Delaware life and health practice exam

1. How long is a Delaware insurance exam score report valid for licensing?

1. It never expires
2. 24 months from the exam date
3. 6 months from the exam date
4. 12 months from the exam date

2. Delaware resident producers must complete how many CE credit hours each biennium?

1. 24, including 3 in ethics
2. 12, including 3 in ethics
3. 30, including 6 in ethics
4. 24, with no ethics requirement

3. Delaware producer CE credits must be completed by what date?

1. The producer's birthday every 2 years
2. December 31 of each odd-numbered year
3. The last day of February of even-numbered years
4. June 30 of each year

4. What is the maximum number of CE carryover credits a Delaware producer may use in a biennium?

1. None
2. 24
3. 5
4. 12

5. A Delaware producer has been continuously licensed for 25 years before the biennium. What CE benefit applies?

1. 12 automatic credits per biennium, which cannot satisfy ethics
2. A full CE exemption
3. Nothing; full CE still applies
4. 6 automatic ethics credits

6. A Delaware producer pays the renewal fee 3 months late. What is the penalty?

1. The license must be re-earned by exam
2. Double the unpaid renewal fee
3. A civil fine of $200 to $1,000
4. A $50 flat late fee

7. How long does a Delaware producer have to notify the Commissioner of a change in legal name or mailing or email address?

1. 30 days
2. 60 days
3. 15 days
4. 10 days

8. What is the maximum duration of a Delaware temporary producer license?

1. 30 days
2. 90 days
3. 1 year
4. 180 days

1. A Delaware resident producer with a health license wants to solicit long-term care policies. What training is required?

1. No LTC-specific training
2. A one-time 16-hour LTC course
3. An 8-hour LTC course every year
4. At least 3 hours of Delaware LTC training, counted toward the biennial CE

1. After a hearing, the Delaware Commissioner may fine a producer for each violation:

1. Up to $500
2. $200 to $20,000
3. $1,000 to $100,000
4. $100 to $1,000

2. A Delaware applicant is notified that the license has been denied. How soon must a written demand for a hearing be made?

1. Within 30 days
2. Within 60 days
3. Within 10 days
4. Within 90 days

3. A Delaware producer faces a criminal prosecution. When must it be reported to the Commissioner?

1. Within 30 days of the initial pretrial hearing date
2. Only after conviction
3. Within 10 days of arrest
4. At the next renewal

4. An insurer appoints a Delaware producer. When must the insurer file the notice of appointment?

1. At the producer's next renewal
2. Within 30 days of the first policy issued
3. Within 15 days of the agency contract or the first application
4. Within 5 days of the contract

5. When an insurer terminates a Delaware producer's appointment, it must notify the Commissioner within:

1. 60 days
2. 10 days
3. 90 days
4. 30 days

1. What grace period must a Delaware individual life policy provide for premiums after the first?

1. 10 days
2. 30 days, or one month of not less than 30 days
3. 31 days
4. 60 days

2. A Delaware life policy becomes incontestable, except for nonpayment of premium, after being in force during the insured's lifetime for no more than:

1. 5 years from issue
2. 1 year from issue
3. 2 years from issue
4. 3 years from issue

3. Within what period after default may a Delaware ordinary life policy be reinstated?

1. 1 year
2. 5 years
3. 2 years
4. 3 years

4. For Delaware life policies issued on or after January 1, 1983, a fixed maximum policy loan rate may not exceed:

1. 8 percent per year
2. 7.4 percent per year
3. 10 percent per year
4. 6 percent per year

5. In Delaware, interest on a life insurance death benefit accrues starting from:

1. The date of death
2. The date the initial death claim is filed
3. The date the claim is paid
4. 30 days after proof of death

6. A Delaware life policy may exclude death by suicide within how long of issue?

1. 2 years
2. 3 years
3. 1 year
4. 6 months

1. In a Delaware replacement, the replacing insurer must give the applicant an unconditional refund right for how long after delivery?

1. 10 days
2. 60 days
3. 30 days
4. 20 days

2. Under Delaware's replacement regulation, the replacing insurer must send written notice to each existing insurer within:

1. 3 business days
2. 7 working days
3. 24 hours
4. 30 days

3. Under Delaware's replacement definition, borrowing against an existing policy counts as a replacement when cumulative loans exceed what share of the loan value?

1. 75 percent
2. 10 percent
3. 25 percent
4. 50 percent

1. The Delaware Life and Health Insurance Guaranty Association covers life insurance death benefits up to:

1. $500,000 per life
2. $100,000 per life
3. $250,000 per life
4. $300,000 per life

2. Delaware's overall guaranty association cap for one owner of multiple nongroup life policies is:

1. $1 million
2. $5 million
3. $300,000
4. $10 million

3. What is the Delaware guaranty association limit for annuity present value, including cash surrender and withdrawal values?

1. $500,000
2. $250,000
3. $100,000
4. $300,000