Free New Hampshire Life & Annuities Insurance Practice Exam 3
Prepare for your licensing exam with our realistic state-specific test questions, complete answers, and detailed rationales.
Exam Structure & Overview
Passing the New Hampshire insurance exam is the ultimate step toward launching your career as a licensed professional. This practice test consists of 25 high-probability questions sampled to match the general composition of topics tested on the real state licensing examination.
Whether you are preparing for the Life & Annuities lines or a combined license, practicing with mock questions helps cement concepts, improves time management, and reduces test-day anxiety.
Key Practice Focus Areas
- State Laws & Regulations: Specific rules, licensing duties, and consumer protections.
- Policy Provisions & Options: Standard contract clauses, riders, exclusions, and riders.
- General Principles: Underwriting basics, insurance concepts, and legal requirements.
Recommended Study PathTry this practice exam fully. Review each explanation carefully when an answer is submitted. If you feel ready to unlock the full comprehensive question database, visit the main state hub for deeper exam simulations.
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Test 325 Questions
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General InsuranceBasic Principles
Subrogation is the right of the insurer to:
New Hampshire Insurance Law & EthicsProducer licensing
A New Hampshire producer sells annuities. Under NHID regulations, which special training must the producer complete before selling annuity products for the first time?
Life InsurancePolicy Provisions
Under a life insurance policy, the 'suicide clause' typically excludes death benefit payment if suicide occurs within:
New Hampshire Insurance Law & EthicsDuties
A New Hampshire insurer wants to use a new policy form for life insurance. What must the insurer do before using the form?
New Hampshire Insurance Law & EthicsPolicy provisions
In a replacement life insurance transaction in New Hampshire, the replacing insurer must notify the existing insurer within how many business days of receiving the application indicating replacement?
New Hampshire Insurance Law & EthicsPolicy provisions
When a life insurance policy replaces an existing policy in New Hampshire, the policyholder receives an extended free-look period of:
Life InsuranceBeneficiaries
Which of the following best describes an 'irrevocable beneficiary' designation in a life insurance policy?
New Hampshire Insurance Law & EthicsUnfair trade practices
A New Hampshire agent makes misleading statements about a competitor's financial stability to convince a client to switch insurers. This is called:
New Hampshire Insurance Law & EthicsProducer licensing
What is the minimum age requirement to obtain an insurance producer license in New Hampshire?
Life InsuranceBeneficiaries
The 'pay-on-death' (POD) designation is most similar to which life insurance policy concept?
General InsuranceBasic Principles
Which of the following is an example of a 'pure' risk (the only type that is insurable)?
Life InsurancePermanent Life Insurance
A policyholder wants to take a loan from their whole life insurance policy. What is the maximum amount they may borrow?
New Hampshire Insurance Law & EthicsProducer licensing
A first-time New Hampshire resident producer who passed the PSI state licensing examination is applying for their first renewal. Which of the following is TRUE regarding their CE requirements?
General InsuranceBasic Principles
The concept of 'utmost good faith' (Uberrima Fides) in insurance contracts requires:
New Hampshire Insurance Law & EthicsUnfair trade practices
An agent in New Hampshire represents a client's policy as being 'guaranteed by the state of New Hampshire.' What is the status of this statement?
Life InsurancePermanent Life Insurance
A universal life insurance policy has a 'corridor' or 'pure amount at risk' requirement. What is the purpose of this requirement?
New Hampshire Insurance Law & EthicsProducer licensing
A New Hampshire producer must notify NHID of a change of address within how many days?
Life InsuranceTaxation
Life insurance proceeds paid to a named beneficiary are generally:
Life InsuranceBusiness Uses of Life Insurance
A 'buy-sell agreement' funded by life insurance serves which primary purpose for a business partnership?
General InsuranceRegulation of Insurance
The McCarran-Ferguson Act of 1945 established that:
Life InsuranceTaxation
Which of the following statements is TRUE about Modified Endowment Contracts (MECs)?
New Hampshire Insurance Law & EthicsProducer licensing
A New Hampshire resident producer, Jane, moves to Vermont and establishes a new residence there. What must Jane do regarding her NH resident license?
AnnuitiesTaxation
A 1035 exchange allows a policyholder to transfer the cash value from an existing life insurance policy to a new policy. Which of the following is a valid 1035 exchange?
General InsuranceBasic Principles
The principle of adhesion in insurance means that:
New Hampshire Insurance Law & EthicsProducer licensing