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Life and Health Insurance Producer Exam

Annuities (NH): 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 · New Hampshire

Before selling annuities, what one-time training must a New Hampshire producer complete?

  1. A 12-hour course followed by a proctored annuity exam
  2. Only the insurer's own product training, with nothing more
  3. A securities license with a variable products line of authority
  4. A 4-credit department-approved annuity course
Show the answer

D. A 4-credit department-approved annuity course — Ins 305.06(b)(1).

Question 2 · New Hampshire

Under Ins 305, which four obligations make up the producer's best-interest standard for annuity recommendations?

  1. Care, disclosure, conflict of interest and documentation
  2. Training, supervision, recordkeeping and reporting
  3. Fiduciary, ongoing monitoring, licensing and audit
  4. Suitability, replacement, illustration and policy delivery
Show the answer

A. Care, disclosure, conflict of interest and documentation — Ins 305.05(a).

Question 3 · New Hampshire

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

  1. 12 months
  2. 24 months or fewer
  3. 36 months
  4. 60 months
Show the answer

D. 60 months — Ins 305.05(a)(1)j.3.

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