Tennessee life and health practice exam

1. How many CE credit hours must a Tennessee insurance producer complete each biennium?

1. 24 hours, with no ethics requirement
2. 24 hours, including 3 hours in ethics
3. 16 hours, including 3 hours in ethics
4. 30 hours, including 3 hours in ethics

2. Which Tennessee producers are exempt from the continuing education requirement?

1. Producers over age 65
2. Producers licensed for more than 10 years
3. Producers who hold only a life license
4. Producers continuously licensed since January 1, 1994

3. In Tennessee, a CE course may be repeated and submitted for credit again only after:

1. 2 years
2. 6 months
3. 1 year
4. It may never be repeated

4. Before selling long-term care insurance in Tennessee, a producer must complete:

1. No additional training
2. A 4-hour one-time course only
3. At least 8 hours of one-time training, then at least 4 hours every 24 months
4. A 16-hour course every year

5. Since January 1, 2024, Tennessee producers who sell annuities must complete a one-time training course of:

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

6. A Tennessee insurance producer must report a change of address within:

1. 90 calendar days of the change
2. 60 calendar days of the change
3. 10 business days of the change
4. 30 business days of the change

7. Under T.C.A. 56-6-112(g), the Tennessee Commissioner may impose a monetary penalty on a producer of up to:

1. $10,000 per violation, with an aggregate of no more than $50,000
2. $1,000 per violation, with an aggregate of no more than $100,000
3. $5,000 per violation, with no aggregate cap
4. $500 per violation, with an aggregate of no more than $5,000

1. Tennessee requires a life insurance grace period for premiums of:

1. 31 days
2. 10 days
3. One month
4. 60 days

2. In Tennessee, a life policy must become incontestable after it has been in force during the insured's lifetime for a period of no more than:

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

3. On a participating life policy in Tennessee, the policy must participate in the insurer's divisible surplus beginning no later than the end of the:

1. 3rd policy year
2. 5th policy year
3. 1st policy year
4. 10th policy year

4. In Tennessee, a life policy must make policy loans available after how many full years' premiums have been paid?

1. 1
2. 2
3. 3
4. 5

5. In Tennessee, a lapsed life policy may be reinstated within:

1. 1 year from the default
2. 3 years from the default, with evidence of insurability
3. 2 years from the default
4. 5 years from the default

6. In Tennessee, a death claim must be settled on receipt of due proof of death, or no later than:

1. 2 months after receipt of the proof
2. 30 days after receipt of the proof
3. 6 months after receipt of the proof
4. 10 days after receipt of the proof

1. Under Tennessee's replacement rule, the applicant may exercise the right to an unconditional refund on a replacement policy within:

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

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

1. 10 working days of policy issue
2. 24 hours of the sale
3. 30 days of policy delivery
4. 5 working days of receiving the application or issuing the policy, whichever is sooner

3. Tennessee replacing insurers must keep evidence of replacement notices for at least:

1. 1 year
2. 5 years, or until the next regular examination, whichever is earlier
3. 10 years
4. 3 years

1. The Tennessee Life and Health Insurance Guaranty Association covers life insurance cash surrender values up to:

1. $300,000
2. $100,000
3. $250,000
4. $50,000

2. For insurers that became insolvent after June 30, 2009, the Tennessee guaranty association covers annuity benefits up to:

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

3. The Tennessee guaranty association covers basic hospital, medical, surgical, and major medical insurance up to:

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