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Life and Health Insurance Producer Exam

Conduct (MO): practice questions

Our Life & Health Insurance bank has 6 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 · Missouri

When does an act listed in RSMo 375.936 become an unfair trade practice?

  1. Whenever a single consumer files a written complaint about the act with the department
  2. Only after a court has entered a final judgment finding that the act was fraudulent in nature
  3. Only when the act causes a policyholder a financial loss of more than $1,000
  4. When done in conscious disregard of the Act, or often enough to be a general business practice
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D. When done in conscious disregard of the Act, or often enough to be a general business practice — RSMo 375.934.

Question 2 · Missouri

A producer circulates a false statement that a competing insurer is about to fail, calculated to injure it. What unfair practice is this?

  1. Boycott, coercion and intimidation
  2. Unfair discrimination
  3. Defamation
  4. Rebating
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C. Defamation — RSMo 375.936(2).

Question 3 · Missouri

In a dispute between the insured and the company, how does Missouri law treat a person who solicited an application for life insurance?

  1. As the agent of the company, not of the insured
  2. As a dual agent bound equally to both of them
  3. As an independent party with no agency relationship
  4. As the agent of the insured, not of the company
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A. As the agent of the company, not of the insured — RSMo 376.590.2.

Question 4 · Missouri

A producer misrepresents a policy's terms to persuade a client to surrender an existing policy and buy a new one. Which part of RSMo 375.936 covers this?

  1. False statements and entries about the financial condition of an insurer
  2. Misrepresentation to induce the lapse, forfeiture, exchange or surrender of a policy
  3. Stock operations and advisory board contracts offered as an inducement to buy
  4. Misrepresentation in insurance applications to obtain a fee or commission
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B. Misrepresentation to induce the lapse, forfeiture, exchange or surrender of a policy — RSMo 375.936(6)(f).

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