Idaho life and health practice exam

1. How many hours of continuing education must an Idaho resident insurance producer complete for each license renewal?

1. 12 hours, including 1 hour of ethics
2. 24 hours, including 3 hours of ethics
3. 24 hours, with no ethics requirement
4. 30 hours, including 3 hours of ethics

2. How often must an Idaho producer license be renewed, and when does it expire?

1. Every year, on December 31
2. Every two years, on the producer's birth date
3. Every two years, on the last day of the producer's birth month
4. Every three years, on the anniversary of the original license

3. Within how many days must an Idaho licensed producer report a change of address to the Department of Insurance?

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

1. When an insurer terminates its relationship with a producer in Idaho, it must notify the Director of Insurance within how many days after the effective date of the termination?

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

1. An Idaho life insurance policy must provide a grace period for the payment of each premium after the first of:

1. 10 days
2. 30 days, or one month of not less than 30 days
3. 45 days
4. 60 days

2. Under Idaho law, a life insurance policy must become incontestable, except for nonpayment of premium, after it has been in force during the insured's lifetime for:

1. 2 years from the date of issue
2. 1 year from the date of issue
3. 3 years from the date of issue
4. 5 years from the date of issue

3. An Idaho life insurance policy (other than industrial life) that lapsed for nonpayment, and was not surrendered for its cash value, may be reinstated within what period after the default?

1. 6 months
2. 1 year
3. 3 years
4. 5 years

4. Under Idaho's free examination law, a purchaser of a covered life insurance policy or annuity who is not satisfied may return it for a full premium refund within how many days after delivery?

1. 10 days
2. 30 days
3. 15 days
4. 20 days

1. Under Idaho's replacement rule, a replacing insurer that uses agents must send written communication to each existing insurer within what time frame?

1. Ten calendar days after the policy is delivered
2. Five working days of receiving the application or issuing the policy, whichever is sooner
3. Thirty days after the application is signed
4. Before the application is taken

1. For an Idaho individual disability (health) policy with premiums payable monthly, the required grace period is at least:

1. 10 days
2. 7 days
3. 31 days
4. 30 days

2. Under the Idaho notice of claim provision for disability policies, written notice of claim must be given to the insurer within how many days after a covered loss occurs, or as soon as reasonably possible?

1. 10 days
2. 30 days
3. 20 days
4. 90 days

3. Under the Idaho legal actions provision for disability policies, no lawsuit to recover on the policy may be brought after how long from the time written proof of loss is required?

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

4. Under Idaho law, a disability policy that covers family members must cover a newborn child of the insured:

1. Only after the child is 14 days old
2. From the moment of birth
3. Only after the child is 31 days old
4. Only after the child is added by written application

1. What is the maximum the Idaho Life and Health Insurance Guaranty Association will pay for life insurance death benefits on any one life?

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

1. How many days does an Idaho applicant have to return a Medicare supplement policy for a premium refund after it is delivered?

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

1. Idaho law allows life and disability insurers and producers to give policyholders or prospects prizes or merchandise as long as the total value does not exceed:

1. $25 per policy
2. $100 per sale
3. $500 per calendar year
4. $200 in a calendar year

1. Before selling annuities in Idaho, a producer with a life line of authority must complete what annuity training?

1. An eight-hour course every renewal period
2. A one-time four-hour training course
3. A two-hour course every year
4. No specific annuity training is required