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Life and Health Insurance Producer Exam

Policy provisions (UT): 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 · Utah

What is unusual about Utah's grace period for an individual accident and health policy with monthly premiums?

  1. There is none; coverage ends the day after the premium due date passes
  2. It is at least 60 days, and the insurer must accept premium at any time during it
  3. It is at least 31 days, and claims during it are paid in full without deduction
  4. It is at least 15 days, and the policy is not in force during the grace period
Show the answer

D. It is at least 15 days, and the policy is not in force during the grace period — Utah Code 31A-22-607(1)(a)(i), (1)(c)-(e).

Question 2 · Utah

What is the minimum grace period for an individual life insurance policy with monthly premiums in Utah?

  1. 45 days
  2. 31 days
  3. 60 days
  4. 10 days
Show the answer

B. 31 days — Utah Code 31A-22-402(2).

Question 3 · Utah

An insured dies by suicide 14 months after a life policy is issued. What must the insurer at least pay the beneficiary?

  1. The premium paid, less dividends paid, indebtedness and partial withdrawals
  2. The full face amount, since suicide exclusions are void in Utah
  3. Half the face amount, with the rest held until the two years run
  4. Nothing at all, because the policy is void from its date of issue
Show the answer

A. The premium paid, less dividends paid, indebtedness and partial withdrawals — Utah Code 31A-22-404(1)(a), (1)(c).

Question 4 · Utah

How long is the free-look period for a new (non-replacement) individual life insurance policy or annuity contract in Utah?

  1. 15 days after the application
  2. 7 days after the first premium
  3. 10 days after delivery
  4. 30 days after delivery
Show the answer

C. 10 days after delivery — Utah Code 31A-22-423(1)(a)(i).

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