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Life and Health Insurance Producer Exam

Medicare supplement (WI): 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 · Wisconsin

Within what time must an agent forward a Medicare supplement application to the issuer?

  1. Within 7 calendar days after taking it
  2. Within 30 days after the policy's effective date
  3. Within 72 hours after taking it
  4. By the end of the following month
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A. Within 7 calendar days after taking it — Wis. Admin. Code Ins 3.39(25)(c).

Question 2 · Wisconsin

What limit applies to first-year commission on a Wisconsin Medicare supplement sale?

  1. No more than 100% of the first-year premium
  2. No more than 150% of the renewal commission
  3. No more than 300% of the third-year commission
  4. No more than 200% of the second-year commission
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D. No more than 200% of the second-year commission — Wis. Admin. Code Ins 3.39(21)(a).

Question 3 · Wisconsin

Which Medicare supplement marketing practice does Wisconsin define as cold lead advertising?

  1. Mailing the state's Medicare guide to prospects without first obtaining their written consent
  2. Using threats or undue pressure to push the purchase of a supplement policy
  3. Marketing that hides its insurance-sales purpose and that an agent will make contact
  4. Comparing a supplement policy unfairly with a competing insurer's policy
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C. Marketing that hides its insurance-sales purpose and that an agent will make contact — Wis. Admin. Code Ins 3.39(24)(c)3.

Question 4 · Wisconsin

Within how many days of delivery may a Wisconsin Medicare supplement policyholder return the policy for a premium refund if not satisfied for any reason?

  1. 15 days
  2. 30 days
  3. 60 days after purchase
  4. 7 days
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B. 30 days — Wis. Stat. 632.73(2m); Wis. Admin. Code Ins 3.39(22)(e).

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