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Life and Health Insurance Producer Exam

Policy provisions (MO): practice questions

Our Life & Health Insurance bank has 7 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Missouri

Under RSMo 376.580, when does a misrepresentation made in obtaining a life policy make the policy void?

  1. Only if the matter misrepresented actually contributed to the event on which the policy is payable
  2. Never, because every Missouri life policy is incontestable from its date of issue
  3. Only if the insurer discovered it within the first two years after the policy was issued
  4. Whenever it was made knowingly, even if it had no bearing at all on the cause of death
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A. Only if the matter misrepresented actually contributed to the event on which the policy is payable — RSMo 376.580.

Question 2 · Missouri

An employee leaves a job covered by group life insurance. Within what time must the employee apply and pay the first premium to convert to an individual policy without evidence of insurability?

  1. 90 days, with an exam
  2. 31 days after the termination
  3. 60 days after the termination
  4. Before the employee's last day of work
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B. 31 days after the termination — RSMo 376.697(8).

Question 3 · Missouri

A Missouri life policy may exclude death by suicide that occurs within what period after issue?

  1. Three years, with the policy's cash value paid instead of the face
  2. One year, with a prompt refund of premiums for the excluded coverage
  3. Two years, with no refund of any premiums required by law
  4. Six months, with the full face amount refunded to the beneficiary
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B. One year, with a prompt refund of premiums for the excluded coverage — RSMo 376.620.1-2.

Question 4 · Missouri

Under the legal actions provision of RSMo 376.777, when may the insured sue on a health policy?

  1. Not until 30 days after a claim denial, and within 5 years of the date of loss
  2. Any time after notice of claim, but within 1 year of the date of the loss itself
  3. Not until 60 days after proof of loss, and not more than 3 years after proof is due
  4. Only after the director has reviewed the claim and issued a written finding
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C. Not until 60 days after proof of loss, and not more than 3 years after proof is due — RSMo 376.777.1(11).

Question 5 · Missouri

Under Missouri's required health policy provisions, written notice of claim is due within what period after a covered loss begins?

  1. 90 days, or within one year if not possible
  2. 10 days, with no exception for any delay
  3. 60 days after proof of loss is furnished
  4. 20 days, or as soon as reasonably possible
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D. 20 days, or as soon as reasonably possible — RSMo 376.777.1(5).

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