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Life and Health Insurance Producer Exam

Conduct (UT): 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.

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Question 1 · Utah

A producer uses a self-conferred "Certified Senior Advisor"-type title when selling annuities. Why does this violate Utah rules?

  1. Senior designations may be used only on life insurance, never on annuity sales
  2. Only the commissioner may issue senior designations, through a separate license
  3. Using a nonexistent or self-conferred senior designation is prohibited as misleading
  4. It does not; any designation is allowed if it is printed on the business card
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C. Using a nonexistent or self-conferred senior designation is prohibited as misleading — Utah Admin. Code R590-252-5(1)(c)(ii).

Question 2 · Utah

Under Utah's inducement law, what gift or meal is presumed to be a social courtesy not conditioned on a quote or a purchase?

  1. None; gifts and meals of any value are treated as illegal rebates
  2. Any gift or meal, if the producer reports it on the next license renewal
  3. One with a fair market value not over $100 for each person receiving it
  4. One with a fair market value not over $25 per year for each household
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C. One with a fair market value not over $100 for each person receiving it — Utah Code 31A-23a-402.5(7)(a).

Question 3 · Utah

Which of these statements is defined by Utah law as false or misleading information?

  1. Giving a prospect the insurer's financial rating from a rating agency
  2. Assuring that nonobligatory future dividends will be paid in a specific amount
  3. Telling an applicant that the policy has a 10-day free look period
  4. Reporting fully and accurately the insurer's actual past dividend history to a prospect
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B. Assuring that nonobligatory future dividends will be paid in a specific amount — Utah Code 31A-23a-402(1)(a)(ii)(A).

Question 4 · Utah

May a producer mention the Utah Life and Health Insurance Guaranty Association to persuade a client to buy a covered policy?

  1. Only for annuity sales, where the association is required to be explained
  2. Yes, if the insurer has an A rating and the statement is made in writing
  3. Yes, but only if the producer states the exact dollar limits of coverage
  4. No; using the association's existence to induce a purchase is prohibited
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D. No; using the association's existence to induce a purchase is prohibited — Utah Code 31A-28-119(1)(a).

Question 5 · Utah

Utah prohibits a licensee from entering an agreement to take part in boycott, coercion or intimidation that tends to produce what?

  1. The loss of a producer's appointment with any one insurer
  2. A rate increase of more than 10 percent in any one line of insurance
  3. An unreasonable restraint of the business of insurance, or a monopoly
  4. A reduction in commission levels paid within an agency
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C. An unreasonable restraint of the business of insurance, or a monopoly — Utah Code 31A-23a-402(4)(b).

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