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Life and Health Insurance Producer Exam

Conduct (RI): 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 · Rhode Island

What must every Rhode Island insurance application and claim form (with limited federal-form exceptions) contain?

  1. A disclosure of the producer's commission rate and any sales bonus
  2. A fraud warning that false claims or applications are a crime
  3. The telephone number of the attorney general's insurance fraud unit
  4. A notice of the guaranty association's coverage limits and exclusions
Show the answer

B. A fraud warning that false claims or applications are a crime — R.I. Gen. Laws 27-29-13.3.

Question 2 · Rhode Island

A producer's only pay for a placement is commission from the insurer. What disclosure must the producer make, and when?

  1. That they are paid a commission and may get other performance pay, by policy delivery
  2. The exact dollar amount of commission, in writing, before the application is taken
  3. The commission rate, filed with the department within 30 days after the policy is sold
  4. Nothing; producers paid only by insurer commission are exempt from disclosure
Show the answer

A. That they are paid a commission and may get other performance pay, by policy delivery — R.I. Gen. Laws 27-2.4-15.1(b)(3)(i).

Question 3 · Rhode Island

Knowingly making a misleading comparison of policies to induce someone to lapse a policy and buy one from another insurer is called:

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

A. Twisting — R.I. Gen. Laws 27-29-4.7(a)(1).

Question 4 · Rhode Island

Circulating a false or maliciously critical statement about an insurer's financial condition, meant to injure a person in the insurance business, is:

  1. Defamation
  2. Misrepresentation of policy terms
  3. Coercion
  4. Twisting
Show the answer

A. Defamation — R.I. Gen. Laws 27-29-4(3).

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