Missouri life and health practice exam

1. How many hours of CE must a Missouri insurance producer complete every two years?

1. 30 hours, including 3 hours of ethics
2. 12 hours, with no ethics requirement
3. 24 hours, including 3 hours of ethics
4. 16 hours, including Missouri law and business ethics

2. Which statement about excess CE hours in Missouri is correct?

1. Only ethics hours carry forward
2. Excess hours are lost at the end of each period
3. Excess hours may be carried forward to the following two-year period
4. Up to 3 hours may be carried forward indefinitely

3. For good cause, the Missouri Director may extend a producer's time to complete CE by up to:

1. 90 days
2. 2 years
3. 30 days
4. 1 calendar year

4. A Missouri producer must notify the department of a change of address within:

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

5. A Missouri producer must report an administrative action taken in another jurisdiction within:

1. 30 days of the final disposition
2. 10 days of the action
3. The next license renewal
4. 60 days of the final disposition

6. A Missouri producer facing a criminal prosecution must report it within:

1. The next license renewal
2. 10 days of arrest
3. 30 days of the initial pretrial hearing date
4. 60 days of a conviction

1. A Missouri life policy may exclude or restrict liability for suicide that occurs within how long from the date of issue?

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

2. If a Missouri insured dies by suicide within the exclusion period, the insurer must:

1. Pay half the face amount
2. Pay the full face amount
3. Promptly refund all premiums paid for the excluded coverage
4. Pay nothing

1. Under Missouri's replacement regulation, the owner may return a replacement policy for an unconditional full refund within:

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

2. In Missouri, a replacing insurer must notify the existing insurer within:

1. 3 working days of receiving the application
2. 5 business days of receiving a completed application indicating replacement
3. 30 days of policy delivery
4. 10 business days of policy issue

3. Missouri replacing insurers must keep replacement records for at least:

1. 3 years
2. 5 years after the termination or expiration of the proposed policy
3. 10 years
4. 1 year

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

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

2. The Missouri guaranty association covers the present value of annuity benefits up to:

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

3. The Missouri guaranty association covers health benefit plans up to:

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