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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo : Life and Accident and Health or Sickness Producer - Combo Series 20-30

Life-and-Accident-and-Health-or-Sickness-Producer-Combo real exams

Exam Code: Life-and-Accident-and-Health-or-Sickness-Producer-Combo

Exam Name: Life and Accident and Health or Sickness Producer - Combo Series 20-30

Updated: Oct 19, 2026

Q & A: 265 Questions and Answers

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About Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam

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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionObjectives
Topic 1: Insurance Fundamentals- Basic insurance principles
- Insurable interest and risk management concepts
Topic 2: State Insurance Regulations- Unfair trade practices and compliance
- Producer licensing requirements
Topic 3: Annuities- Annuity types and features
- Accumulation and payout options
Topic 4: Life Insurance- Types of life insurance policies
  • 1. Whole life insurance
    • 2. Universal life insurance
      • 3. Term life insurance
        - Life policy provisions and riders
        Topic 5: Ethics and Professional Conduct- Ethical responsibilities of insurance producers
        - Consumer protection standards
        Topic 6: Policy Provisions and Options- Beneficiaries and policy ownership
        - Standard policy provisions
        Topic 7: Federal Regulations and Taxation- Tax treatment of insurance products
        - Federal insurance-related regulations
        Topic 8: Accident and Health Insurance- Disability income and medical expense coverage
        - Health insurance plans and structures

        Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

        Question #1
        An accident and health insurance producer is most likely to become liable for professional errors and omissions as the result of:

        A. Submitting a premium payment to an insurer in excess of the required amount
        B. Incorrect filing of federal income taxes
        C. Misleading a prospective insured in replacing accident and health insurance
        D. An accounting error discovered by the producer's accountant


        Question #2
        An insurance adviser's written contract with the client must include all of the following EXCEPT:

        A. Duration of the contract
        B. Amount of the fee
        C. Disclosure as to whether commissions may be received
        D. Expiration date of the consultant's license


        Question #3
        One factor in premium determination is the expenses of the:

        A. Policy beneficiary
        B. Producer
        C. Insurer
        D. Policy owner


        Question #4
        Which of the following statements about the contestability of a life insurance policy is true?

        A. The policy can be contested by the insurer at all times
        B. The policy can be contested only if the insured is convicted of a felony
        C. The policy cannot be contested by the insurer once it is paid for and issued
        D. The policy can be contested by the insurer only during the first two years of the contract


        Question #5
        The entire contract provision in an individual accident and health insurance policy states that the producer:

        A. May waive only certain contract provisions
        B. Has company authority to waive any contract provisions
        C. Has company authority to change the policy
        D. Has no authority to change the policy or waive any of its provisions


        Solutions:

        Question #1
        Correct Answer: C
        Question #2
        Correct Answer: D
        Question #3
        Correct Answer: C
        Question #4
        Correct Answer: D
        Question #5
        Correct Answer: D

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