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Life and Health Insurance Producer Exam

Annuities (ID): practice questions

Our Life & Health Insurance bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Idaho

Which four obligations must an Idaho producer satisfy to have acted in the consumer's best interest when recommending an annuity?

  1. Training, appointment, licensing, supervision and recordkeeping
  2. Disclosure only
  3. Loyalty, diligence, privacy and suitability
  4. Care, disclosure, conflict of interest and documentation
Show the answer

D. Care, disclosure, conflict of interest and documentation — Idaho Code 41-1940A(3).

Question 2 · Idaho

When an Idaho producer recommends an annuity exchange or replacement, the producer must consider whether the consumer had another exchange or replacement within what period?

  1. The past 10 years, counting all products
  2. The preceding 12 months
  3. The preceding 60 months
  4. The last 6 months
Show the answer

C. The preceding 60 months — Idaho Code 41-1940A(3)(j)(iii).

Question 3 · Idaho

What one-time annuity training must an Idaho producer complete before selling annuities?

  1. A 2-hour ethics course taken at every license renewal
  2. A 4-credit course approved by the department
  3. 8 hours of product training from each insurer represented
  4. A 12-credit securities course offered through FINRA
Show the answer

B. A 4-credit course approved by the department — Idaho Code 41-1940C(2).

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