KS Life Producer — Information & Free Practice

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KS Life Producer

Provider: Pearson Professional Assessments
Format: Multiple-choice, computer-based
Exam questions: 84 scored questions plus 11 pretest questions
Time limit: 90 minutes
Passing score: 70%
Exam fee: $57

Examination outline

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. Types > a. Level
- C. Term life > 1. Types > b. Decreasing
- C. Term life > 1. Types > c. Return of premium
- C. Term life > 1. Types > d. Annually renewable
- C. Term life > 2. Special features
- C. Term life > 2. Special features > a. Renewable
- C. Term life > 2. Special features > 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)
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. Beneficiary designations > a. Primary and contingent
- B. Policy provisions and options > 6. Beneficiary designations > b. Revocable and irrevocable
- B. Policy provisions and options > 6. Beneficiary designations > c. Common disaster
- B. Policy provisions and options > 6. Beneficiary designations > d. Minor beneficiaries
- B. Policy provisions and options > 6. Beneficiary designations > e. Designation by class
- B. Policy provisions and options > 7. Premium Payment
- B. Policy provisions and options > 7. Premium Payment > a. Modes
- B. Policy provisions and options > 7. Premium Payment > b. Grace period
- B. Policy provisions and options > 7. Premium Payment > c. Automatic premium loan
- B. Policy provisions and options > 7. Premium Payment > d. Level or flexible
- B. Policy provisions and options > 7. Premium Payment > e. Designation by class
- 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 > 7. War
- C. Policy exclusions > 8. Aviation
- C. Policy exclusions > 9. Dangerous Occupation
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICY
- 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. Elements of a contract > a. Consideration
- D. Contract Law > 1. Elements of a contract > b. Offer and Acceptance
- D. Contract Law > 1. Elements of a contract > c. Competent parties
- D. Contract Law > 1. Elements of a contract > d. Legal purpose
- D. Contract Law > 2. Unique aspects of the insurance contract
- D. Contract Law > 2. Unique aspects of the insurance contract > a. Conditional
- D. Contract Law > 2. Unique aspects of the insurance contract > b. Unilateral
- D. Contract Law > 2. Unique aspects of the insurance contract > c. Adhesion
- D. Contract Law > 2. Unique aspects of the insurance contract > d. Aleatory
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. Business insurance needs > a. Key person
- E. Life insurance needs analysis/suitability > 2. Business insurance needs > 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)
V. KANSAS STATUTES AND REGULATIONS COMMON TO LIFE, HEALTH, PROPERTY, AND CASUALTY INSURANCE
- A. Commissioner of Insurance
- A. Commissioner of Insurance > 1. Election
- A. Commissioner of Insurance > 2. General duties and powers
- A. Commissioner of Insurance > 3. Examinations
- A. Commissioner of Insurance > 4. Hearings/Notice of hearings/Orders
- A. Commissioner of Insurance > 5. Penalties
- B. Definitions
- B. Definitions > 1. Domestic company
- B. Definitions > 2. Foreign company
- B. Definitions > 3. Fraternals
- B. Definitions > 4. Certificate of authority
- C. Licensing
- C. Licensing > 1. Persons required to be licensed
- C. Licensing > 1. Persons required to be licensed > a. Producer
- C. Licensing > 1. Persons required to be licensed > b. Resident/Nonresident
- C. Licensing > 1. Persons required to be licensed > c. Temporary license
- C. Licensing > 2. Producer appointment/certification and termination of appointment
- C. Licensing > 3. Obtaining a license
- C. Licensing > 3. Obtaining a license > a. Qualifications/Examinations
- C. Licensing > 3. Obtaining a license > b. Exemptions/exceptions
- C. Licensing > 4. Maintaining a license
- C. Licensing > 4. Maintaining a license > a. Continuing education
- C. Licensing > 4. Maintaining a license > b. Change of address/ place of business
- C. Licensing > 4. Maintaining a license > c. License renewal and fees
- C. Licensing > 4. Maintaining a license > d. Suspension or revocation of licenses/felony convictions
- D. Marketing practices
- D. Marketing practices > 1. Rebating
- D. Marketing practices > 2. Misrepresentation
- D. Marketing practices > 3. False advertising
- D. Marketing practices > 4. Defamation
- D. Marketing practices > 5. Boycott, coercion, intimidation
- D. Marketing practices > 6. Unfair discrimination
- D. Marketing practices > 7. Twisting
- E. Life and Health Insurance Guaranty Association Act
VI. KANSAS STATUTES AND REGULATIONS PERTINENT TO LIFE INSURANCE ONLY
- A. Policy replacement
- A. Policy replacement > 1. Purpose and definitions
- A. Policy replacement > 2. Exemptions
- A. Policy replacement > 3. Duties of producer and replacing insurance companies
- B. Individual and group life provisions and rights
- B. Individual and group life provisions and rights > 1. Disclosure
- B. Individual and group life provisions and rights > 2. Standard provisions
- B. Individual and group life provisions and rights > 3. Right to return policies
- B. Individual and group life provisions and rights > 4. Prohibited provisions
- C. Protection of beneficiaries from creditors
- D. Accelerated benefits
- E. Policy loans
- F. Advertising
- G. Viatical Settlement
- H. Annuities
- H. Annuities > 1. Annuity Suitability
- H. Annuities > 2. Annuity Provisions

Examination sources

Kansas Insurance Examination Content Outlines
cover, announced content outline effective date
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER outline heading
Kansas Insurance Candidate Handbook
p. 14, Content outlines, examination-specific scope
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER, Section I published heading
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER, Section II published heading
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER, Section III published heading
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER, Section IV published heading
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER, Section V published heading
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER, Section VI published heading
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER scored question count
Kansas Insurance Examination Content Outlines
S1-S3, KS LIFE PRODUCER exam title
Kansas Insurance Candidate Handbook
p. 11, About the exam, multiple-choice format
Kansas Insurance Candidate Handbook
p. 13, Pearson testing policies, score basis
Kansas Insurance Candidate Handbook
p. 15, 12-KS-01 registration row