OpenExamsFREE PRACTICE — ANY EXAM

Rhode Island Life Insurance — Requirements & Free Practice

US-RI · License preparation

137 free questions · Answer explanations · No signup required

Choose what to practice

Start with an exam below. Your examination requirements depend on your application pathway. View licensing requirements

Loading selected examination banks…

Licenses, application pathways and examination requirements

Each license and applicant pathway has its own requirements and exemptions. Choosing practice questions does not determine your eligibility.

Voluntary Insurance Producer Business Entity License

Voluntary business entity license for resident or non-resident entities, requiring at least one designated responsible licensed producer with an active Rhode Island resident or non-resident license.

Licensing authority: Department of Business Regulation · Application information

Nonresident voluntary business entity issuance
No examination is required for this applicant pathway.
Application
Submit the business entity application and fees for the life line.
Individual Authority
Individuals selling, soliciting or negotiating insurance must hold their own producer licenses.
Residency
nonresident
Responsible Producer
Designate at least one producer with an active Rhode Island resident or nonresident license; DRLPs need not cumulatively cover the entity’s lines.
Voluntary
The ordinary insurance producer business entity license is voluntary.

Official no-examination sources

Effective from 2026-09-22.

Nonresident voluntary business entity renewal
No examination is required for this applicant pathway.
Application
Renew the business entity license and pay the fee for the individual license of the same class under § 5.5(A).
Residency
nonresident
Responsible Producer
Maintain the designated responsible licensed producer requirement.

Official no-examination sources

Effective from 2026-09-22.

Resident voluntary business entity issuance
No examination is required for this applicant pathway.
Application
Submit the business entity application and fees for the life line.
Individual Authority
Individuals selling, soliciting or negotiating insurance must hold their own producer licenses.
Residency
resident
Responsible Producer
Designate at least one producer with an active Rhode Island resident or nonresident license; DRLPs need not cumulatively cover the entity’s lines.
Voluntary
The ordinary insurance producer business entity license is voluntary.

Official no-examination sources

Effective from 2026-09-22.

Resident voluntary business entity renewal
No examination is required for this applicant pathway.
Application
Renew the business entity license and pay the fee for the individual license of the same class under § 5.5(A).
Residency
resident
Responsible Producer
Maintain the designated responsible licensed producer requirement.

Official no-examination sources

Effective from 2026-09-22.

Insurance Producer License — Life Insurance

Individual life-insurance line of authority, including endowment and annuities and the incidental benefits named in § 27-2.4-9(a)(1). Resident and nonresident pathways share this license identity.

Licensing authority: insurance division of the department of business regulation of the state of rhode island · Application information

Life producer deemed licensed to operate as a life settlement broker
No examination is required for this applicant pathway.
Notice
Notify the Commissioner within 30 days of first operating as a broker, pay the applicable fee, and acknowledge compliance with the Life Settlements Act.
Prior License
Section 27-72-3(c) states: (c)  A life insurance producer who has been duly licensed as a resident insurance producer with a life line of authority in this state or his or her home state for at least one year and is licensed as a nonresident producer in this state shall be deemed to meet the licensing requirements of this section and shall be permitted to operate as a broker.
Training
A life-insurance producer operating as a broker under this provision is exempt from the separate 15-hour broker training requirement.

Official no-examination sources

Effective from 2026-09-22.

New nonresident application after reinstatement eligibility ends
No examination is required for this applicant pathway.
Application
Submit a new NIPR nonresident application and fees.
Home License
Currently licensed in good standing in the home state for life insurance.
Prior License
Previous Rhode Island license expired more than one year ago.
Reciprocity
Home state grants reciprocal licenses on the same basis.

Official no-examination sources

Effective from 2026-09-22.

Reactivate as a nonresident after leaving Rhode Island
No examination is required for this applicant pathway.
New Home License
Obtain a new resident license after leaving Rhode Island.
Request
Email DBR requesting cancellation and subsequent nonresident reactivation; satisfy reciprocal nonresident licensing requirements.

Official no-examination sources

Effective from 2026-09-22.

Nonresident licensure by reciprocity
No examination is required for this applicant pathway.
Application
Submit the home-state application or a uniform application, proper request and fees through NIPR.
Home License
Current resident life-insurance producer license in good standing in the home state.
Reciprocity
Home state awards nonresident producer licenses to Rhode Island residents on the same basis.

