District of Columbia life and health practice exam

1. How many CE hours must a DC resident producer licensed for life, accident and health, property, or casualty complete for renewal?

1. 24 hours, all general
2. 16 hours, including 2 ethics
3. 30 hours, including 6 ethics
4. 24 hours: 21 general and 3 ethics

2. A DC producer completes more CE hours than required. What happens to the extra hours?

1. Up to 12 roll over
2. Up to 6 roll over as ethics
3. They do not roll over to the next period
4. All extra hours roll over

3. When does a renewed DC individual producer license expire?

1. Every year on December 31
2. 2 years after the prior expiration date, which falls on the last day of the producer's birth month
3. Every 4 years on the license anniversary
4. Every 2 years on April 1

4. A DC producer's license lapsed for nonrenewal. What is the latest point it can be reinstated without a new exam?

1. Within 1 year after expiration, by paying a penalty of twice the unpaid renewal fee
2. Within 30 days, by paying the regular fee
3. It can never be reinstated without an exam
4. Within 2 years, with no penalty

5. A producer licensed in another state moves to DC and establishes legal residence there. How soon must the producer apply for a DC resident license?

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

6. What is the maximum duration of a DC temporary producer license?

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

1. After a hearing, the DC Commissioner may impose a civil penalty on a producer of up to:

1. $500
2. $5,000
3. $1,000
4. $25,000

2. A DC applicant or licensee receives a notice of license denial or nonrenewal. How soon must the person request a hearing?

1. Within 30 days after the date of the notice
2. Within 1 year after the date of the notice
3. Within 10 days after the date of the notice
4. Within 60 days after the date of the notice

3. A DC producer is disciplined by another state's insurance department. When must the producer report it to the DC Commissioner?

1. Within 30 days of the final disposition of the matter
2. Only at the next renewal
3. Within 90 days of the original complaint
4. Within 10 days of the hearing

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

1. At least 10 days
2. At least 31 days
3. At least 60 days
4. At least 30 days or 1 month

2. A DC life policy becomes incontestable, except for nonpayment of premium, after it has been in force during the insured's lifetime for:

1. 3 years from its date
2. 2 years from its date
3. 5 years from its date
4. 1 year from its date

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

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

4. For DC life policies issued after March 14, 1985, the fixed maximum policy loan rate is:

1. 6 percent per year
2. 8 percent per year
3. 10 percent per year
4. 5 percent per year

1. Under DC's accident and sickness policy provisions, written notice of a claim must be given within:

1. 20 days after the loss occurs or begins, or as soon as reasonably possible
2. 60 days after the loss
3. 10 days after the loss
4. 90 days after the loss

2. Under DC's accident and sickness policy provisions, proof of loss is generally due within:

1. 20 days after the date of loss
2. 1 year after the date of loss
3. 30 days after the date of loss
4. 90 days after the date of loss

1. What is the DC Life and Health Insurance Guaranty Association limit for annuity present value, including cash surrender and withdrawal values?

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

2. The DC guaranty association covers health benefit plans up to:

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