Certification SERIES 6 EXAM
2024/2025 Verified And Passed
Which of the following named beneficiaries would NOT be able to receive
the death benefit directly from the insurer in the event of the insureds'
death? - //William, Jr., minor son of the insured
Which of the following individuals must have insurable interest in the
insured? - //Policyowner
A policyowner fails to pay the premium due on his whole life policy after the
grace period passes, but the policy remains in force. This is due to what
provision? - //automatic premium loan
Which document helps ensure that full and fair disclosure is provided to the
recipient of a policy? - //Outline of coverage- relesed at the ime of
application or upon delivery of the policy
Which of the following is TRUE regarding the annuity period? - //It may last
for the lifetime of the annuitant.
To avoid violations of unfair claims settlement regulations, insurers are
required to acknowledge the receipt of a claim within how many days? -
//10 days
Which of the following is an example of a peril covered in an accident and
health insurance policy? - //Sickness
,Which of the following is NOT true regarding the regulation of variable
annuities?
CHARACTERISTICS - //1) Underlying Investment - the payments that
annuitant makes into the varibe annuity are invested in the insurers
separate account not their general account.
2)Interest Rates - issuing insurance company does not guarantee a
minimum interest rate.
3) License Requirements - a variable annuity is considered a security and
is regulated by the securities exchange commission in addition to state
insurance regulations.
How soon after the due date should the insurer pay the agent appointment
fees? - //Within 30 days
Adopting parents must inform their insurer that a child has been added to
the family within - //31 days
Which rule would apply if an agent knows an applicant is going to cash in
an old policy and use the funds to purchase new insurance? -
//Replacement rule
Which of the following is considered to be a morale hazard? - //Morale
hazard describes indifference to unintentional risk.
Which statement accurately describes group disability income insurance?
- //The extent of benefits is determined by the insured's income
Which rider, when attached to a permanent life insurance policy, provides
an amount of insurance on every family member? - //Other insured rider
,Which of the following would be required to be licensed as an insurance
producer? - //A salaried employee who advertises and solicits insurance
In group insurance, what is the policy called? - //Master policy
A producer licensed in Pennsylvania must notify the Insurance Department
of any change of address in his or her residence or business address within
how many days? - //30
In a replacement situation, all of the following must be considered EXCEPT
- //asssets
Which of the following best describes a misrepresentation? - //A statement
intended to distract, mislead, or deceive a party to a contract
All of the following statements describe a MEWA EXCEPT - //MEWAs are
groups of at least 3 employers
Which of the following is correct concerning the taxation of premiums in a
key-person life insurance policy? - //Premiums are not tax-deductible as a
business expense
All of the following qualify for Medicare Part A EXCEPT - //Anyone who is
willing to pay a premium
Medicare was not designed for a specific class of society but primarily for
citizens age 65 and over.
Which of the following expenses is NOT covered by a health insurance
policy? - //Funeral
, All of the following are true regarding insurance policy loans EXCEPT -
//employer contributions are not tax deductible
TRUE
tax accumulation is deferred
2. they must be approved by the IRS
3. withdraws are taxed
Which of the following statements is TRUE about a policy assignment? - //It
transfers the ownership rights under the policy to the extent expressed in
the assignment form
If a consumer requests additional information concerning an investigative
consumer report, how long does the insurer or reporting agency have to
comply? - //5 days
Which of the following provisions requires that any policy language that is
in conflict with the state statutes of the state in which the insured resides is
automatically amended to conform with those of the state of residence?
- //?
Conformity with state statutes
Under the Fair Credit Reporting Act, individuals rejected for insurance due
to information contained in a consumer report - //Must be informed of the
source of the report
2024/2025 Verified And Passed
Which of the following named beneficiaries would NOT be able to receive
the death benefit directly from the insurer in the event of the insureds'
death? - //William, Jr., minor son of the insured
Which of the following individuals must have insurable interest in the
insured? - //Policyowner
A policyowner fails to pay the premium due on his whole life policy after the
grace period passes, but the policy remains in force. This is due to what
provision? - //automatic premium loan
Which document helps ensure that full and fair disclosure is provided to the
recipient of a policy? - //Outline of coverage- relesed at the ime of
application or upon delivery of the policy
Which of the following is TRUE regarding the annuity period? - //It may last
for the lifetime of the annuitant.
To avoid violations of unfair claims settlement regulations, insurers are
required to acknowledge the receipt of a claim within how many days? -
//10 days
Which of the following is an example of a peril covered in an accident and
health insurance policy? - //Sickness
,Which of the following is NOT true regarding the regulation of variable
annuities?
CHARACTERISTICS - //1) Underlying Investment - the payments that
annuitant makes into the varibe annuity are invested in the insurers
separate account not their general account.
2)Interest Rates - issuing insurance company does not guarantee a
minimum interest rate.
3) License Requirements - a variable annuity is considered a security and
is regulated by the securities exchange commission in addition to state
insurance regulations.
How soon after the due date should the insurer pay the agent appointment
fees? - //Within 30 days
Adopting parents must inform their insurer that a child has been added to
the family within - //31 days
Which rule would apply if an agent knows an applicant is going to cash in
an old policy and use the funds to purchase new insurance? -
//Replacement rule
Which of the following is considered to be a morale hazard? - //Morale
hazard describes indifference to unintentional risk.
Which statement accurately describes group disability income insurance?
- //The extent of benefits is determined by the insured's income
Which rider, when attached to a permanent life insurance policy, provides
an amount of insurance on every family member? - //Other insured rider
,Which of the following would be required to be licensed as an insurance
producer? - //A salaried employee who advertises and solicits insurance
In group insurance, what is the policy called? - //Master policy
A producer licensed in Pennsylvania must notify the Insurance Department
of any change of address in his or her residence or business address within
how many days? - //30
In a replacement situation, all of the following must be considered EXCEPT
- //asssets
Which of the following best describes a misrepresentation? - //A statement
intended to distract, mislead, or deceive a party to a contract
All of the following statements describe a MEWA EXCEPT - //MEWAs are
groups of at least 3 employers
Which of the following is correct concerning the taxation of premiums in a
key-person life insurance policy? - //Premiums are not tax-deductible as a
business expense
All of the following qualify for Medicare Part A EXCEPT - //Anyone who is
willing to pay a premium
Medicare was not designed for a specific class of society but primarily for
citizens age 65 and over.
Which of the following expenses is NOT covered by a health insurance
policy? - //Funeral
, All of the following are true regarding insurance policy loans EXCEPT -
//employer contributions are not tax deductible
TRUE
tax accumulation is deferred
2. they must be approved by the IRS
3. withdraws are taxed
Which of the following statements is TRUE about a policy assignment? - //It
transfers the ownership rights under the policy to the extent expressed in
the assignment form
If a consumer requests additional information concerning an investigative
consumer report, how long does the insurer or reporting agency have to
comply? - //5 days
Which of the following provisions requires that any policy language that is
in conflict with the state statutes of the state in which the insured resides is
automatically amended to conform with those of the state of residence?
- //?
Conformity with state statutes
Under the Fair Credit Reporting Act, individuals rejected for insurance due
to information contained in a consumer report - //Must be informed of the
source of the report
