Free Missouri Life Insurance Practice Exam Online

Correct answer: A. The person must hold an insurance producer license for the life line of authority

Correct. Mo. Rev. Stat. § 375.014 prohibits selling, soliciting, or negotiating insurance in Missouri unless the person holds a producer license for that line of authority (with narrow statutory exceptions).

• B: Employment by a licensed agency does not substitute for the individual holding their own producer license; the licensing requirement attaches to the person transacting insurance business.
• C: Passing the exam is one step toward licensure, but the statute requires the license itself, not merely exam completion, before transacting insurance.
• D: Missouri law does not grant a general 90-day grace period to solicit insurance without a license while an application is pending.

Correct answer: B. Two years

Correct. Persons who meet the requirements of Mo. Rev. Stat. §§ 375.014-.016 are issued a producer license for a term of two years.

• A: Missouri does not use a one-year licensing cycle for resident producers.
• C: Missouri's producer license term is two years, not three.
• D: The license is not perpetual; it must be renewed on the two-year cycle regardless of continued employment.

Correct answer: C. 16 hours

Correct. Missouri law requires a minimum of 16 hours of continuing education every two years, per Mo. Rev. Stat. § 375.020 and its implementing regulation, 20 CSR 700-3.200.

• A: 8 hours is below Missouri's statutory minimum for the two-year period.
• B: 12 hours is below Missouri's statutory minimum for the two-year period.
• D: 24 hours exceeds Missouri's general 16-hour biennial requirement.

Correct answer: B. 3 hours

Correct. Producers licensed under Mo. Rev. Stat. § 375.018.1(1)-(6) must complete 3 hours of instruction on ethics, Missouri law, and producer duties/obligations to the department during each two-year licensure period, per 20 CSR 700-3.200.

• A: 1 hour is short of the required ethics/law component.
• C: 6 hours overstates the dedicated ethics/law requirement.
• D: 10 hours overstates the dedicated ethics/law requirement; that many hours would consume most of the 16-hour total.

Correct answer: B. Enter the producer's name and license number in the register within 30 days of the appointment

Correct. Under Mo. Rev. Stat. § 375.022, within 30 days of authorizing a producer to transact business on its behalf, the insurer must enter the producer's name and license number into its register of appointed producers.

• A: The insurer, not just the producer, has an affirmative registry duty under § 375.022.
• C: The 30-day clock runs from the authorization/appointment, not from a first sale.
• D: There is no premium-volume threshold that excuses the registry requirement.