Official no-examination sources

Effective from 2026-09-22.

Nonresident reinstatement within twelve months of expiration
No examination is required for this applicant pathway.
Application
Submit the reinstatement application and all applicable renewal and late fees.
Background Answers
Provide explanations and documentation for unreported affirmative background answers.
Continuing Education
Resident continuing education must be completed as if renewed on time; nonresidents satisfy reciprocal home-state requirements.
Expiration
Apply within twelve months of the renewal due date.
Fee Conflict
Statute § 27-2.4-9(c) requires double the unpaid renewal fee; DBR reinstatement instructions state a $50 late fee plus $120 resident or $130 nonresident renewal fee.
Residency
nonresident

Official no-examination sources

Effective from 2026-09-22.

Nonresident biennial renewal
No examination is required for this applicant pathway.
Application
Complete NIPR renewal and pay the applicable fee.
Background Answers
Upload explanation and supporting documents for unreported affirmative background answers.
Continuing Education
Home-state compliance satisfies Rhode Island continuing education when the home state recognizes Rhode Island compliance on the same basis.
Home License
Maintain qualifying home-state resident authority and good standing.

Official no-examination sources

Effective from 2026-09-22.

Resident licensure based on prior same line license
No examination is required for this applicant pathway.
Application
Meet the other resident licensing requirements of § 27-2.4-8, including age, conduct, application and fees.
Errors And Omissions
Maintain at least $250,000 per claim and $500,000 annual aggregate errors and omissions insurance, subject to the statutory direct-insurer employment and written inactive-producer exemptions.
Good Standing
Prior-state certification or NAIC producer database must establish good standing for the requested line.
License Currency
Currently licensed there, or application received within 90 days of cancellation.
Prior Authority
Previously licensed for the same life-insurance authority in another state.
State Law Knowledge
Certify knowledge of Rhode Island law applicable to producers.

Official no-examination sources

Effective from 2026-09-22.

Renewal procedure relief for military service or other extenuating circumstances
No examination is required for this applicant pathway.
Continuing Education
A continuing education extension requires good cause and ordinarily cannot exceed one year absent extraordinary circumstances.
Extenuating Circumstances
Inability to comply because of military service or another extenuating circumstance such as long-term medical disability.
Waiver Request
Request Commissioner waiver of renewal procedures, any examination requirement or sanction; relief is discretionary.

Official no-examination sources

Effective from 2026-09-22.

Convert an existing Rhode Island nonresident license after relocation
No examination is required for this applicant pathway.
Continuing Education
Comply with applicable Rhode Island continuing education requirements.
Conversion Request
Email DBR the new Rhode Island resident address; cancel or convert the previous resident license.
Errors And Omissions
Maintain at least $250,000 per claim and $500,000 annual aggregate errors and omissions insurance, subject to the statutory direct-insurer employment and written inactive-producer exemptions.
Expiration
Existing Rhode Island license expiration date does not change.
Prior Authority
Existing active Rhode Island nonresident life-insurance producer license and prior resident authority.

Official no-examination sources

Effective from 2026-09-22.

Resident licensure by examination
Rhode Island Life Producer
Application
Submit the uniform application and applicable fees through NIPR.
Background Check
Provide a Rhode Island Attorney General BCI issued within 30 days; email it with the NIPR transaction number.
Conduct
No act constituting a statutory ground for denial, suspension, or revocation.
Errors And Omissions
Maintain at least $250,000 per claim and $500,000 annual aggregate errors and omissions insurance, subject to the statutory direct-insurer employment and written inactive-producer exemptions.
Exam Score Timing
DBR FAQ: apply within one year of passing; allow 3–5 business days for electronic score transmission.
Minimum Age
At least 18 years old.
Prelicensing Education
No statutory prelicensing education requirement.
Residency
Rhode Island resident as defined in § 27-2.4-2(16).
New resident application after reinstatement eligibility ends
Rhode Island Life Producer
Application
Apply under the ordinary resident licensing requirements; same-line prior-state exemptions in § 27-2.4-11 remain available if their conditions are satisfied.
Errors And Omissions
Maintain at least $250,000 per claim and $500,000 annual aggregate errors and omissions insurance, subject to the statutory direct-insurer employment and written inactive-producer exemptions.
Prior License
Previous license expired more than one year ago and cannot be reinstated under 230-RICR-20-50-2 § 2.5(A)(4)(b).
Residency
Rhode Island resident.
Resident reinstatement within twelve months of expiration
No examination is required for this applicant pathway.
Application
Submit the reinstatement application and all applicable renewal and late fees.
Background Answers
Provide explanations and documentation for unreported affirmative background answers.
Continuing Education
Resident continuing education must be completed as if renewed on time; nonresidents satisfy reciprocal home-state requirements.
Expiration
Apply within twelve months of the renewal due date.
Fee Conflict
Statute § 27-2.4-9(c) requires double the unpaid renewal fee; DBR reinstatement instructions state a $50 late fee plus $120 resident or $130 nonresident renewal fee.
Residency
resident

