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ID Life Producer — Information & Free Practice

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ID Life Producer

Provider
Pearson VUE
Format
Written examination with general and Idaho sections; English and Spanish; in-person or online proctored.
Exam questions
75 scored questions: General Knowledge sections I-IV have 15, 15, 12 and 8; Idaho Specific Life sections I-III have 12, 3 and 10. Also 5 general and 6 Idaho pretest questions. The owner publishes question allocations, not fixed percentages.
Time limit
120 minutes
Exam fee
$65 per state, general, or combined examination appointment
Examination outline
  • General Knowledge I. Types of Policies
    • A. Traditional whole life products
    • A. Traditional whole life products — 1. Ordinary whole life
    • A. Traditional whole life products — 2. Limited-pay and single-premium life
    • B. Interest/market-sensitive/adjustable life products
    • B. Interest/market-sensitive/adjustable life products — 1. Universal life
    • B. Interest/market-sensitive/adjustable life products — 2. Variable whole life
    • B. Interest/market-sensitive/adjustable life products — 3. Variable universal life
    • B. Interest/market-sensitive/adjustable life products — 4. Interest-sensitive whole life
    • B. Interest/market-sensitive/adjustable life products — 5. Indexed life
    • C. Term life
    • C. Term life — 1. Types
    • C. Term life — 1.a. Level
    • C. Term life — 1.b. Decreasing
    • C. Term life — 1.c. Return of premium
    • C. Term life — 1.d. Annually renewable
    • C. Term life — 2. Special features
    • C. Term life — 2.a. Renewable
    • C. Term life — 2.b. Convertible
    • D. Annuities
    • D. Annuities — 1. Single and flexible premium
    • D. Annuities — 2. Immediate and deferred
    • D. Annuities — 3. Fixed and variable
    • D. Annuities — 4. Indexed
    • D. Annuities — 5. Accumulation and Annuity Periods
    • D. Annuities — 6. Payout options
    • E. Combination plans and variations
    • E. Combination plans and variations — 1. Joint life (first to die)
    • E. Combination plans and variations — 2. Survivorship life (second to die)
  • General Knowledge II. Life Provisions, Riders, Options, and Exclusions
    • A. Policy riders
    • A. Policy riders — 1. Waiver of premium and waiver of monthly deduction
    • A. Policy riders — 2. Guaranteed insurability
    • A. Policy riders — 3. Payor benefit
    • A. Policy riders — 4. Accidental death and/or accidental death and dismemberment
    • A. Policy riders — 5. Term riders
    • A. Policy riders — 6. Other insureds
    • A. Policy riders — 7. Long term care
    • A. Policy riders — 8. Return of premium
    • A. Policy riders — 9. Disability
    • A. Policy riders — 10. Cost of Living
    • B. Policy provisions and options
    • B. Policy provisions and options — 1. Entire contract
    • B. Policy provisions and options — 2. Insuring clause
    • B. Policy provisions and options — 3. Free look
    • B. Policy provisions and options — 4. Consideration
    • B. Policy provisions and options — 5. Owner’s rights
    • B. Policy provisions and options — 6. Beneficiary designations
    • B. Policy provisions and options — 6.a. Primary and contingent
    • B. Policy provisions and options — 6.b. Revocable and irrevocable
    • B. Policy provisions and options — 6.c. Common disaster
    • B. Policy provisions and options — 6.d. Minor beneficiaries
    • B. Policy provisions and options — 6.e. Designation by class
    • B. Policy provisions and options — 7. Premium Payment
    • B. Policy provisions and options — 7.a. Modes
    • B. Policy provisions and options — 7.b. Grace period
    • B. Policy provisions and options — 7.c. Automatic premium loan
    • B. Policy provisions and options — 7.d. Level or flexible
    • B. Policy provisions and options — 8. Reinstatement
    • B. Policy provisions and options — 9. Policy loans, withdrawals, partial surrenders
    • B. Policy provisions and options — 10. Non-forfeiture options
