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Life and Health Insurance Producer Exam

Policy provisions (IL): practice questions

Our Life & Health Insurance bank has 6 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 · Illinois

How long is the free-look period that an Illinois individual life policy must provide after delivery?

  1. 20 days from the application
  2. 30 days, extended to 60 days for seniors
  3. 10 days
  4. 7 days
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C. 10 days — 215 ILCS 5/224(1)(n).

Question 2 · Illinois

Within what period after default may a lapsed Illinois life policy (not surrendered) be reinstated with evidence of insurability?

  1. Within 5 years from default, if the insured is under 65
  2. Within 3 years from default
  3. Within 6 months
  4. Within 1 year
Show the answer

B. Within 3 years from default — 215 ILCS 5/224(1)(i).

Question 3 · Illinois

Under the Illinois A&H notice-of-claim provision, written notice should be given within what period after a covered loss?

  1. 20 days, or as soon as reasonably possible
  2. 90 days
  3. 10 days, or the claim is barred
  4. 60 days, or as soon as reasonably possible after the insured is discharged
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A. 20 days, or as soon as reasonably possible — 215 ILCS 5/357.6.

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