Official no-examination sources

Effective from 2026-09-22.

Resident licensure after relocation without an existing Rhode Island license
No examination is required for this applicant pathway.
Errors And Omissions
Maintain at least $250,000 per claim and $500,000 annual aggregate errors and omissions insurance, subject to the statutory direct-insurer employment and written inactive-producer exemptions.
Implementation Instructions
DBR FAQ directs cancellation of the former resident license and application at NIPR at least 24 hours, but no more than 90 days, after cancellation.
Prior Authority
Hold a life-insurance producer license in the former resident state.
Relocation Deadline
Apply within 90 days of establishing Rhode Island legal residence.
State Law Knowledge
Certify applicable Rhode Island law knowledge under § 27-2.4-11(a).

Official no-examination sources

Effective from 2026-09-22.

Resident biennial renewal
No examination is required for this applicant pathway.
Application
Complete NIPR renewal and pay the applicable renewal fee.
Background Answers
Upload explanation and supporting documents for unreported affirmative background answers.
Continuing Education
Unless exempt, complete 24 approved credits per biennial period, including 3 ethics credits, and ensure they appear on the transcript.
Errors And Omissions
Maintain at least $250,000 per claim and $500,000 annual aggregate errors and omissions insurance, subject to the statutory direct-insurer employment and written inactive-producer exemptions.

Official no-examination sources

Effective from 2026-09-22.

Life Settlement Broker License

Broker licensing requires an application to the commissioner on the prescribed form and payment of a fee.

Licensing authority: Rhode Island Department of Business Regulation, Insurance Division · Application information

Nonresident life settlement broker issuance
No examination is required for this applicant pathway.
Anti Fraud
Provide the anti-fraud plan containing the detection, reporting, training and personnel information specified in § 27-72-3(j)(5).
Application
Submit the prescribed broker application, information and fees.
Competence
Commissioner must find competence, trustworthiness, good faith, good business reputation, and qualifying experience, training or education.
Residency
nonresident
Service Of Process
Maintain a designated service-of-process agent or irrevocable consent to service on the Commissioner.
Training
Individual brokers complete 15 hours of life-settlement training biennially, except life producers operating as brokers under § 27-72-3(c).

Official no-examination sources

Effective from 2026-09-22.

Nonresident life settlement broker renewal
No examination is required for this applicant pathway.
Renewal
Renew on the Commissioner’s prescribed schedule and pay the prescribed fee; nonpayment automatically revokes a periodically renewable license.
Residency
nonresident
Training
Individual brokers complete 15 hours of life-settlement training biennially, except life producers operating as brokers under § 27-72-3(c).

Official no-examination sources

Effective from 2026-09-22.

Resident life settlement broker issuance
No examination is required for this applicant pathway.
Anti Fraud
Provide the anti-fraud plan containing the detection, reporting, training and personnel information specified in § 27-72-3(j)(5).
Application
Submit the prescribed broker application, information and fees.
Competence
Commissioner must find competence, trustworthiness, good faith, good business reputation, and qualifying experience, training or education.
Residency
resident
Training
Individual brokers complete 15 hours of life-settlement training biennially, except life producers operating as brokers under § 27-72-3(c).

Official no-examination sources

Effective from 2026-09-22.

