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Life and Health Insurance Producer Exam

Policy provisions (NC): practice questions

Our Life & Health Insurance bank has 8 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 · North Carolina

How long may an individual life policy in North Carolina limit benefits for suicide?

  1. For the life of the policy, if the suicide clause is printed in bold type
  2. No more than three years from issue, refunding premiums with interest
  3. No more than one year from issue, with no refund of the premiums paid
  4. No more than two years from the date of issue, returning at least the premiums paid
Show the answer

D. No more than two years from the date of issue, returning at least the premiums paid — N.C. Gen. Stat. 58-58-22(4).

Question 2 · North Carolina

How many days does an individual or family hospitalization policy holder have to return the policy for a premium refund under G.S. 58-51-10?

  1. 30 days after the first premium is paid
  2. 10 days after receipt
  3. 20 days
  4. 14 days after the application is signed
Show the answer

B. 10 days after receipt — N.C. Gen. Stat. 58-51-10.

Question 3 · North Carolina

An employee's group life coverage ends because employment terminates. Within what time must the employee apply and pay the first premium to convert to an individual policy without evidence of insurability?

  1. 60 days after termination of employment
  2. 31 days after termination
  3. 90 days
  4. 45 days after the employer's final paycheck
Show the answer

B. 31 days after termination — N.C. Gen. Stat. 58-58-140(8).

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