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Life and Health Insurance Producer Exam

Policy provisions (ID): practice questions

Our Life & Health Insurance bank has 7 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 · Idaho

Under the Idaho required notice-of-claim provision, when must written notice of claim be given?

  1. Within 60 days, delivered to the insured's own producer in writing
  2. Within 20 days of the loss, or as soon as reasonably possible
  3. Within 1 year, provided the insured was not legally incapacitated
  4. Within 90 days of the loss, at the insurer's designated office only
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B. Within 20 days of the loss, or as soon as reasonably possible — Idaho Code 41-2109(1).

Question 2 · Idaho

How long is the free-look period for individual life insurance and annuity contracts in Idaho?

  1. 20 days from delivery
  2. 30 days, for annuities only
  3. 10 days
  4. 60 days from application
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A. 20 days from delivery — Idaho Code 41-1935(1).

Question 3 · Idaho

Within what period after premium default must an Idaho ordinary life policy allow reinstatement, if it has not been surrendered for cash?

  1. Five years from the original issue date
  2. Six months
  3. Three years
  4. One year
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C. Three years — Idaho Code 41-1911.

Question 4 · Idaho

What grace period must an Idaho individual life policy (not industrial) allow for premiums after the first year?

  1. 10 days
  2. 31 days, plus 6% interest owed to the insured
  3. 30 days, or one month of at least 30 days
  4. 60 days
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C. 30 days, or one month of at least 30 days — Idaho Code 41-1904.

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