North Carolina Life Insurance Exam Questions

The commissioner reports any violations of insurance laws and regulations to the

A nonpayment of premiums may result in a

What policy provision protects against unintentional lapse of the policy?

Insurers are required to provide proof of loss forms to the claimant within how many days after notice of loss?

Which of the following documents must be provided to the policyowner or applicant during policy replacement?

What is the advantage of reinstating a policy instead of applying for a new one?

An individual who sells insurance solely as a foreign military sales agent works with a

One of the advantages of a family life policy that provides coverage for children is that it

Which of the following is NOT a mandatory provision in a life insurance contract

The two main categories of policy loan interest rates are

Which of the following best describes the unfair trade practice of defamation?

What type of account will most likely be established for a minor

Which of the following is INCORRECT regarding a $100,000 20-year level term policy?

Social Security was created to provide all of the following benefits EXCEPT

Which annuity options does the annuitant select the time period for the benefits, and the insurer chooses payment amount

When must insurable interest exist in a life insurance policy?

Which rider in a whole life policy that allows the company to forgo collecting the premium if insured is disabled?

Which of the following is INCORRECT concerning a noncontributing group plan?

Who pays the annual agent appointment fee?

Which of the following is NOT considered a misrepresentation as it pertains to unfair trade practices?

A person who obtains info about an individual from an agent or the insurer under false pretenses has committed a(n)...

During partial withdrawl from a universal life policy, which portion will be taxed

The death benefit under the Universal Life Option B...

If a policy has an automatic premium loan provision, what happens if the insured dies before the loan is paid back

If an agent wishes to sell variable life policies, what license must the agent obtain?

Which of the following will NOT be an appropriate use of a deferred annuity

Which type of life insurance policy generates immediate cash value?

Variable whole life insurance is based on what type of premium?

If the annuitant dies during the accumulation period, who will receive the annuity benefits?

As defined in the insurance statutes of this state, what is the maximum face amount on an industrial life policy?

A key person insurance policy can pay for which of the following?

All of the following are dividend options EXCEPT

Which of the following is NOT true regarding Equity Indexed Annuities

The factor added to the net premium to cover the costs of the insurer in obtaining and maintaining the business is

Which two terms are associated directly with the way an annuity is funded?

What does "level" refer to in term insurance?

Life income joint and survivor settlement option guarantees

According to the entire contract provision, what document must be made part of the insurance policy

What is the purpose of settlement options?

Which of the following is a key distinction between variable whole life and variable universal life products