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Exams · Certifications · Licensing

Life and Health Insurance Producer Exam

Licensing (VT): 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.

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Question 1 · Vermont

Within what time must a Vermont licensee notify the Commissioner of a change in residential or business address?

  1. At the next license renewal only
  2. Within 30 days after the change
  3. Within 90 days of moving
  4. Within 10 days
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B. Within 30 days after the change — 8 V.S.A. § 4800(3)(F).

Question 2 · Vermont

Under Vermont law, does a producer license by itself give its holder authority to represent or bind an insurer?

  1. Only after the license has been held for one full year
  2. Yes, for every line of authority shown on the license
  3. Yes, but only for insurers domiciled in Vermont
  4. No; it creates no actual, apparent, or inherent authority
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D. No; it creates no actual, apparent, or inherent authority — 8 V.S.A. § 4813a(5).

Question 3 · Vermont

For how long may the Commissioner issue a temporary producer license without an examination, for example to the surviving spouse of a deceased producer?

  1. Up to two years, renewable once
  2. Up to 180 days
  3. Up to 30 days
  4. Up to one year
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B. Up to 180 days — 8 V.S.A. § 4813k(a)(1).

Question 4 · Vermont

Which person does NOT need a Vermont producer license?

  1. A person who negotiates policy terms with buyers for a fee
  2. A fraternal benefit society representative selling contracts
  3. A person paid by an insurer to solicit its policies
  4. An insurer's clerical employee paid no commission
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D. An insurer's clerical employee paid no commission — 8 V.S.A. § 4813d(b)(1)(A); § 4808.

Question 5 · Vermont

By applying for a Vermont nonresident license, whom does the applicant designate as attorney to receive service of process?

  1. A registered agent chosen by the applicant
  2. The Vermont Secretary of State
  3. The Commissioner
  4. The appointing insurer
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C. The Commissioner — 8 V.S.A. § 4800(3)(B)(ii).

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