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NC LIFE AND HEALTH INSURANCE ACTUAL
EXAM PREP 2026 ALL QUESTIONS AND
CORRECT DETAILED ANSWERS ALREADY A
GRADED WITH EXPERT FEEDBACK | NEW AND
REVISED
How many days to file new appointment? - ANSWER- 30 days
How many days to file the cancellation of an appointment? - ANSWER-
30 days
Conversion from a group plan to individual must be made within ______
days from the termination of the group - ANSWER- 31 days
If an employee's termination is permanent, the coverage under the group
life plan will continue for ___ days. - ANSWER- 31 days
The grace period for industrial life insurance that is - ANSWER- 20
days or four weeks for weekly premium policies, and 31 days for
monthly premiums
The certified holders must be notified if the insurance fiduciary is going
to stop paying the premiums how many days in advance? - ANSWER-
45 days
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How many days are permitted between an IRA rollover? - ANSWER-
Within 60 days
How often are IRA rollovers permitted? - ANSWER- One per year
How many days does a person have to request a reason for an adverse
underwriting decision? - ANSWER- 90 business days
Death by an accident must occur within how many days to pay extra for
the accidental death benefit? - ANSWER- 90 days
A temporary card is good for how many days? - ANSWER- 180 days
How many months in a group policy stipulate that in order for person to
be able to exercise his conversion privileges must be covered? -
ANSWER- Three consecutive months
Applications for life insurance can be backdated for how many months?
- ANSWER- Six months
Policy loans can be deferred up to how many months? - ANSWER- Six
months
How many months is a person required to be disabled before the
premiums are waived under the waiver of premium provision? -
ANSWER- Six months
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The time limit for avoiding a policy or denying the claim due to the
concealment is usually how many years? - ANSWER- Two years
Suicide is usually excluded up to the first ____ years and I life-insurance
policy? - ANSWER- Two years
Premiums will be refunded if the death occurs within how many years? -
ANSWER- Two years
All life insurance policy information documents must be retained for
how many years? - ANSWER- Five years
How long is the commissioner's term? how are they appointed? -
ANSWER- Every four years, by election
Life insurance policies can be reinstated up to how many years from the
date of laps? - ANSWER- Five years
The grace period for individual life insurance policy is how many days?
- ANSWER- 31 days
The age to legally sign an insurance policy is how old? - ANSWER- 15
years
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How old must a person be to become licensed? - ANSWER- 18
A company attempting a life policy replacement must notify the existing
company within... - ANSWER- 5 working days
The commissioner must be notified within ____ - ANSWER- 10 days of
any change of address/name
Free look provision allow how many days to examine the policy? -
ANSWER- 10 days starting withe the day the policy is delivered
Notice of hearing must be sent at least... - ANSWER- 10 days prior to
the scheduled hearing dates
A company must respond to the request for the reason why an adverse
decision was made within - ANSWER- 21 business days
Replacing life insurance policies requires how many day long free look
policy? - ANSWER- 30 days
How many days to answer disputed information? - ANSWER- 30
business days
Within how many days must the death benefits be paid? - ANSWER- 30
days after receiving the death notice
NC LIFE AND HEALTH INSURANCE ACTUAL
EXAM PREP 2026 ALL QUESTIONS AND
CORRECT DETAILED ANSWERS ALREADY A
GRADED WITH EXPERT FEEDBACK | NEW AND
REVISED
How many days to file new appointment? - ANSWER- 30 days
How many days to file the cancellation of an appointment? - ANSWER-
30 days
Conversion from a group plan to individual must be made within ______
days from the termination of the group - ANSWER- 31 days
If an employee's termination is permanent, the coverage under the group
life plan will continue for ___ days. - ANSWER- 31 days
The grace period for industrial life insurance that is - ANSWER- 20
days or four weeks for weekly premium policies, and 31 days for
monthly premiums
The certified holders must be notified if the insurance fiduciary is going
to stop paying the premiums how many days in advance? - ANSWER-
45 days
,2|Page
How many days are permitted between an IRA rollover? - ANSWER-
Within 60 days
How often are IRA rollovers permitted? - ANSWER- One per year
How many days does a person have to request a reason for an adverse
underwriting decision? - ANSWER- 90 business days
Death by an accident must occur within how many days to pay extra for
the accidental death benefit? - ANSWER- 90 days
A temporary card is good for how many days? - ANSWER- 180 days
How many months in a group policy stipulate that in order for person to
be able to exercise his conversion privileges must be covered? -
ANSWER- Three consecutive months
Applications for life insurance can be backdated for how many months?
- ANSWER- Six months
Policy loans can be deferred up to how many months? - ANSWER- Six
months
How many months is a person required to be disabled before the
premiums are waived under the waiver of premium provision? -
ANSWER- Six months
,3|Page
The time limit for avoiding a policy or denying the claim due to the
concealment is usually how many years? - ANSWER- Two years
Suicide is usually excluded up to the first ____ years and I life-insurance
policy? - ANSWER- Two years
Premiums will be refunded if the death occurs within how many years? -
ANSWER- Two years
All life insurance policy information documents must be retained for
how many years? - ANSWER- Five years
How long is the commissioner's term? how are they appointed? -
ANSWER- Every four years, by election
Life insurance policies can be reinstated up to how many years from the
date of laps? - ANSWER- Five years
The grace period for individual life insurance policy is how many days?
- ANSWER- 31 days
The age to legally sign an insurance policy is how old? - ANSWER- 15
years
, 4|Page
How old must a person be to become licensed? - ANSWER- 18
A company attempting a life policy replacement must notify the existing
company within... - ANSWER- 5 working days
The commissioner must be notified within ____ - ANSWER- 10 days of
any change of address/name
Free look provision allow how many days to examine the policy? -
ANSWER- 10 days starting withe the day the policy is delivered
Notice of hearing must be sent at least... - ANSWER- 10 days prior to
the scheduled hearing dates
A company must respond to the request for the reason why an adverse
decision was made within - ANSWER- 21 business days
Replacing life insurance policies requires how many day long free look
policy? - ANSWER- 30 days
How many days to answer disputed information? - ANSWER- 30
business days
Within how many days must the death benefits be paid? - ANSWER- 30
days after receiving the death notice
