North Dakota life and health practice exam

1. A resident North Dakota life and health producer must complete how much approved continuing education each two-year period?

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

2. A North Dakota temporary producer license, such as one issued to the designee of a producer entering active military service, may last no longer than:

1. 90 days
2. 1 year
3. 180 days
4. 60 days

3. Under the North Dakota Insurance Department's annuity training rule, what must a life producer complete before selling any annuity product?

1. 8 hours of annuity CE in every renewal period
2. A one-time 4-hour annuity training course
3. Nothing; training is due within 1 year after the first sale
4. A one-time 16-hour annuity course

1. A North Dakota licensee who changes residential or business address, email address, or legal name must notify the commissioner within:

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

2. After an insurer terminates a North Dakota producer's appointment, it must notify the commissioner within 30 days. Within how many days after that notice must it mail a copy to the producer?

1. 15 days
2. 5 days
3. 30 days
4. 45 days

3. An insurer appointing a North Dakota producer must file the notice of appointment within 30 days of which date?

1. The date the producer passes the licensing exam
2. The date the producer's license is issued
3. The later of the date the agency contract is executed or the date the first application is submitted
4. The date the first commission is paid

4. Apart from license action, what is the maximum civil fine the North Dakota commissioner may impose for each violation of the producer licensing chapter?

1. $1,000
2. $10,000
3. $5,000
4. $25,000

1. What grace period must a North Dakota individual life policy allow for paying each premium after the first?

1. 10 days
2. 30 days
3. 60 days
4. 31 days

2. Under North Dakota law, a lapsed life policy may be reinstated within what period after default, subject to evidence of insurability and payment of overdue premiums with interest?

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

3. In North Dakota, after how long in force is suicide no longer a defense against paying a life policy's death benefit?

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

4. A purchaser of an individual life insurance policy in North Dakota may return it for a premium refund within how many days of delivery?

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

1. When a long-term care policy will replace existing coverage in North Dakota, the replacing insurer must notify the existing insurer within what time?

1. 30 days after the policy is delivered
2. 10 days after the free look period ends
3. No notice is required
4. 5 working days from receipt of the application or issuance of the policy, whichever is sooner

1. For a single insured life, the North Dakota Life and Health Insurance Guaranty Association covers life insurance death benefits up to:

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

1. Under the required provisions of a North Dakota individual accident and health policy, written notice of claim must be given to the insurer within:

1. 10 days after the loss
2. 90 days after the loss
3. 20 days after the loss occurs or begins
4. 1 year after the loss

1. How many days does a North Dakota annuity purchaser have to return the contract after delivery for a refund?

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