8 Laws and Rules Pertinent to
Insurance Test Latest 2025-2026.
Questions with Correct Verified
Answers. Graded A
A creditor who requires a debtor to obtain insurance from a particular
company or agent as a condition for a loan is guilty of – ANS coercion
A creditor who requires a debtor to obtain insurance from a particular
company or agent as a condition for a loan is guilty of coercion.
A foreign insurance company is one that is incorporated - ANS under the
laws of another state
A group life insurance policy may NOT insure groups consisting exclusively
of persons who are - ANSelated by marriage, blood or legal adoption
A group life insurance policy may NOT insure groups consisting exclusively
of persons who are related by marriage, blood or legal adoption.
A Health Maintenance Organization (HMO) may issue an Evidence of
Coverage form after it has been approved by the - ANSCommissioner of
Insurance.
A Health Maintenance Organization (HMO) may issue an Evidence of
Coverage form after it has been approved by the Commissioner of
Insurance.
1
, A life insurance illustration is NOT required to include the - ANScompany's
mortality table.
A life insurance illustration is NOT required to include the company's
mortality table.
A Long-Term Care policy must offer a MINIMUM benefit period of how
many months? - ANS12[months]
A newly licensed General Lines agent must complete a MINIMUM of how
many hours of continuing education within 24 months after initial license? -
ANS24 [hours]
A newly licensed General Lines agent must complete a MINIMUM of 24
hours of continuing education within 24 months after initial licensure.
After the initial enrollment period, an HMO must hold an open enrollment
period of how many days at LEAST once in every 12-month period? -
ANS31-day
All of the following are defined as doing insurance business EXCEPT -
ANSselling mutual funds
All of the following may charge fees for insurance advice EXCEPT -
ANSLegal reserve agents.
All of these may charge fees for insurance advice EXCEPT legal reserve
agents.
2
Insurance Test Latest 2025-2026.
Questions with Correct Verified
Answers. Graded A
A creditor who requires a debtor to obtain insurance from a particular
company or agent as a condition for a loan is guilty of – ANS coercion
A creditor who requires a debtor to obtain insurance from a particular
company or agent as a condition for a loan is guilty of coercion.
A foreign insurance company is one that is incorporated - ANS under the
laws of another state
A group life insurance policy may NOT insure groups consisting exclusively
of persons who are - ANSelated by marriage, blood or legal adoption
A group life insurance policy may NOT insure groups consisting exclusively
of persons who are related by marriage, blood or legal adoption.
A Health Maintenance Organization (HMO) may issue an Evidence of
Coverage form after it has been approved by the - ANSCommissioner of
Insurance.
A Health Maintenance Organization (HMO) may issue an Evidence of
Coverage form after it has been approved by the Commissioner of
Insurance.
1
, A life insurance illustration is NOT required to include the - ANScompany's
mortality table.
A life insurance illustration is NOT required to include the company's
mortality table.
A Long-Term Care policy must offer a MINIMUM benefit period of how
many months? - ANS12[months]
A newly licensed General Lines agent must complete a MINIMUM of how
many hours of continuing education within 24 months after initial license? -
ANS24 [hours]
A newly licensed General Lines agent must complete a MINIMUM of 24
hours of continuing education within 24 months after initial licensure.
After the initial enrollment period, an HMO must hold an open enrollment
period of how many days at LEAST once in every 12-month period? -
ANS31-day
All of the following are defined as doing insurance business EXCEPT -
ANSselling mutual funds
All of the following may charge fees for insurance advice EXCEPT -
ANSLegal reserve agents.
All of these may charge fees for insurance advice EXCEPT legal reserve
agents.
2
