semplr.

Exams · Certifications · Licensing

Life and Health Insurance Producer Exam

Licensing (MI): practice questions

Our Life & Health Insurance bank has 13 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · Michigan

Which applicant may have the Michigan producer examination and prelicensing study requirements waived by the director?

  1. One who has passed a securities representative examination
  2. One who has worked two years as a claims clerk for an insurer
  3. One who holds the chartered life underwriter (CLU) designation
  4. One who holds a bachelor's degree in any field of study
Show the answer

C. One who holds the chartered life underwriter (CLU) designation — MCL 500.1204(2)(c).

Question 2 · Michigan

A Michigan producer is criminally prosecuted. When is the report to the director due?

  1. Within 30 days after the initial pretrial hearing date
  2. At the next license renewal, on the renewal questionnaire
  3. Within 5 days after the producer is first arrested or charged
  4. Only after a conviction is entered and sentencing is complete
Show the answer

A. Within 30 days after the initial pretrial hearing date — MCL 500.1247(2).

Question 3 · Michigan

Under Michigan law, the director shall not issue a producer license to an applicant convicted of a felony within what period before the application?

  1. 7 years after the sentence ends
  2. 3 years
  3. 10 years
  4. 15 years
Show the answer

C. 10 years — MCL 500.1239(1)(d).

Question 4 · Michigan

How many hours of prelicensing instruction does Michigan require for a combined life and health insurance producer program of study?

  1. 40 hours of instruction
  2. 60 hours of classroom instruction
  3. 20 hours of instruction
  4. 32 hours of instruction
Show the answer

A. 40 hours of instruction — MCL 500.1204a(1)(b)(iii).

Question 5 · Michigan

A producer licensed in another state moves to Michigan. Within what period must the producer apply to become a Michigan resident licensee?

  1. Within 1 year, after first completing Michigan prelicensing study
  2. Within 30 days after the producer's first sale made in Michigan
  3. Within 90 days after establishing legal residence in Michigan
  4. Before the home-state license next comes up for its renewal
Show the answer

C. Within 90 days after establishing legal residence in Michigan — MCL 500.1206b(2).

More Life & Health Insurance topics