LAWS, AND RULES PERTINENT TO
INSURANCE EXAM WITH QUESTIONS
AND ANSWERS 2025 UPDATE.
Office of Insurance Regulation - ANS regulates insurers to ensure they do business viable within
a state.
Unauthorized Entities - ANS - Those insurers who are non-admitted, meaning they have not
been approved or authorized to sell insurance in the state.
The state's reasons for concerns:
Potential for criminal activity within the insurance business.
Adverse economic impact on authorized insurers.
Potential for unpaid claims due to dishonesty
Marketing Practices - ANS - Agents are to supply a life insurance or health insurance buyers
guide and a policy summary upon request, or before the initial premium is accepted. They should
be familiar with all state insurance including
Notice of replacement
Free look
Buyer's Guide
Notice of Replacement - ANS When a life agent knows that the purchase of a policy will replace
the existing policy or annuities will be replaced.
Free look - ANS Allows the insured a period of several days to look over the policy, and if
dissatisfied for any reason, return it for a full refund.
Buyer's Guide - ANS Go about choosing the amount and type of insurance to buy, and how a
buyer can save money by comparing the cost of similar policies. The insurer must provide this
buyer's guide before accepting the initial premium or upon the clients request
Agent Ethics - ANS Licensed agents may not submit applications to an insurance company
without the following:
The insurance companies name on the first page
The agent's license number
INSURANCE EXAM WITH QUESTIONS
AND ANSWERS 2025 UPDATE.
Office of Insurance Regulation - ANS regulates insurers to ensure they do business viable within
a state.
Unauthorized Entities - ANS - Those insurers who are non-admitted, meaning they have not
been approved or authorized to sell insurance in the state.
The state's reasons for concerns:
Potential for criminal activity within the insurance business.
Adverse economic impact on authorized insurers.
Potential for unpaid claims due to dishonesty
Marketing Practices - ANS - Agents are to supply a life insurance or health insurance buyers
guide and a policy summary upon request, or before the initial premium is accepted. They should
be familiar with all state insurance including
Notice of replacement
Free look
Buyer's Guide
Notice of Replacement - ANS When a life agent knows that the purchase of a policy will replace
the existing policy or annuities will be replaced.
Free look - ANS Allows the insured a period of several days to look over the policy, and if
dissatisfied for any reason, return it for a full refund.
Buyer's Guide - ANS Go about choosing the amount and type of insurance to buy, and how a
buyer can save money by comparing the cost of similar policies. The insurer must provide this
buyer's guide before accepting the initial premium or upon the clients request
Agent Ethics - ANS Licensed agents may not submit applications to an insurance company
without the following:
The insurance companies name on the first page
The agent's license number
