Utah Producer’s Combined Life, Accident and Health Exam Series 17-03 - Part 150 Questions

Sep 25, 2026

Uploaded by Theodore

Utah Producer’s Combined Life, Accident and Health exam series study outline covering 150 scored questions plus 5 unscored items within a 2.5-hour time limit. Topics span Utah insurance regulation for producers and licensees, including licensing, renewal, education, reinstatement, disciplinary actions, and record/reporting duties. It also covers state and federal regulatory requirements, general insurance risk concepts, agency and contract fundamentals, and core life insurance basics such as underwriting and policy types.

LanguageEnglish

CategoryExam

FormatPDF

Pages8

Reading Time20 min

AccessFree to download

1.0 Insurance Regulation

1.1 Licensing

1.2 State regulation

1.3 Federal regulation

2.0 General Insurance

2.1 Concepts

2.2 Insurers

2.3 Producers and general rules of agency

2.4 Contracts

3.0 Life Insurance Basics

3.1 Insurable interest

3.2 Personal uses of life insurance

3.3 Life settlements

3.4 Determining amount of personal life insurance

3.5 Business uses of life insurance

3.6 Classes of life insurance policies

3.7 Premiums

3.8 Licensee responsibilities

3.9 Individual underwriting by the insurer

4.0 Life Insurance Policies

4.1 Term life insurance

4.2 Whole life insurance

Utah Producer’s Combined Life, Accident and Health Exam Series 17-03 150 questions (plus 5 unscored items) 2.5-hour time limit 1.0 Insurance Regulation 9%(13 Items) 1.1 Licensing Purpose (31A-23a-101) Qualifications (31A-23a-107, 108) Process (31A-23a-103–105, 107, 302) Types of licensees (31A-1-301, 31A-23a-106, 203, 401, 504) Producers Consultants Adjusters Nonresidents (31A-23a-109) Maintenance and duration Renewal (31A-23a-105) Continuing education requirements (31A-23a- 202; Reg R590-142-1-10) Reinstatement (31A-23a-111(2), 113) Assumed name (31A-23a-110(2)) Change of address or telephone number (31A- 23a-412(1)(c)) Reporting of actions (31A-23a-105(2)(b)) Disciplinary actions License termination, suspension, or revocation (31A-2-308(10)(a); 31A-23a-111) Probation (31A-23a-112) Monetary forfeiture (fines) (31A-2-308) 1.2 State regulation Commissioner's general duties and powers (31A-2- 201) Company regulation Solvency (31A-4-105, 105.5) Rates (31A-19a-201–203) Policy forms (31A-21-201–203) Producer appointment (31A-23a-115; Reg R590-244-1–14) Termination of appointment (Reg R590-244-1– 14) Unfair claim settlement practices (31A-26-303; Reg R590-190–192) Producer regulation Fiduciary and trust account responsibilities (31A-23a-409) Place of business/records maintenance (31A- 23a-412) Controlled business (31A-23a-502) Shared commissions (31A-23a-504) Unfair marketing practices (Reg R590-154) Misrepresentation (31A-21-105; 31A-23a- 402(1)) False advertising (31A-23a-402(1)) Rebating (31A-23a-402(2), 31A-1-301(145)) Unfair discrimination (31A-23a-402(3)) Boycott, coercion or intimidation (31A-23a- 402(4)) Illegal inducement (31A-23a-402.5, Reg R590- 154-11) Examination of records (31A-2-203–205; 31A-23a- 412) Privacy of Consumer Information (Reg R590-206) Insurance fraud regulation (31A-31-103–106) Personal liability for unpaid claims (31A-15-105) 1.3 Federal regulation Fair Credit Reporting Act (15 USC 1681–1681d) Fraud and false statements (18 USC 1033, 1034) Privacy (Gramm Leach Bliley) National Do Not Call List Affordable Care Act 2.0 General Insurance 6%(9 Items) 2.1 Concepts Risk management key terms Risk Exposure Hazard Peril Loss Methods of handling risk Avoidance Retention Sharing Reduction Transfer Elements of insurable risks Adverse selection Law of large numbers Reinsurance 2.2 Insurers Types of insurers Stock companies Mutual companies Fraternal benefit societies Reciprocals Lloyd's associations Risk retention groups Private versus government insurers Admitted versus nonadmitted insurers Domestic, foreign and alien insurers Financial status (independent rating services) Marketing (distribution) systems 2.3 Producers and general rules of agency Insurer as principal Producer/insurer relationship Authority and powers of producer Express Implied Apparent Responsibilities to the applicant/insured 2.4 Contracts Elements of a legal contract Offer and acceptance Consideration Competent parties Legal purpose Distinct characteristics of an insurance contract Contract of adhesion Aleatory contract Personal contract Unilateral contract Conditional contract Legal interpretations affecting contracts Ambiguities in a contract of adhesion Reasonable expectations Indemnity Utmost good faith Representations/misrepresentations Warranties Concealment Fraud Waiver and estoppel 3.0 Life Insurance Basics 10%(15 Items) 3.1 Insurable interest (31A-21-104) 3.2 Personal uses of life insurance Survivor protection Estate creation Cash accumulation Liquidity Estate conservation 3.3 Life settlements (including stranger originated life insurance) 3.4 Determining amount of personal life insurance Human life value approach Needs approach Types of information gathered Determining lump-sum needs Planning for income needs

FAQs

What is the exam series format and time limit?

The exam series includes 150 questions plus 5 unscored items, with a 2.5-hour time limit.

Which Utah licensing topics are included?

The outline covers licensing purpose and qualifications, types of licensees, maintenance and duration, renewal, continuing education, reinstatement, assumed name, address/telephone changes, reporting actions, and license termination or suspension.

What life insurance concepts and underwriting areas are tested?

The exam covers insurable interest, uses of life insurance, policy classes, premiums, solicitation/advertising/illustrations, and insurer underwriting topics including risk classification, medical exams, and related regulatory requirements.

Sep 25, 2026

Uploaded by Theodore