income payments..
Answer: the historic purpose of annuities is to create estates over a certain
period
◍ have a limited lines license..
Answer: Julie is a licensed insurance producer for Allied Insurers. She wants
to offer long-term care insurance to her Minnesota clients. To do so, she
must meet all of the following requirements EXCEPT
◍ She must show that her North Dakota license is in good standing..
Answer: Abby lives in North Dakota, where she is licensed as an insurance
producer. She wants to apply for a nonresident license in Minnesota. Which
of the following conditions must she satisfy?
◍ If a retired worker's total combined income, including one-half of his or her
Social Security benefit, exceeds a threshold amount, then up to what
percentage of benefits exceeding the threshold are taxable? 0 percent 50
percent 85 percent 100 percent.
Answer: 85%
◍ unfair and prohibited business practices.
Answer: Acme Insurance and Apogee Insurance agree to offer different
premium rates for persons of equal risk within a particular class. They also
agree to limit benefits paid to insureds within this class if the insureds live in
certain counties of Minnesota. Acme and Apogee are engaging in which of
, the following?
◍ Gene is injured while on vacation. His employer's group disability plan pays
benefits for over two years but reduces the amount paid by the benefits he
receives under an individual disability policy. What kind of group coverage
does Gene have? group short-term disability plan group occupational plan
group long-term disability plan group partial disability plan.
Answer: group long-term disability planthese are occupational or
non-occupational
◍ Nick's policy has been canceled and Nick has paid a premium that was not
due. Under the cancellation provision, what must the insurer do? The insurer
can apply the premium to other coverage owned by the insured. The insurer
must return it to Nick. The insurer can keep it. Nothing unless the insured
files a claim for the amount owed..
Answer: the insurer must return it to Nick
◍ part-time producer of a licensed agency.
Answer: Which of the following persons would not qualify for a temporary
producer's license in Minnesota?
◍ All of the following are prohibited insurer practices EXCEPT: accessing the
MIB records on an applicant without the applicant's approval declining an
application for life insurance based on genetic testing information obtained
on the proposed insured. failing to notify a life insurance applicant that her
application was declined because of information obtained in a credit report.
investigating insurance applicants.
Answer: investigating insurance applicants
◍ The four shareholders of ABC Corporation each own a $1,000,000 interest
in the company and enter into a stock redemption agreement. One of the
shareholders dies six months later. All the following statements regarding
this scenario are correct EXCEPT: The three remaining shareholders must
negotiate the purchase of the deceased owner's interest from his estate. ABC
Corporation will use the death benefit to buy the deceased owner's interest
from his estate. Each of the surviving shareholders will then own a one-third
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ Abby lives in Ohio, where she is licensed as an insurance producer. 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..
Answer: she must show her Ohio license is in good standing
◍ An annuity settlement option with a life contingency is one that: pays
annuity benefits for a specified period of time whether the annuitant lives or
dies during that period. terminates annuity benefit payments if the annuitant
is alive upon reaching his or her life expectancy continues annuity benefit
payments for as long as the annuitant lives, even if it surpasses the
annuitant's life expectancy requires there to be two or more annuitants who
will receive annuity benefit payments before annuitization is permitted.
Answer: continues annuity benefit payments for as long as the annuitant
lives, even if it surpasses the annuitants life expectancy
◍ beside his diploma on the wall of his office.
Answer: Brandon receives his Minnesota insurance producer's license in the
mail. Eager to safeguard it, he looks for a suitable place in which to keep it.
Which of these places is appropriate?
◍ Which group health plan gives employers the most flexibility in designing
and arranging the plan's benefits? experience-rated plans community-rated
plans government issue plans participating plans.
Answer: experience-rated plans
,◍ An insurer typically considers all of the following during the underwriting
process EXCEPT: medical history educational background medical exams
lab tests.
Answer: educational background
◍ Jack, who advertises insurance policies for Mountain Home.
Answer: Jack, Russell, Terry, and Duke work for Mountain Home Insurance
Company in St. Paul. Which of them is not required to be licensed as a
producer?
◍ 15 days.
Answer: Anthony becomes a producer for Acme Insurance Company. Acme
has not filed the notice of appointment with the Commissioner. It must do so
within how many days?