    • B. Policy provisions and options — 11. Dividends and dividend options (e.g. participating, non-participating)
    • B. Policy provisions and options — 12. Incontestability
    • B. Policy provisions and options — 13. Assignments
    • B. Policy provisions and options — 14. Suicide
    • B. Policy provisions and options — 15. Misstatement of age and gender
    • B. Policy provisions and options — 16. Settlement options
    • B. Policy provisions and options — 17. Accelerated death benefits
    • C. Policy exclusions
    • C. Policy exclusions — 1. War
    • C. Policy exclusions — 2. Aviation
    • C. Policy exclusions — 3. Dangerous Occupation
  • General Knowledge III. Completing the Application, Underwriting, and Delivering the Polices
    • A. Completing the application
    • A. Completing the application — 1. Required signatures
    • A. Completing the application — 2. Changes in the application
    • A. Completing the application — 3. Consequences of incomplete applications
    • A. Completing the application — 4. Warranties and representations
    • A. Completing the application — 5. Collecting the initial premium and issuing the receipt
    • A. Completing the application — 6. Replacement
    • A. Completing the application — 7. Disclosures at point of sale (e.g., HIPAA, HIV consent)
    • A. Completing the application — 8. USA PATRIOT Act/anti-money laundering
    • A. Completing the application — 9. Gramm-Leach-Bliley Act (GLBA) Privacy
    • B. Underwriting
    • B. Underwriting — 1. Insurable interest
    • B. Underwriting — 2. Medical information and consumer reports
    • B. Underwriting — 3. Fair Credit Reporting Act
    • B. Underwriting — 4. Risk classification
    • B. Underwriting — 5. Stranger/Investor-owned life insurance (STOLI/IOLI)
    • C. Delivering the policy
    • C. Delivering the policy — 1. When coverage begins
    • C. Delivering the policy — 2. Explaining the policy and its provisions, riders, exclusions, and ratings to the client
    • D. Contract law
    • D. Contract law — 1. Elements of a contract
    • D. Contract law — 1.a. Consideration
    • D. Contract law — 1.b. Offer and Acceptance
    • D. Contract law — 1.c. Competent parties
    • D. Contract law — 1.d. Legal purpose
    • D. Contract law — 2. Unique aspects of the insurance contract
    • D. Contract law — 2.a. Conditional
    • D. Contract law — 2.b. Unilateral
    • D. Contract law — 2.c. Adhesion
    • D. Contract law — 2.d. Aleatory
  • General Knowledge IV. Retirement and Other Insurance Concepts
    • A. Third-party ownership
    • B. Life Settlements
    • C. Group life insurance
    • C. Group life insurance — 1. Conversion privilege
    • C. Group life insurance — 2. Contributory vs. noncontributory
    • D. Retirement plans
    • D. Retirement plans — 1. Qualified plans
    • D. Retirement plans — 2. Nonqualified plans
    • E. Life insurance needs analysis/suitability
    • E. Life insurance needs analysis/suitability — 1. Personal insurance needs
    • E. Life insurance needs analysis/suitability — 2. Business insurance needs
    • E. Life insurance needs analysis/suitability — 2.a. Key person
    • E. Life insurance needs analysis/suitability — 2.b. Buy sell
    • F. Social Security benefits
    • G. Tax treatment of insurance premiums, proceeds, and dividends
    • G. Tax treatment of insurance premiums, proceeds, and dividends — 1. Individual life
    • G. Tax treatment of insurance premiums, proceeds, and dividends — 2. Group life
    • G. Tax treatment of insurance premiums, proceeds, and dividends — 3. Modified Endowment Contracts (MECs)
  • Idaho Specific Life I. Idaho Statutes, Rules, and Regulations Common to Life, Health/Disability, Property, Casualty, and Personal Lines Insurance
    • A. Responsibilities of the Director of the Department of Insurance
    • A. Responsibilities of the Director of the Department of Insurance — 1. Appointment
    • A. Responsibilities of the Director of the Department of Insurance — 2. General duties and powers
    • A. Responsibilities of the Director of the Department of Insurance — 3. Examinations
