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Life and Health Insurance Producer Exam

Conduct (TN): practice questions

Our Life & Health Insurance bank has 5 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 · Tennessee

A producer who only sells insurance policies advertises as a 'financial planner' and holds no recognized planning designation. Under Tennessee law this is:

  1. An unfair trade practice by the producer
  2. Allowed as long as no fee is charged for advice
  3. A matter regulated only by the federal SEC
  4. Allowed if the producer also holds a securities license
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A. An unfair trade practice by the producer — Tenn. Code Ann. 56-6-125(a)(1).

Question 2 · Tennessee

Circulating a false statement that is maliciously critical of an insurer's financial condition, meant to injure the insurer, is which unfair trade practice?

  1. Boycott, coercion and intimidation
  2. Unfair discrimination
  3. Defamation
  4. False statements and entries in an insurer's books
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C. Defamation — Tenn. Code Ann. 56-8-104(3).

Question 3 · Tennessee

An agent deliberately misquotes a premium rate to persuade a client to surrender an existing policy. How does Tenn. Code Ann. 56-8-104 treat this?

  1. As an internal matter for the insurer, not the commissioner
  2. As a misrepresentation, which is an unfair trade practice
  3. As acceptable if the client signs a replacement notice
  4. As a violation only if the client loses money as a result
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B. As a misrepresentation, which is an unfair trade practice — Tenn. Code Ann. 56-8-104(1)(F).

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