◍ Before delivering a health insurance policy to a client, the producer alters
the insuring clause in a way that he believes will benefit the insurance
company. Which of the following statements is correct regarding this
alteration? It is required of a diligent producer. It is prohibited by the entire
contract provision. It is permitted only when it is in the insurer's best
interests. It is prohibited unless the insured agrees to it in writing..
Answer: it is prohibited by the entire contract provision
◍ Terry, Bella, Raul, and Paulina each own a whole life insurance policy.
Which person would not be able to accelerate the benefits under their
policy? Terry, who has cancer and a six-month life expectancy Bella, who
has multiple sclerosis Raul, who became permanently disabled following a
work accident Paulina, who was injured in a car accident but is expected to
return to work in a month.
Answer: Paulina, who was injured in a car accident but is expected to return
to work in a month
◍ The Commissioner can terminate the appointment..
Answer: Olympic Insurance Company in St. Paul appoints Marcus as its
producer. All of the following statements about the appointment are correct
, EXCEPT:
◍ Horace buys a Medicare supplement insurance policy but decides not to
keep it. How many days does he have to return it for a full refund of the
premium? 10 14 21 30.
Answer: 30 Medicare has a free-look period of 30 days
◍ All of the following statements about annuities are generally correct,
EXCEPT: Annuities are not life insurance. Annuities are sold by life
insurance agents and are issued by life insurance companies. The historic
purpose of annuities is to create estates over a certain period. An annuity
converts a sum of money into a series of income payments..
Answer: the historic purpose of annuities is to create estates over a certain
period
◍ have a limited lines license..
Answer: Julie is a licensed insurance producer for Allied Insurers. She wants
to offer long-term care insurance to her Minnesota clients. To do so, she
must meet all of the following requirements EXCEPT
◍ She must show that her North Dakota license is in good standing..
Answer: Abby lives in North Dakota, where she is licensed as an insurance
producer. She wants to apply for a nonresident license in Minnesota. Which
of the following conditions must she satisfy?
◍ If a retired worker's total combined income, including one-half of his or her
Social Security benefit, exceeds a threshold amount, then up to what
percentage of benefits exceeding the threshold are taxable? 0 percent 50
percent 85 percent 100 percent.
Answer: 85%
◍ unfair and prohibited business practices.
Answer: Acme Insurance and Apogee Insurance agree to offer different
premium rates for persons of equal risk within a particular class. They also
agree to limit benefits paid to insureds within this class if the insureds live in
certain counties of Minnesota. Acme and Apogee are engaging in which of
, the following?
◍ Gene is injured while on vacation. His employer's group disability plan pays
benefits for over two years but reduces the amount paid by the benefits he
receives under an individual disability policy. What kind of group coverage
does Gene have? group short-term disability plan group occupational plan
group long-term disability plan group partial disability plan.
Answer: group long-term disability planthese are occupational or
non-occupational
◍ Nick's policy has been canceled and Nick has paid a premium that was not
due. Under the cancellation provision, what must the insurer do? The insurer
can apply the premium to other coverage owned by the insured. The insurer
must return it to Nick. The insurer can keep it. Nothing unless the insured
files a claim for the amount owed..
Answer: the insurer must return it to Nick
◍ part-time producer of a licensed agency.
Answer: Which of the following persons would not qualify for a temporary
producer's license in Minnesota?
◍ All of the following are prohibited insurer practices EXCEPT: accessing the
MIB records on an applicant without the applicant's approval declining an
application for life insurance based on genetic testing information obtained
on the proposed insured. failing to notify a life insurance applicant that her
application was declined because of information obtained in a credit report.
investigating insurance applicants.
Answer: investigating insurance applicants
◍ The four shareholders of ABC Corporation each own a $1,000,000 interest
in the company and enter into a stock redemption agreement. One of the
shareholders dies six months later. All the following statements regarding
this scenario are correct EXCEPT: The three remaining shareholders must
negotiate the purchase of the deceased owner's interest from his estate. ABC
Corporation will use the death benefit to buy the deceased owner's interest
from his estate. Each of the surviving shareholders will then own a one-third
