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Life and Health Insurance Producer Exam

Policy provisions (DE): practice questions

Our Life & Health Insurance bank has 7 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Delaware

What grace period must an individual (non-industrial) life policy in Delaware allow for premiums after the first?

  1. 60 days, during which interest may be charged at any rate stated in the policy
  2. 31 days, with no interest permitted
  3. 30 days, or 1 month of not less than 30 days
  4. 10 days
Show the answer

C. 30 days, or 1 month of not less than 30 days — 18 Del. C. 2906.

Question 2 · Delaware

Unless the policy was surrendered or its values exhausted, a Delaware ordinary life policy must allow reinstatement within what period after premium default?

  1. 3 years
  2. 6 months
  3. 1 year
  4. 5 years
Show the answer

A. 3 years — 18 Del. C. 2913.

Question 3 · Delaware

An individual health policy's notice-of-claim provision requires written notice within how many days after a covered loss begins, or as soon as reasonably possible?

  1. 15 days
  2. 90 days
  3. 20 days
  4. 10 business days
Show the answer

C. 20 days — 18 Del. C. 3309(a).

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