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Life and Health Insurance Producer Exam

Policy provisions (WV): 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 · West Virginia

After how long in force during the insured's lifetime must an individual life policy become incontestable (except for nonpayment of premium)?

  1. Three years from the first premium
  2. One year from the issue date
  3. Five years from the issue date
  4. Two years from the issue date
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D. Two years from the issue date — W. Va. Code 33-13-4.

Question 2 · West Virginia

Under the legal actions provision, when may an insured sue on an accident and sickness policy?

  1. Any time after the claim is denied, with no limit
  2. Only within 30 days after proof of loss
  3. Only after 6 months of arbitration
  4. Not until 60 days after proof of loss, nor later than 3 years after it is required
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D. Not until 60 days after proof of loss, nor later than 3 years after it is required — W. Va. Code 33-15-4(k).

Question 3 · West Virginia

Under the required accident and sickness provision, when must written notice of claim normally be given?

  1. Within 90 days of the loss
  2. Within 15 days of the loss, with no exception for late notice
  3. Within 20 days, or as soon as reasonably possible
  4. Within one year of the loss
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C. Within 20 days, or as soon as reasonably possible — W. Va. Code 33-15-4(e).

Question 4 · West Virginia

What minimum grace period must an accident and sickness policy with monthly premiums allow?

  1. Ten days
  2. Thirty-one days
  3. Five days
  4. Seven days
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A. Ten days — W. Va. Code 33-15-4(c).

Question 5 · West Virginia

What grace period must an individual life insurance policy allow for premiums after the first?

  1. 31 days
  2. 60 days
  3. 10 days
  4. One month
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A. 31 days — W. Va. Code 33-13-3.

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