CT Life Insurance Exam Questions
With Complete Solutions 2025|2026
Which of these is NOT a nonforfeiture provision contained in a life insurance policy
CORRECT ANSWERS Automatic Premium Loan
Which of the following triggers an accelerated (living) benefit? CORRECT ANSWERS
Qualifying event
What is the purpose of the Insurance Guaranty Association? CORRECT ANSWERS
Pays authorized claims for liquidated life and health insurers
In a life settlement, how much does the policyowner receive for a life insurance policy?
CORRECT ANSWERS Amount less than the death benefit
Q is the insured for $25,000 life insurance policy. Q dies October 15. Q's beneficiary
receives for $25,108 on December 15. Why did Q's beneficiary receive an amount
higher than the policy amount? CORRECT ANSWERS An insurer must pay interest on
proceeds held beginning on the date of the death
Which of these individuals is eligible for a temporary producers license? CORRECT
ANSWERS The spouse of a disabled partner
Which of these would be a valid reason for the Insurance Commissioner to hold a
hearing? CORRECT ANSWERS To determine if a producer has engaged in improperity
Which of these actions is the Commissioner of Insurance empowered to do? CORRECT
ANSWERS Administer insurance licensing exams
Producers licensed in CT must notify the Insurance Dept. within___ days of any change
of name or address? CORRECT ANSWERS 30 days
The _____ is responsible for reporting to the Commissioner any name or address
change of the licensee. CORRECT ANSWERS Licensee
Which of these is a legitimate form of life insurance advertisement? CORRECT
ANSWERS Paid celebrity endorsement
According to CT's rules on disclosure, a life insurance applicant is expected to be
provided with CORRECT ANSWERS a Buyer's Guide and Policy Summary
A temporary producer license is valid for a max of ___ days CORRECT ANSWERS 180
days
, T purchased a life insurance policy. T is entitled to review the policy and return it for a
full refund CORRECT ANSWERS within 10 days after delivery of policy
Rebating is CORRECT ANSWERS an illegal practice in CT
Which of the following is NOT a valid reason for an insurer to contest a life insurance
policy during the policy's first 2 years of existence? CORRECT ANSWERS
Misstatement of age
An ___ insurer operates in the US but is headquartered outside the US CORRECT
ANSWERS alien
Controlled business can be best described as CORRECT ANSWERS Insurance
business written by a producer on his/her family member
Which of these contracts are affected by replacement regulations? CORRECT
ANSWERS Ordinary Life Insurance
______ can be defined as "making an unfair comparison of two insurance policies"
CORRECT ANSWERS Misrepresentation
A life insurance policyowner sells her policy to a third party in a life settlement. Under
this transaction, the policyowner CORRECT ANSWERS receives an amount less than
the policy's death benefit
All of the following MUST be included in a life insurance illustration EXPECT CORRECT
ANSWERS company's mortality table
Which of these producers does standard nonforfeiture law apply to? CORRECT
ANSWERS Whole life policies
If the Insurance Commissioner determines a producer has been engaging in an unfair of
deceptive activity, which of the following actions will be likely be taken? CORRECT
ANSWERS Insurance Commissioner orders the activity to cease
ABC insurance company submits a financial condition statement to the Commissioner
requesting to conduct business in CT. The Commissioner approves the statement and
then issues an CORRECT ANSWERS certificate of authority
The Insurance Commissioner may issue an ___ to assure compliance with an insurance
law CORRECT ANSWERS order
Which of the following actions may result in a producer's license being suspended by
the Commissioner? CORRECT ANSWERS Rebating part of the commission tot he
applicant
With Complete Solutions 2025|2026
Which of these is NOT a nonforfeiture provision contained in a life insurance policy
CORRECT ANSWERS Automatic Premium Loan
Which of the following triggers an accelerated (living) benefit? CORRECT ANSWERS
Qualifying event
What is the purpose of the Insurance Guaranty Association? CORRECT ANSWERS
Pays authorized claims for liquidated life and health insurers
In a life settlement, how much does the policyowner receive for a life insurance policy?
CORRECT ANSWERS Amount less than the death benefit
Q is the insured for $25,000 life insurance policy. Q dies October 15. Q's beneficiary
receives for $25,108 on December 15. Why did Q's beneficiary receive an amount
higher than the policy amount? CORRECT ANSWERS An insurer must pay interest on
proceeds held beginning on the date of the death
Which of these individuals is eligible for a temporary producers license? CORRECT
ANSWERS The spouse of a disabled partner
Which of these would be a valid reason for the Insurance Commissioner to hold a
hearing? CORRECT ANSWERS To determine if a producer has engaged in improperity
Which of these actions is the Commissioner of Insurance empowered to do? CORRECT
ANSWERS Administer insurance licensing exams
Producers licensed in CT must notify the Insurance Dept. within___ days of any change
of name or address? CORRECT ANSWERS 30 days
The _____ is responsible for reporting to the Commissioner any name or address
change of the licensee. CORRECT ANSWERS Licensee
Which of these is a legitimate form of life insurance advertisement? CORRECT
ANSWERS Paid celebrity endorsement
According to CT's rules on disclosure, a life insurance applicant is expected to be
provided with CORRECT ANSWERS a Buyer's Guide and Policy Summary
A temporary producer license is valid for a max of ___ days CORRECT ANSWERS 180
days
, T purchased a life insurance policy. T is entitled to review the policy and return it for a
full refund CORRECT ANSWERS within 10 days after delivery of policy
Rebating is CORRECT ANSWERS an illegal practice in CT
Which of the following is NOT a valid reason for an insurer to contest a life insurance
policy during the policy's first 2 years of existence? CORRECT ANSWERS
Misstatement of age
An ___ insurer operates in the US but is headquartered outside the US CORRECT
ANSWERS alien
Controlled business can be best described as CORRECT ANSWERS Insurance
business written by a producer on his/her family member
Which of these contracts are affected by replacement regulations? CORRECT
ANSWERS Ordinary Life Insurance
______ can be defined as "making an unfair comparison of two insurance policies"
CORRECT ANSWERS Misrepresentation
A life insurance policyowner sells her policy to a third party in a life settlement. Under
this transaction, the policyowner CORRECT ANSWERS receives an amount less than
the policy's death benefit
All of the following MUST be included in a life insurance illustration EXPECT CORRECT
ANSWERS company's mortality table
Which of these producers does standard nonforfeiture law apply to? CORRECT
ANSWERS Whole life policies
If the Insurance Commissioner determines a producer has been engaging in an unfair of
deceptive activity, which of the following actions will be likely be taken? CORRECT
ANSWERS Insurance Commissioner orders the activity to cease
ABC insurance company submits a financial condition statement to the Commissioner
requesting to conduct business in CT. The Commissioner approves the statement and
then issues an CORRECT ANSWERS certificate of authority
The Insurance Commissioner may issue an ___ to assure compliance with an insurance
law CORRECT ANSWERS order
Which of the following actions may result in a producer's license being suspended by
the Commissioner? CORRECT ANSWERS Rebating part of the commission tot he
applicant
