Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Q&A - in .pdf

  • Exam Code: Life-and-Accident-and-Health-or-Sickness-Producer-Combo
  • Exam Name: Life and Accident and Health or Sickness Producer - Combo Series 20-30
  • Updated: Oct 10, 2026
  • Q & A: 265 Questions and Answers
  • PDF Price: $59.98
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  • Exam Code: Life-and-Accident-and-Health-or-Sickness-Producer-Combo
  • Exam Name: Life and Accident and Health or Sickness Producer - Combo Series 20-30
  • Updated: Oct 10, 2026
  • Q & A: 265 Questions and Answers
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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
SectionObjectives
Topic 1: Life Insurance- Policy provisions and riders
  • 1. Policy loans and dividends
    • 2. Beneficiaries and settlements
      - Life insurance policies
      • 1. Term life insurance
        • 2. Whole life insurance
          • 3. Universal life insurance
            Topic 2: General Insurance Concepts- Insurance principles and risk management
            • 1. Risk types and management methods
              • 2. Insurance contract fundamentals
                Topic 3: Accident and Health Insurance- Policy provisions
                • 1. Coordination of benefits
                  • 2. Exclusions and limitations
                    - Health insurance types
                    • 1. Long-term care insurance
                      • 2. Medical expense insurance
                        • 3. Disability income insurance
                          Topic 4: State Law and Regulations- Insurance producer regulations
                          • 1. Ethics and fiduciary duties
                            • 2. Licensing requirements
                              Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
                              Question #1

                              All of the following statements about universal life insurance are true EXCEPT:

                              • A. Failure to pay the renewal premium automatically causes the policy to lapse
                              • B. The Internal Revenue Code places a minimum limitation on the difference between the cash value and the death benefit
                              • C. It may be written with either a level death benefit or an increasing death benefit
                              • D. Withdrawals of the policy cash value are permitted and sometimes subject to a surrender charge
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

                              Question #2

                              The beneficiary of a life insurance policy is the:

                              • A. Person or entity who has ownership interest in the policy
                              • B. Owner of the cash value fund
                              • C. Insurer that issues the policy
                              • D. Person or entity designated in the policy to receive the death proceeds
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

                              Question #3

                              An insurance agent ' s license may be revoked for all of the following reasons EXCEPT:

                              • A. Having been found guilty of rebating
                              • B. Being convicted of a felony
                              • C. Violating any insurance statute or regulation
                              • D. Having no insurer appointment in effect for ten days
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

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                              Question #4

                              An insured incurs a covered accident and health insurance loss on May 30, which is submitted to the insurer on June 8. If the insured terminated coverage on June 1, the insurer:

                              • A. Can refuse to pay the claim under the pre-existing conditions exclusion
                              • B. Can refuse to pay the claim because coverage has been terminated
                              • C. Must pay the claim within one year of termination of coverage
                              • D. Must pay the claim upon receipt of the proof of loss
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

                              Question #5

                              A producer who makes an incomplete comparison of policies to encourage an insured to cancel a contract of another insurer and purchase a new one is guilty of:

                              • A. Coercion
                              • B. Twisting
                              • C. Defamation
                              • D. Rebating
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

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