Does Utah require a candidate to complete a set number of pre-licensing education hours before sitting for the life insurance producer examination?
A. Yes, 40 hours of pre-licensing education is mandatory before scheduling the exam
B. Yes, but only 20 hours are required, half of Utah's continuing education requirement
C. No, Utah does not mandate pre-licensing education hours before the exam, though study is recommended
D. Yes, but only for applicants who previously failed the exam once
Source: Utah Insurance Department, Licensees FAQ (insurance.utah.gov)
A candidate sitting for Utah's standalone Life insurance producer examination (life line of authority only, not the combined life/accident and health exam) should expect approximately what exam format?
A. 100 questions administered over a 2-hour period
B. 150 questions administered over a 2.5-hour period
C. 50 questions administered over a 30-minute period
D. 250 questions administered over a full business day
Source: Utah Insurance Department, Producer Licensing Examinations
Under Utah Code § 31A-23a-106, which of the following is listed as a distinct line of authority a producer license type may carry?
A. Life insurance, including nonvariable contracts
B. Automobile repair warranty coverage only
C. Notary bonding exclusively
D. Homeowner association dues insurance
Source: Utah Code § 31A-23a-106
A Utah life insurance producer wants to also sell variable life insurance and variable annuity contracts, which are securities as well as insurance products. Under Utah Code § 31A-23a-106, what must the producer hold to add this authority?
A. Nothing further; the base life line of authority automatically includes variable contracts
B. A separate Personal Lines license instead of the life line
C. The variable contracts line of authority, which is only available to a producer who already holds the life insurance line of authority, plus applicable FINRA registration
D. A surplus lines broker license
Source: Utah Code § 31A-23a-106
Before a producer may legally solicit and sell life insurance policies on behalf of a specific insurer in Utah, what must generally occur in addition to the producer holding a valid license?
A. Nothing further is required once the producer's license is active
B. The insurer must appoint the producer, as governed by Utah Code § 31A-23a-115
C. The producer must personally register as a corporation
D. The producer must obtain a separate consultant license
Source: Utah Code § 31A-23a-115
