Vermont life and health practice exam
Free life and health practice for the Vermont producer exam: 273 general questions plus 14 Vermont state law questions, each with an explanation.
Vermont state law questions
Every Vermont question with its answer, explanation, and the law it comes from.
Licensing and CE
7 questions
1. How many CE hours must a Vermont producer complete during each 24-month review period?
- 24 hours, with no ethics requirement
- 24 hours, including at least 3 hours of ethics
- 30 hours, including 6 hours of ethics
- 12 hours, including 2 hours of ethics
Show answer
8 V.S.A. 4800a requires 24 hours in the preceding two years, and DFR Regulation I-2000-02 requires at least 3 of them to be ethics.
2. When does Vermont's CE review period run?
- From the producer's birthday every 2 years
- January 1 through December 31 of each even year
- July 1 through June 30 of each year
- April 1 of an odd-numbered year through March 31 two years later
Show answer
DFR Regulation I-2000-02 defines a 24-month review period that starts April 1 of odd-numbered years and ends March 31 two years later.
3. A Vermont producer earns 30 CE hours in one review period. How many extra hours carry forward?
- None; Vermont does not allow carryover
- Up to 12 hours
- Up to 6 hours
- All 6 extra hours
Show answer
DFR Regulation I-2000-02 does not allow credits beyond the requirement to carry into the next review period.
4. How many of a Vermont producer's 24 CE hours may come from insurance agency management courses?
- No more than 3
- No more than 12
- No more than 6
- All 24
Show answer
DFR Regulation I-2000-02 caps agency management credit at 6 of the 24 hours.
5. For good cause, the Vermont Commissioner may extend the time to complete CE by no more than:
- 1 year
- 2 years
- 30 days
- 6 months
Show answer
8 V.S.A. 4800a allows an extension of up to 6 months. A producer who misses CE without an extension is not renewed.
6. When do Vermont insurance producer licenses expire?
- On June 1 of each year
- On December 31 of each even-numbered year
- At 12:01 a.m. on April 1 of the odd-numbered year after issuance
- On the producer's birthday every 2 years
Show answer
8 V.S.A. 4798(b) sets an April 1, odd-numbered-year expiration for producer licenses, with renewal for 24 months.
7. What is the maximum duration of a Vermont temporary producer license?
- 30 days
- 180 days
- 90 days
- 1 year
Show answer
8 V.S.A. 4813k allows a temporary license of up to 180 days, issued without an exam, for example after a producer's death or disability.
Producer Regulation
1 questions
1. A Vermont producer is charged with a crime. When must it be reported to the Commissioner?
- Within 30 days of the initial pretrial hearing date
- Within 10 days of arrest
- Only after conviction
- At the next license renewal
Show answer
8 V.S.A. 4813o(b) requires the report within 30 days of the initial pretrial hearing date, with the charging document attached.
Life Policy Provisions
6 questions
1. What grace period must a Vermont individual life policy (other than weekly-premium industrial) provide?
- 60 days
- 31 days
- 30 days, or one month of not less than 30 days
- 10 days
Show answer
8 V.S.A. 3731(2) requires a 30-day grace period, during which the policy stays in force.
2. A Vermont life policy becomes incontestable, except for nonpayment of premium, after being in force during the insured's lifetime for:
- 1 year from the date of issue
- 5 years from the date of issue
- 3 years from the date of issue
- 2 years from the date of issue
Show answer
Under 8 V.S.A. 3731(4), disability and accidental death provisions may be excepted.
3. Within what period after default may a Vermont ordinary life policy be reinstated?
- 2 years
- 3 years
- 5 years
- 1 year
Show answer
8 V.S.A. 3731(9) allows reinstatement within 3 years (2 for industrial), with evidence of insurability and arrears at up to 6 percent interest.
4. If a Vermont life policy uses a fixed maximum policy loan rate, the rate may not exceed:
- 8 percent per year
- 12 percent per year
- 6 percent per year
- 10 percent per year
Show answer
8 V.S.A. 3731(7) caps a fixed loan rate at 8 percent. Loans are available after 3 full years' premiums.
5. How soon must a Vermont insurer pay a life insurance death claim?
- Within 30 days after receiving a properly executed proof of loss
- Within 60 days after the date of death
- Within 90 days after the claim is filed
- Within 10 days after the funeral
Show answer
Under 8 V.S.A. 3665b(b), a life insurer must pay within 30 days after it receives a properly executed proof of loss.
6. On a Vermont life insurance death claim, interest runs from when, and at what minimum rate?
- From 30 days after proof of loss, at 10 percent
- No interest is required
- From the date of death, at the deposit rate or 6 percent, whichever is higher
- From the date proof of loss is received, at 3 percent
Show answer
8 V.S.A. 3665b(b) requires interest from the date of death to payment, at the higher of the rate on proceeds left on deposit or 6 percent.
Keep studying
The general topics make up most of the exam.
Vermont exam questions
How much of the Vermont life and health exam is state law?
State law is usually around 20 to 30 percent of a state's producer exam. Check the Vermont candidate handbook from your testing provider for the exact content outline.
What does the Vermont state law section cover?
Common areas include licensing and continuing education, required policy provisions, replacement rules, and the guaranty association. This page covers: licensing and ce, producer regulation, life policy provisions.
Where do these state questions come from?
Each state question is written from the state's statutes, regulations, or insurance department guidance, and the source is linked under the answer so you can read it yourself.
Do I still need the general questions?
Yes. Most of the exam is general life and health knowledge. The full exam option here mixes 273 general questions with the Vermont state law questions.