SOUTH CAROLINA INSURANCE EXAM
2026/2027|QUESTIONS AND CORRECT ANSWERS LATEST 02/10/2026
EXAM
South Carolina Insurance Exam
2026/2027|Questions and Correct Answers latest
exam (full verified) 100% solution
An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of
purchase?
Inflation protection
Which of these riders will pay a death benefit if the insured's spouse dies?
Family term insurance rider
Disability income plans which require that the insurer can NEVER change or alter premium rates are
usually considered
Nonconcellable
What is the required action to be taken by a South Carolina licensee before operating under an assumed
business name?
Notify the Director
The suicide clause of a life insurance policy states that if an insured commits suicide within a stated
period from the policy's inception, the insurer will only be liable for a return of premiums paid
minus indebtedness and without interest
February 10, 2026 1
, SOUTH CAROLINA INSURANCE EXAM
2026/2027|QUESTIONS AND CORRECT ANSWERS LATEST 02/10/2026
EXAM
If an annuitant dies before the annuity start date
the premiums paid plus interest will be given to the beneficiary
The purpose of the Coordination of Benefits provision in group accident and health plans is to
avoid overpayment of claims
The typical long-term care insurance policy is designed to provide a minimum of___year(s) of coverage
1
Decreasing term life insurance is often used to
provide coverage for a home mortgage
Which type of life insurance policy pays the face amount at the end of the specified period if the insured
is still alive?
Endowment policy
A life insurance policy normally contains a provision that restricts coverage in the event of death under
all of the following situations EXCEPT
fare-paying passenger
All _____ policies must be guaranteed renewable.
February 10, 2026 2
, SOUTH CAROLINA INSURANCE EXAM
2026/2027|QUESTIONS AND CORRECT ANSWERS LATEST 02/10/2026
EXAM
long-term care
What type of injury would NOT be covered under a health insurance policy?
Work related
All of these are common exclusions to a life insurance policy EXCEPT
accidental health
Which of the following decisions would a Health Savings Account (HSA) owner NOT be able to make?
The amount contributed by the employer
A whole life insurance policy accumulates cash value that becomes
the policy loan value which the insured may borrow against
Mike has inherited his father's traditional IRA. As beneficiary, he will pay ____ taxes on any money
withdrawn.
income
An interest-sensitive life insurance policyowner may be able to withdraw the policy's cash value interest
free. The provision that allows this is called
Partial Surrender
February 10, 2026 3
2026/2027|QUESTIONS AND CORRECT ANSWERS LATEST 02/10/2026
EXAM
South Carolina Insurance Exam
2026/2027|Questions and Correct Answers latest
exam (full verified) 100% solution
An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of
purchase?
Inflation protection
Which of these riders will pay a death benefit if the insured's spouse dies?
Family term insurance rider
Disability income plans which require that the insurer can NEVER change or alter premium rates are
usually considered
Nonconcellable
What is the required action to be taken by a South Carolina licensee before operating under an assumed
business name?
Notify the Director
The suicide clause of a life insurance policy states that if an insured commits suicide within a stated
period from the policy's inception, the insurer will only be liable for a return of premiums paid
minus indebtedness and without interest
February 10, 2026 1
, SOUTH CAROLINA INSURANCE EXAM
2026/2027|QUESTIONS AND CORRECT ANSWERS LATEST 02/10/2026
EXAM
If an annuitant dies before the annuity start date
the premiums paid plus interest will be given to the beneficiary
The purpose of the Coordination of Benefits provision in group accident and health plans is to
avoid overpayment of claims
The typical long-term care insurance policy is designed to provide a minimum of___year(s) of coverage
1
Decreasing term life insurance is often used to
provide coverage for a home mortgage
Which type of life insurance policy pays the face amount at the end of the specified period if the insured
is still alive?
Endowment policy
A life insurance policy normally contains a provision that restricts coverage in the event of death under
all of the following situations EXCEPT
fare-paying passenger
All _____ policies must be guaranteed renewable.
February 10, 2026 2
, SOUTH CAROLINA INSURANCE EXAM
2026/2027|QUESTIONS AND CORRECT ANSWERS LATEST 02/10/2026
EXAM
long-term care
What type of injury would NOT be covered under a health insurance policy?
Work related
All of these are common exclusions to a life insurance policy EXCEPT
accidental health
Which of the following decisions would a Health Savings Account (HSA) owner NOT be able to make?
The amount contributed by the employer
A whole life insurance policy accumulates cash value that becomes
the policy loan value which the insured may borrow against
Mike has inherited his father's traditional IRA. As beneficiary, he will pay ____ taxes on any money
withdrawn.
income
An interest-sensitive life insurance policyowner may be able to withdraw the policy's cash value interest
free. The provision that allows this is called
Partial Surrender
February 10, 2026 3
