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

  • 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: Sep 27, 2026   Q&As: 265 Questions and Answers

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

SectionObjectives
Life Insurance- Policy provisions and riders
  • 1. Beneficiaries and settlements
    • 2. Policy loans and dividends
      - Life insurance policies
      • 1. Whole life insurance
        • 2. Universal life insurance
          • 3. Term life insurance
            General Insurance Concepts- Insurance principles and risk management
            • 1. Risk types and management methods
              • 2. Insurance contract fundamentals
                Accident and Health Insurance- Policy provisions
                • 1. Coordination of benefits
                  • 2. Exclusions and limitations
                    - Health insurance types
                    • 1. Disability income insurance
                      • 2. Long-term care insurance
                        • 3. Medical expense insurance
                          State Law and Regulations- Insurance producer regulations
                          • 1. Licensing requirements
                            • 2. Ethics and fiduciary duties

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

                              Question #1

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

                              • A. Has company authority to change the policy
                              • B. Has company authority to waive any contract provisions
                              • C. Has no authority to change the policy or waive any of its provisions
                              • D. May waive only certain contract provisions
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                              Question #2

                              The nonforfeiture option which permits a policyowner to purchase the same type of policy with the net cash value is the:

                              • A. Endowment value option
                              • B. Extended term insurance option
                              • C. Loan value option
                              • D. Reduced paid-up insurance option
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                              Question #3

                              Which activity is an unfair claims settlement practice?

                              • A. Denying claims on the basis of specific policy provisions
                              • B. Including an arbitration provision in the insurer ' s policies
                              • C. Negotiating the payment of claims where coverage or liability is in question
                              • D. Offering settlements that are less than the fair value to offset insurer expenses
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                              Question #4

                              All of the following have a restricted ability to enter into a contract EXCEPT:

                              • A. Individuals who are mentally ill
                              • B. Individuals who are intoxicated
                              • C. Minors under a certain age
                              • D. Individuals who are retired
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                              Question #5

                              Which activity requires an individual to be licensed as an adviser, rather than as a producer?

                              • A. Binding insurance coverage with licensed insurers
                              • B. Charging a fee for contracted insurance advisory services
                              • C. Giving advice on policy coverages to an insured
                              • D. Receiving commissions from an insurance company
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

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