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Questions 3

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In order for nonresident applicants to be eligible for an insurance producer license in this state, they MUST: . reside less than twenty-five miles from the state border OB. hold a like license in another state OC. plan to move to this state within six months after they submit their application maintain an office in this state OD The Life Insurance and Annuity Replacement Rule is designed for which of the following purposes? . . To prohibit the replacement of life insurance policies and annuities To ensure that policyowners receive adequate information on which to base a replacement decision To protect the interests of insurance companies and their producers To regulate the replacement of group life insurance and group annuities OC. OD. All of the following elements must be included in a policy summary given to a purchaser of life insurance EXCEPT the: . names and addresses of each beneficiary . full name and address of the insurance company OC. . generic names of the basic policy and each rider OD name and address of the insurance producer