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Life and Health Insurance Producer Exam

Conduct (IL): practice questions

Our Life & Health Insurance bank has 5 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Illinois

Agreeing with other insurers to refuse to deal with a producer, creating an unreasonable restraint of the insurance business, is what kind of unfair practice?

  1. An improper claims practice
  2. Defamation
  3. Unfair discrimination in rates among individuals of the same class
  4. Boycott, coercion, or intimidation
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D. Boycott, coercion, or intimidation — 215 ILCS 5/424(2).

Question 2 · Illinois

Under Section 149, a misleading comparison of policies made to induce a policyholder to lapse or surrender a policy is the practice commonly called what?

  1. Twisting
  2. Rebating
  3. Sliding of coverage
  4. Controlled business placement
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A. Twisting — 215 ILCS 5/149(2).

Question 3 · Illinois

Under Illinois' rebating law, who besides the company and agent violates the law when a premium rebate is given?

  1. The insured or applicant who accepts it
  2. Only the supervising general agent
  3. Only the agency owner
  4. No one else, because accepting a rebate is always lawful for the consumer
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A. The insured or applicant who accepts it — 215 ILCS 5/151(2).

Question 4 · Illinois

An advertisement suggests that a company's policies are guaranteed by the State of Illinois. Under Section 149 this is:

  1. Permitted, if the form is approved
  2. Prohibited, because it implies state guarantee
  3. Permitted, if the company is licensed
  4. Prohibited only on radio or TV
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B. Prohibited, because it implies state guarantee — 215 ILCS 5/149(4).

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