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Life and Health Insurance Producer Exam

Long-term care (SC): practice questions

Our Life & Health Insurance bank has 5 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 · South Carolina

After a long-term care policy has been in force for two years, it may be contested only upon a showing that:

  1. The insured knowingly and intentionally misrepresented relevant health facts
  2. The insured missed a premium payment during the first policy year
  3. The application contained any misstatement material to acceptance of the risk
  4. A misstatement was material and related to the condition being claimed
Show the answer

A. The insured knowingly and intentionally misrepresented relevant health facts — S.C. Code 38-72-65(A)-(C).

Question 2 · South Carolina

What training must a producer complete to sell long-term care insurance in South Carolina?

  1. 8 hours one time, then at least 4 hours every 24 months
  2. 4 hours one time, then at least 2 hours every year
  3. 16 hours one time, then at least 8 hours every 24 months
  4. 24 hours one time, with no ongoing training afterward
Show the answer

A. 8 hours one time, then at least 4 hours every 24 months — S.C. Code 38-72-69(A)(1), (B)(1).

Question 3 · South Carolina

What is the most restrictive preexisting-condition rule an individual long-term care policy may use?

  1. Care or advice within 6 months before coverage; excluded only for losses in the first 6 months
  2. Any prior diagnosis at all, which may be excluded permanently by a named rider
  3. Care or advice within 24 months before coverage; excluded for any losses in the first two policy years
  4. Care or advice within 12 months before coverage; excluded for losses in the first 12 months
Show the answer

A. Care or advice within 6 months before coverage; excluded only for losses in the first 6 months — S.C. Code 38-72-60(C)(1)-(2), (4).

Question 4 · South Carolina

What is the free-look period for a long-term care insurance policy in South Carolina?

  1. 20 days from delivery
  2. 30 days from delivery
  3. 10 days from delivery
  4. 60 days from the date of application
Show the answer

B. 30 days from delivery — S.C. Code 38-72-60(F)(1).

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