    • A. Responsibilities of the Director of the Department of Insurance — 4. Hearings/notice of hearings/orders
    • A. Responsibilities of the Director of the Department of Insurance — 5. Penalties
    • B. Definitions
    • B. Definitions — 1. Domestic company
    • B. Definitions — 2. Foreign company
    • B. Definitions — 3. Alien company
    • B. Definitions — 4. Fraternals
    • B. Definitions — 5. Authorized and unauthorized companies/admitted and nonadmitted companies
    • B. Definitions — 6. Stock and mutual companies and reciprocals
    • B. Definitions — 7. Certificate of authority
    • B. Definitions — 8. Transacting insurance
    • B. Definitions — 9. Negotiate
    • C. Licensing
    • C. Licensing — 1. Persons required to be licensed
    • C. Licensing — 1.a. Producer
    • C. Licensing — 1.b. Resident/nonresident
    • C. Licensing — 2. Producer appointment/termination of appointment
    • C. Licensing — 3. Obtaining a license
    • C. Licensing — 3.a. Qualifications
    • C. Licensing — 3.b. License application
    • C. Licensing — 3.c. Written examinations
    • C. Licensing — 3.d. Exemptions/exceptions
    • C. Licensing — 3.e. License denial/refusal
    • C. Licensing — 4. Maintaining a license
    • C. Licensing — 4.a. Continuing education
    • C. Licensing — 4.b. Change of address/place of business
    • C. Licensing — 4.c. Fees/renewal
    • C. Licensing — 4.d. Record keeping
    • C. Licensing — 4.e. License expiration
    • C. Licensing — 4.f. Suspension or revocation of licenses/felony convictions
    • D. Producer responsibilities
    • D. Producer responsibilities — 1. Fiduciary capacity
    • D. Producer responsibilities — 2. Commissions and compensation
    • D. Producer responsibilities — 3. Charging of fees and disclosure requirements
    • D. Producer responsibilities — 4. Reporting of actions
    • E. Insurance contracts
    • E. Insurance contracts — 1. Filing and approval of policy forms
    • E. Insurance contracts — 2. Payment of claims
    • E. Insurance contracts — 3. Power to contract
    • F. Marketing practices
    • F. Marketing practices — 1. Unfair claims practices
    • F. Marketing practices — 2. Unfair methods of competition
    • F. Marketing practices — 2.a. Rebating
    • F. Marketing practices — 2.b. Misrepresentation
    • F. Marketing practices — 2.c. False advertising
    • F. Marketing practices — 2.d. Defamation
    • F. Marketing practices — 2.e. False financial statements
    • F. Marketing practices — 2.f. Boycott, coercion, intimidation
    • F. Marketing practices — 2.g. Unfair discrimination
    • F. Marketing practices — 2.h. Coercion of borrower
    • F. Marketing practices — 2.i. Fraud
    • F. Marketing practices — 2.j. Twisting
    • F. Marketing practices — 3. Penalties
  • Idaho Specific Life II. Idaho Statutes, Rules, and Regulations Common to Life and Health/Disability Insurance Only
    • A. Credit life and disability insurance
    • B. Life And Health Insurance Guaranty Association Act
    • C. Assignment
  • Idaho Specific Life III. Idaho Statutes, Rules, and Regulations Pertinent to Life Insurance Only
    • A. Policy replacement
    • A. Policy replacement — 1. Purpose
    • A. Policy replacement — 2. Definitions
    • A. Policy replacement — 3. Exemptions
    • A. Policy replacement — 4. Duties of producer
    • A. Policy replacement — 5. Duties of replacing insurance company
    • B. Annuity contracts
    • B. Annuity contracts — 1. Suitability in Annuity transactions
    • C. Individual life
    • C. Individual life — 1. Standard provisions
    • C. Individual life — 1.a. Grace period
    • C. Individual life — 1.b. Policy loan and loan interest rates
    • C. Individual life — 1.c. Policy reinstatement
    • C. Individual life — 1.d. Free look
    • C. Individual life — 1.e. Protection of beneficiaries from creditors
    • C. Individual life — 2. Life Settlements Act
    • D. Group life
    • D. Group life — 1. Standard provisions
    • D. Group life — 2. Conversion rights
    • D. Group life — 3. Eligible groups
Examination sources

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