semplr.

Exams · Certifications · Licensing

Life and Health Insurance Producer Exam

Conduct (DE): practice questions

Our Life & Health Insurance bank has 6 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · Delaware

If a person did not know and should not have known that a practice violated the Unfair Trade Practices Act, the Commissioner may impose a penalty of up to how much per violation?

  1. $1,000, with a $100,000 aggregate cap
  2. $10,000, with a $150,000 aggregate cap
  3. $5,000, with no aggregate cap at all
  4. $500, with a $25,000 aggregate cap
Show the answer

A. $1,000, with a $100,000 aggregate cap — 18 Del. C. 2308(a)(1).

Question 2 · Delaware

Under 18 Del. C. 2304(4), an agreement or concerted act resulting in unreasonable restraint of, or monopoly in, the business of insurance is called:

  1. Inducement to purchase
  2. Boycott, coercion and intimidation
  3. Interlocking management
  4. Fictitious grouping
Show the answer

B. Boycott, coercion and intimidation — 18 Del. C. 2304(4).

Question 3 · Delaware

Circulating a false or maliciously critical statement about an insurer's financial condition, meant to injure it, is the unfair practice of:

  1. Unfair discrimination
  2. Illegal dealing in premiums
  3. False advertising of policies
  4. Defamation
Show the answer

D. Defamation — 18 Del. C. 2304(3).

Question 4 · Delaware

Making incomplete comparisons of policy terms to induce a policyholder to lapse or surrender a policy is called:

  1. Boycott
  2. Twisting
  3. Misrepresentation of dividends
  4. Rebating
Show the answer

B. Twisting — 18 Del. C. 2304(20).

Question 5 · Delaware

A producer offers to return part of the commission to an applicant if the applicant buys a life policy. Under Delaware law this is:

  1. Twisting
  2. Defamation
  3. Coercion
  4. Rebating
Show the answer

D. Rebating — 18 Del. C. 2304(14).

More Life & Health Insurance topics