Resident life settlement broker renewal
No examination is required for this applicant pathway.
Renewal
Renew on the Commissioner’s prescribed schedule and pay the prescribed fee; nonpayment automatically revokes a periodically renewable license.
Residency
resident
Training
Individual brokers complete 15 hours of life-settlement training biennially, except life producers operating as brokers under § 27-72-3(c).

Official no-examination sources

Effective from 2026-09-22.

Limited Line Credit Insurance Producer License

Limited line credit insurance includes credit life.

Licensing authority: Department of Business Regulation · Application information

Specialty nonresident issuance by reciprocity
No examination is required for this applicant pathway.
Application
Submit the proper application and fees.
Home License
Current resident specialty-line license in good standing in the home state.
Reciprocity
Home state grants Rhode Island residents nonresident licenses on the same basis.

Official no-examination sources

Effective from 2026-09-22.

Nonresident specialty reinstatement within twelve months
No examination is required for this applicant pathway.
Application
Submit the reinstatement application and applicable fees, including the statutory late-renewal penalty.
Continuing Education
Meet applicable continuing education requirements and exemptions.
Expiration
Apply within twelve months of the renewal due date.
Residency
nonresident

Official no-examination sources

Effective from 2026-09-22.

Nonresident specialty renewal
No examination is required for this applicant pathway.
Application
Renew through NIPR and pay the applicable fee.
Continuing Education
Meet applicable education requirements and exemptions; credit limited-line exemption is stated in 230-RICR-20-50-2 § 2.5(A)(2).
Residency
nonresident

Official no-examination sources

Effective from 2026-09-22.

Specialty resident issuance based on prior same line license
No examination is required for this applicant pathway.
Application
Meet the remaining resident application requirements.
License Currency
Currently licensed there, or application within 90 days of cancellation supported by proof of good standing.
Prior Authority
Previously licensed for the same specialty line in another state.
Product Instruction
Insurer must provide the limited-credit instruction program required by § 27-2.4-8(d).
State Law Knowledge
Certify knowledge of applicable Rhode Island producer law.

Official no-examination sources

Effective from 2026-09-22.

Specialty resident licensure after relocation
No examination is required for this applicant pathway.
Application
Follow the DBR relocation instructions and certify applicable Rhode Island producer law knowledge.
Deadline
Apply within 90 days of establishing Rhode Island residence.
Prior Authority
Licensed in the same specialty line in the former resident state.

Official no-examination sources

Effective from 2026-09-22.

Resident specialty reinstatement within twelve months
No examination is required for this applicant pathway.
Application
Submit the reinstatement application and applicable fees, including the statutory late-renewal penalty.
Continuing Education
Meet applicable continuing education requirements and exemptions.
Expiration
Apply within twelve months of the renewal due date.
Residency
resident

Official no-examination sources

Effective from 2026-09-22.

Resident specialty renewal
No examination is required for this applicant pathway.
Application
Renew through NIPR and pay the applicable fee.
Continuing Education
Meet applicable education requirements and exemptions; credit limited-line exemption is stated in 230-RICR-20-50-2 § 2.5(A)(2).
Residency
resident

Official no-examination sources

Effective from 2026-09-22.

Nonresident Limited Lines Insurance Producer License

This family covers the statutory nonresident limited-lines pathway only when the home-state authority is restricted life-insurance authority; Rhode Island grants the same restricted scope, not the full life line.

Licensing authority: insurance commissioner · Application information

Nonresident restricted life authority by reciprocity
No examination is required for this applicant pathway.
Application
Submit the corresponding application and applicable fees.
Home License
A home-state resident limited-lines producer license in good standing grants restricted life-insurance authority.
Reciprocity
Home state grants reciprocal nonresident producer licenses on the same basis.
Scope
Rhode Island grants exactly the same restricted scope as the home-state license; no full life authority is implied.

Official no-examination sources

Effective from 2026-09-22.

Nonresident restricted life authority reinstatement within twelve months
No examination is required for this applicant pathway.
Application
Submit the corresponding application and applicable fees.
Expiration
Within twelve months of the renewal due date; statutory late-renewal penalty applies.
Home License
A home-state resident limited-lines producer license in good standing grants restricted life-insurance authority.
Reciprocity
Home state grants reciprocal nonresident producer licenses on the same basis.
Scope
Rhode Island grants exactly the same restricted scope as the home-state license; no full life authority is implied.

