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Life and Health Insurance Producer Exam

Policy provisions (TN): 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 · Tennessee

Under the 'Legal Actions' provision of a Tennessee accident and health policy, when may the insured sue on the policy?

  1. Any time after the claim is filed, but no later than 1 year after the loss itself
  2. Only after the insurer formally denies the claim, and within 6 months of the denial
  3. No sooner than 90 days after the loss, and no later than 5 years after the policy's original issue date
  4. No sooner than 60 days after proof of loss is furnished and no later than 3 years after it is required
Show the answer

D. No sooner than 60 days after proof of loss is furnished and no later than 3 years after it is required — Tenn. Code Ann. 56-26-108(l).

Question 2 · Tennessee

What grace period must an individual life policy give for premiums due after the first year?

  1. One month, with coverage in force and the overdue premium deductible from a death claim
  2. Seven days, with coverage suspended until the premium is paid
  3. Sixty days, but only on policies with a cash value
  4. Ten days, after which the policy goes automatically to extended term insurance without notice
Show the answer

A. One month, with coverage in force and the overdue premium deductible from a death claim — Tenn. Code Ann. 56-7-2307(2).

Question 3 · Tennessee

How long does a purchaser have to return an individual accident and health policy for a full premium refund?

  1. 10 days from delivery
  2. 30 days from the date of application
  3. 7 days from the first premium
  4. 20 days from delivery
Show the answer

A. 10 days from delivery — Tenn. Code Ann. 56-26-129.

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