TLAHI - Tennessee Life and Accident and Health Insurance Exam

Question 1: A newly licensed producer asks which state authority regulates insurance in Tennessee and who directs it, and is surprised to learn the state keeps no stand-alone insurance department. Which authority and official carry out insurance regulation in Tennessee?

The Tennessee Department of Insurance

An elected state insurance board

Commerce and Insurance, and its Commissioner

The Governor's insurance advisory council

Question 2: The Tennessee outline lists the Commissioner's powers and cites separate statutes for hearings, investigations, and penalties. A candidate notices investigations are housed apart from the main licensing enforcement section. Which statement best reflects how Tennessee organizes these powers?

Investigations sit in their own statute

All powers appear in one statute

Local prosecutors conduct the investigations

The Governor conducts insurance investigations

Question 3: A Tennessee producer collects premium money from a client to forward to the insurer, and a question arises about the legal character of those funds while they remain in the producer's hands. How does Tennessee law treat premium money a producer receives?

As the producer's earned income

As a general debt to the insurer

As funds owned outright by the client

As money held in a fiduciary capacity

Question 4: A Tennessee agency holds a business entity insurance license, while its owner holds an individual producer license on a two-year cycle. The office manager asks when the agency's own license expires. How does Tennessee set the business entity license expiration?

On the owner's individual renewal date

Every two years on March 1

On the agency's incorporation anniversary

Annually each December

Question 5: Two Tennessee applicants renew licenses on the same day. One holds a full insurance producer license and the other a limited lines producer license, and each pays a different renewal fee. What does that fee difference confirm about the two license classes?

Limited producers need no renewal

The fees are identical statewide

They are legally distinct license classes

Limited producers pay the higher fee

Question 6: Tennessee law says only a licensed person may perform certain acts with respect to a contract of insurance in the state. A trainee asks which three activities require a producer license. Which set of activities does Tennessee reserve to licensed producers?

Sell, solicit, or negotiate insurance

Advertise, print, or mail policies

Underwrite, rate, or reinsure risks

Audit, inspect, or appraise property

Question 7: A Tennessee study group debates where the code defines a domestic insurer versus a foreign insurer. One member insists the definitions sit in the producer licensing chapter. In which part of the Tennessee code do these company definitions actually appear?

In the producer licensing chapter

In the unfair practices chapter

In the guaranty association chapter

In the general provisions chapter

Question 8: A Tennessee corporation applies for a business entity insurance license and must name a responsible person. The Department asks the corporation to identify who will answer for the entity's compliance with insurance law. What must that designated person be?

Any full-time salaried employee

A licensed attorney for the firm

A principal or officer who is licensed

A resident of Tennessee only

Question 9: A Tennessee applicant wants to sell only travel insurance and asks whether she must pass the written producer examination, since she holds no other insurance credentials. Which statement best describes how Tennessee treats a limited line such as travel insurance?

Listed limited lines are exam-exempt

All applicants must pass the exam

Travel insurance cannot be sold here

Only attorneys may sell limited lines

Question 10: A Tennessee producer diverts client premium funds to cover personal expenses rather than forwarding them to the insurer. The Department reviews the conduct against the producer's duties. What consequence does Tennessee attach to breaching the fiduciary duty over premium funds?

A written warning with no penalty

Grounds to revoke the license

An automatic criminal conviction

Loss of appointment fees only

Question 11: A Tennessee resident passes her producer examination at a test center and wants to file her license application right away. The instructor mentions a required waiting period tied to the exam. How long must she wait after testing before filing the application electronically?

Twenty-four hours

Ten days

Thirty days

Forty-eight hours

Question 12: A Tennessee candidate fails the producer examination on his first attempt and asks how soon he may test again, and what the rule is after any further failures. Which pair of waiting periods does Tennessee apply to retaking the examination?

Ten days, then thirty days

Thirty days, then ninety days

Twenty-four hours for every retake

No waiting period applies

Question 13: A Tennessee applicant plans to complete a fingerprint-based background check as part of licensing and wants to schedule it correctly relative to her application. What does Tennessee advise about when to complete the fingerprint check in relation to submitting the application?

It may be done after licensing

It is optional for residents

Complete it before submitting the application

It replaces the written examination

Question 14: A Tennessee resident applying for a producer license reviews the costs involved, including a nonrefundable filing fee paid to the Department, and wants to know how long that payment remains good. What does Tennessee provide about application and filing fees?

They are refundable on withdrawal

They are good for one year

They never expire once paid

They cover appointment costs too

Question 15: A licensed producer moves from another state to Tennessee and wants to keep an examination exemption based on her prior resident license. A colleague mentions a filing deadline tied to the move. Within what period must she apply in Tennessee to preserve the exemption?

Within thirty days of moving

Within one year of moving

There is no deadline

Within ninety days of the move

Question 16: A Tennessee producer moves to a new home and must update the Department, and asks how quickly the change of address must be reported. Using the number both official Tennessee sources agree on, what is the reporting deadline?

Within thirty days of the change

Within ten days of the change

Within six months of the change

Only at the next renewal

Question 17: A Tennessee producer is disciplined by another state's insurance regulator and knows he must report the action to the Tennessee Commissioner, but is unsure when the clock starts. From what event does Tennessee measure the thirty-day reporting deadline?

From the date he is first accused

From the next license renewal

From the final disposition of the matter

From the day he hires an attorney

Question 18: A Tennessee producer faces a criminal prosecution and must report it to the Commissioner, but assumes reporting waits until a conviction. Under Tennessee law, from what point does the thirty-day duty to report a criminal prosecution actually run?

From the date of conviction

From the date of arrest

From the return of an indictment

From the initial pretrial hearing date

Question 19: A Tennessee producer wonders how she will be reminded that her license is about to expire. The Department follows a set practice for notifying licensees before the renewal date. How far ahead does Tennessee email the renewal notice?

Ninety days before expiration

Ten days before expiration

One year before expiration

No notice is sent

Question 20: A Tennessee producer, whether resident or nonresident, asks how long a producer license remains in force before renewal, noting that the same rule covers full and limited lines producers alike. What renewal term does Tennessee assign to a producer license?

One year

Three years

Two years

Five years

TLAHI Tennessee Life and Accident and Health Insurance Exam - Set 1 - Part 1