Iowa life and health practice exam

1. How many CE credits must an Iowa resident producer complete each CE term?

1. 24 credits, including 3 in ethics
2. 36 credits, including 3 in ethics
3. 30 credits, including 3 in ethics
4. 36 credits, with no ethics requirement

2. An Iowa producer completes more CE credits than required for the term. The extra credits:

1. Cannot be carried over to the next CE term
2. Carry over up to 12 credits
3. Carry over without limit
4. Count only toward ethics next term

3. An Iowa producer license is issued for a term of:

1. One year
2. Two years
3. Four years
4. Three years

4. An Iowa producer must apply for license renewal during what period?

1. The 30 days before expiration
2. The 6 months before expiration
3. The 90 days before expiration
4. Any time after expiration

5. An Iowa resident producer whose license expired may reinstate it, rather than reapply, within:

1. 30 days after expiration
2. 12 months after expiration
3. 90 days after expiration
4. 24 months after expiration

6. An Iowa producer who changes address must notify the Insurance Division within:

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

7. An Iowa producer must report an administrative action taken against them in another jurisdiction within how many days of the final disposition?

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

8. Before selling annuities in Iowa, a producer must complete a one-time annuity training course of:

1. 1 credit
2. 8 credits
3. 4 credits
4. 16 credits

9. Before selling long-term care insurance in Iowa, a producer must complete a one-time training course of at least:

1. 4 CE credits
2. 8 CE credits
3. 12 CE credits
4. 16 CE credits

1. In Iowa, a life insurance policy becomes incontestable, except for nonpayment of premium, after it has been in force during the insured's lifetime for:

1. Two years from its date
2. One year from its date
3. Three years from its date
4. Five years from its date

2. When Iowa group life coverage terminates, an individual policy must be applied for and the first premium paid within what period to use the conversion right?

1. 10 days
2. 90 days
3. 60 days
4. 31 days

3. Iowa gives the buyer of a life insurance policy or annuity (not a replacement) a free look period of:

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

1. When an Iowa life policy or annuity replaces existing coverage, the policyowner has the right to return it for an unconditional full refund within:

1. 10 days of delivery
2. 30 days of delivery
3. 20 days of delivery
4. 45 days of delivery

2. In an Iowa replacement, the replacing insurer must notify the existing insurer within:

1. Five business days of receiving the completed application
2. 24 hours of the sale
3. 30 days of delivery
4. 60 days of the first premium

3. Under Iowa law, a misrepresentation made to induce a policyowner to lapse, surrender or exchange a policy is:

1. Permitted if the new policy is cheaper
2. Allowed for annuities only
3. An unfair or deceptive act
4. Permitted if disclosed in writing

1. In Iowa, a Medicare supplement policy may be returned for a premium refund within:

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

2. In Iowa, a long-term care applicant may return the policy and have the premium refunded within:

1. 10 days of delivery
2. 15 days of delivery
3. 30 days of delivery
4. 45 days of delivery

3. Under Iowa's uniform individual accident and health provisions, the grace period for a policy with monthly premiums is at least:

1. 7 days
2. 10 days
3. 31 days
4. 60 days

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

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

2. Excluding health benefit plans, the Iowa Life and Health Insurance Guaranty Association will pay no more than what aggregate amount for any one life?

1. $250,000
2. $300,000
3. $500,000
4. $350,000