Official no-examination sources

Effective from 2026-09-22.

Nonresident restricted life authority renewal
No examination is required for this applicant pathway.
Application
Submit the corresponding application and applicable fees.
Home License
A home-state resident limited-lines producer license in good standing grants restricted life-insurance authority.
Reciprocity
Home state grants reciprocal nonresident producer licenses on the same basis.
Scope
Rhode Island grants exactly the same restricted scope as the home-state license; no full life authority is implied.

Official no-examination sources

Effective from 2026-09-22.

temporary insurance producer license

Temporary insurance producer license issuable without examination for up to 180 days when the insurance commissioner deems it necessary to service an insurance business.

Licensing authority: insurance commissioner · Application information

Business entity member or employee
No examination is required for this applicant pathway.
Commissioner Approval
Commissioner must deem temporary licensure necessary to service an insurance business.
Duration
Not more than 180 days.
Eligibility
A licensed producer who operated the entity has died or become disabled.
Life Scope
Only life-insurance authority of the serviced producer business is covered by this family.
Restrictions
Commissioner may limit authority, require a suitable licensed producer or insurer sponsor and revoke the license to protect the public; authority ends when the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Designee of a producer entering active military service
No examination is required for this applicant pathway.
Commissioner Approval
Commissioner must deem temporary licensure necessary to service an insurance business.
Duration
Not more than 180 days.
Eligibility
Licensed producer is entering active service in the United States armed forces.
Life Scope
Only life-insurance authority of the serviced producer business is covered by this family.
Restrictions
Commissioner may limit authority, require a suitable licensed producer or insurer sponsor and revoke the license to protect the public; authority ends when the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Other public interest circumstance
No examination is required for this applicant pathway.
Commissioner Approval
Commissioner must deem temporary licensure necessary to service an insurance business.
Duration
Not more than 180 days.
Eligibility
Commissioner determines issuance will best serve the public interest.
Life Scope
Only life-insurance authority of the serviced producer business is covered by this family.
Restrictions
Commissioner may limit authority, require a suitable licensed producer or insurer sponsor and revoke the license to protect the public; authority ends when the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Surviving spouse or court appointed representative
No examination is required for this applicant pathway.
Commissioner Approval
Commissioner must deem temporary licensure necessary to service an insurance business.
Duration
Not more than 180 days.
Eligibility
Licensed producer has died or become mentally or physically disabled; temporary authority permits sale of the business, recovery, return, or training and licensing replacement personnel.
Life Scope
Only life-insurance authority of the serviced producer business is covered by this family.
Restrictions
Commissioner may limit authority, require a suitable licensed producer or insurer sponsor and revoke the license to protect the public; authority ends when the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Insurance Producer License — Variable Life and Variable Annuity Products

Line of authority covering insurance provided under variable life insurance contracts and variable annuities.

Licensing authority: Rhode Island Department of Business Regulation · Application information

Specialty nonresident issuance by reciprocity
No examination is required for this applicant pathway.
Application
Submit the proper application and fees.
Home License
Current resident specialty-line license in good standing in the home state.
Reciprocity
Home state grants Rhode Island residents nonresident licenses on the same basis.

Official no-examination sources

Effective from 2026-09-22.

Nonresident specialty reinstatement within twelve months
No examination is required for this applicant pathway.
Application
Submit the reinstatement application and applicable fees, including the statutory late-renewal penalty.
Continuing Education
Meet applicable continuing education requirements and exemptions.
Expiration
Apply within twelve months of the renewal due date.
Residency
nonresident

Official no-examination sources

Effective from 2026-09-22.

Nonresident specialty renewal
No examination is required for this applicant pathway.
Application
Renew through NIPR and pay the applicable fee.
Continuing Education
Meet applicable continuing education requirements and exemptions under 230-RICR-20-50-2.
Residency
nonresident
Securities Registration
Variable-product renewal applicants provide a FINRA CRD number.

Official no-examination sources

Effective from 2026-09-22.

