Chapter exam-Tennessee laws and rules
In Tennessee, a(n) _______ insurance company is one formed under the laws of a state outside of
Tennessee - correct answer ✔✔foreign
When a Medicare supplement policy is delivered to a policyholder, which of the following MUST
accompany the policy? - correct answer ✔✔Outline of Coverage
When engaged in an insurance transaction in Tennessee, the producer represents the - correct answer
✔✔insurer
XYZ Corp was issued a group Accident and Health policy for its employees. Under this plan a - correct
answer ✔✔policy must be issued to XYZ, and a certificate must be issued to each employee
An insurance producer could be found guilty of rebating by - correct answer ✔✔sharing commissions
with a client who has purchased insurance
A producer MUST leave a buyers guide with an applicant for which type of policy - correct answer
✔✔universal life insurance
Who determines education credits needed for a producers continuing education - correct answer
✔✔Commissioner of Commerce and Insurance
All of these insurance subjects qualify for continuing education credits in Tennessee EXCEPT - correct
answer ✔✔Motivating producers
When a life insurance application is completed, a policy summary must be given to the applicant. The
policy summary must include. - correct answer ✔✔the premium cost for basic coverage applied for
An individual health insurance policy is REQUIRED to contain a(n) - correct answer ✔✔Payment of Claims
provision
In Tennessee, a(n) _______ insurance company is one formed under the laws of a state outside of
Tennessee - correct answer ✔✔foreign
When a Medicare supplement policy is delivered to a policyholder, which of the following MUST
accompany the policy? - correct answer ✔✔Outline of Coverage
When engaged in an insurance transaction in Tennessee, the producer represents the - correct answer
✔✔insurer
XYZ Corp was issued a group Accident and Health policy for its employees. Under this plan a - correct
answer ✔✔policy must be issued to XYZ, and a certificate must be issued to each employee
An insurance producer could be found guilty of rebating by - correct answer ✔✔sharing commissions
with a client who has purchased insurance
A producer MUST leave a buyers guide with an applicant for which type of policy - correct answer
✔✔universal life insurance
Who determines education credits needed for a producers continuing education - correct answer
✔✔Commissioner of Commerce and Insurance
All of these insurance subjects qualify for continuing education credits in Tennessee EXCEPT - correct
answer ✔✔Motivating producers
When a life insurance application is completed, a policy summary must be given to the applicant. The
policy summary must include. - correct answer ✔✔the premium cost for basic coverage applied for
An individual health insurance policy is REQUIRED to contain a(n) - correct answer ✔✔Payment of Claims
provision