Specialty resident issuance based on prior same line license
No examination is required for this applicant pathway.
Application
Meet the remaining resident application requirements.
License Currency
Currently licensed there, or application within 90 days of cancellation supported by proof of good standing.
Prior Authority
Previously licensed for the same specialty line in another state.
Securities Registration
Supply FINRA CRD number; securities-profession qualifications are conditions, not insurance-examination leaves.
State Law Knowledge
Certify knowledge of applicable Rhode Island producer law.

Official no-examination sources

Effective from 2026-09-22.

Specialty resident licensure after relocation
No examination is required for this applicant pathway.
Application
Follow the DBR relocation instructions and certify applicable Rhode Island producer law knowledge.
Deadline
Apply within 90 days of establishing Rhode Island residence.
Prior Authority
Licensed in the same specialty line in the former resident state.

Official no-examination sources

Effective from 2026-09-22.

Resident specialty reinstatement within twelve months
No examination is required for this applicant pathway.
Application
Submit the reinstatement application and applicable fees, including the statutory late-renewal penalty.
Continuing Education
Meet applicable continuing education requirements and exemptions.
Expiration
Apply within twelve months of the renewal due date.
Residency
resident

Official no-examination sources

Effective from 2026-09-22.

Resident specialty renewal
No examination is required for this applicant pathway.
Application
Renew through NIPR and pay the applicable fee.
Continuing Education
Meet applicable continuing education requirements and exemptions under 230-RICR-20-50-2.
Residency
resident
Securities Registration
Variable-product renewal applicants provide a FINRA CRD number.

Official no-examination sources

Effective from 2026-09-22.

Rhode Island Life Producer

Provider
Pearson VUE
Format
Written examination; General and State sections; English or Spanish
Exam questions
General: 50 scoreable plus 5 pretest; State: 30 scoreable plus 5 pretest
Time limit
General: 1 hour 15 minutes; State: 45 minutes
Passing score
Scaled passing score 70
Exam fee
$80
Examination outline
  • Life — General Knowledge: I. TYPES OF POLICIES
    • A. Traditional whole life products
    • A.1. Ordinary whole life
    • A.2. Limited-pay and single-premium life
    • B. Interest/market-sensitive/adjustable life products
    • B.1. Universal life
    • B.2. Variable whole life
    • B.3. Variable universal life
    • B.4. Interest-sensitive whole life
    • B.5. Indexed life
    • C. Term life
    • C.1. Types
    • C.1.a. Level
    • C.1.b. Decreasing
    • C.1.c. Return of premium
    • C.1.d. Annually renewable
    • C.2. Special features
    • C.2.a. Renewable
    • C.2.b. Convertible
    • D. Annuities
    • D.1. Single and flexible premium
    • D.2. Immediate and deferred
    • D.3. Fixed and variable
    • D.4. Indexed
    • D.5. Accumulation and Annuity Periods
    • D.6. Payout options
    • E. Combination plans and variations
    • E.1. Joint life (first to die)
    • E.2. Survivorship life (second to die)
  • Life — General Knowledge: II. POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS
    • A. Policy riders
    • A.1. Waiver of premium and waiver of monthly deduction
    • A.2. Guaranteed insurability
    • A.3. Payor benefit
    • A.4. Accidental death and/or accidental death and dismemberment
    • A.5. Term riders
    • A.6. Other insureds
    • A.7. Long term care
    • A.8. Return of premium
    • A.9. Disability
    • A.10. Cost of Living
    • B. Policy provisions and options
    • B.1. Entire contract
    • B.2. Insuring clause
    • B.3. Free look
    • B.4. Consideration
    • B.5. Owner’s rights
    • B.6. Beneficiary designations
    • B.6.a. Primary and contingent
    • B.6.b. Revocable and irrevocable
    • B.6.c. Common disaster
    • B.6.d. Minor beneficiaries
    • B.6.e. Designation by class
    • B.7. Premium Payment
    • B.7.a. Modes
    • B.7.b. Grace period
    • B.7.c. Automatic premium loan
    • B.7.d. Level or flexible
    • B.8. Reinstatement
    • B.9. Policy loans, withdrawals, partial surrenders
    • B.10. Non-forfeiture options
    • B.11. Dividends and dividend options (eg. participating, non-participating)
    • B.12. Incontestability
    • B.13. Assignments
    • B.14. Suicide
    • B.15. Misstatement of age and gender
    • B.16. Settlement options
    • B.17. Accelerated death benefits
    • C. Policy exclusions
    • C.1. War
    • C.2. Aviation
    • C.3. Dangerous Occupation
  • Life — General Knowledge: III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICIES
    • A. Completing the application
    • A.1. Required signatures
    • A.2. Changes in the application
    • A.3. Consequences of incomplete applications
    • A.4. Warranties and representations
    • A.5. Collecting the initial premium and issuing the receipt
    • A.6. Replacement
    • A.7. Disclosures at point of sale (e.g., HIPAA, HIV consent)
    • A.8. USA PATRIOT Act/anti-money laundering
    • A.9. Gramm-Leach-Bliley Act (GLBA) Privacy
    • B. Underwriting
    • B.1. Insurable interest
    • B.2. Medical information and consumer reports
    • B.3. Fair Credit Reporting Act
    • B.4. Risk classification
    • B.5. Stranger/Investor-owned life insurance (STOLI/IOLI)
    • C. Delivering the policy
    • C.1. When coverage begins
    • C.2. Explaining the policy and its provisions, riders, exclusions, and ratings to the client
    • D. Contract law
    • D.1. Elements of a contract
    • D.1.a. Consideration
    • D.1.b. Offer and Acceptance
    • D.1.c. Competent parties
    • D.1.d. Legal purpose
    • D.2. Unique aspects of the insurance contract
    • D.2.a. Conditional
    • D.2.b. Unilateral
    • D.2.c. Adhesion
    • D.2.d. Aleatory
  • Life — General Knowledge: IV. RETIREMENT AND OTHER INSURANCE CONCEPTS
    • E. Third-party ownership
    • F. Life Settlements
    • G. Group life insurance
    • G.1. Conversion privilege
    • G.2. Contributory vs. noncontributory
    • H. Retirement plans
    • H.1. Qualified plans
    • H.2. Nonqualified plans
    • I. Life insurance needs analysis/suitability
    • I.1. Personal insurance needs
    • I.2. Business insurance needs
    • I.2.a. Key person
    • I.2.b. Buy sell
    • J. Social Security benefits
    • K. Tax treatment of insurance premiums, proceeds, and dividends
    • K.1. Individual life
    • K.2. Group life
    • K.3. Modified Endowment Contracts (MECs)
  • Life — Rhode Island Specific: I. RHODE ISLAND LAWS, RULES, AND REGULATIONS COMMON TO LIFE, ACCIDENT, AND HEALTH INSURANCE
    • A. Commissioner/Director
    • A.1. Broad powers
    • A.2. Examination of records/record retention
    • A.3. Notice and hearing
    • A.4. Penalties
    • B. Definitions
    • B.1. Domestic, foreign, and alien companies
    • B.2. Stock and mutual companies
    • B.3. Fraternal benefit societies
    • C. Licensing
    • C.1. Continuing Education
    • C.2. Licensing requirements for a producer
    • C.3. Termination of license
    • C.4. Revocation, suspension or denial
    • C.5. Limited/temporary license
    • C.6. Producer Compensation Disclosure
    • D. Marketing practices
    • D.1. Unfair methods and practices
    • D.1.a. Rebating
    • D.1.b. Misrepresentation
    • D.1.c. Defamation
    • D.1.d. Theft
    • D.1.e. Penalties
    • E. Fiduciary responsibilities
    • F. Life and Health Guaranty Association
    • G. Privacy of Consumer Information
  • Life — Rhode Island Specific: II. RHODE ISLAND LAWS, RULES, AND REGULATIONS PERTINENT TO LIFE INSURANCE AND ANNUITIES ONLY
    • A. Marketing methods and practices
    • A.1. Replacement
    • A.1.a. Definition
    • A.1.b. Notification of insurers
    • A.1.c. Policy summary
    • A.1.d. Modified trial examination period (free look)
    • A.2. Life/Annuity Disclosure
    • A.3. AIDS testing
    • A.4. Suitability in Annuity transactions
    • B. Policy clauses and provisions
    • B.1. Trial Examination Period (Free look)
    • B.2. Nonforfeiture benefits
    • B.3. Policy loan interest
    • B.4. Standard provisions
    • C. Interest on life insurance proceeds
    • D. Insurable interest
    • E. Unintentional policy lapse
Examination sources