Tennessee Life Insurance — Requirements & Free Practice
US-TN · License preparation
143 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.
Tennessee Business Entity Insurance Producer License
Entity authority with a licensed principal or officer; only individually licensed producers may sell, solicit or negotiate insurance.
Licensing authority: Department of Commerce and Insurance · Application information
Nonresident business entity licensure
- Application
- Uniform business entity application through NIPR with $50 and retaliatory fees where applicable.
- Individuals
- Only individually licensed producers or limited producers sell, solicit or negotiate insurance.
- Principal
- Designated currently licensed producer principal or officer responsible for compliance.
- Residency
- Nonresident entity; nonresident uses qualifying reciprocal home-state authority.
Official no-examination sources
Effective from 2026-09-22.
- Official 2025 Tennessee Code Bill, Volume 2
56-6-106(b), complete business entity application items, p. 410
- Tennessee Department of Commerce and Insurance
Business entity application requirements
- Tennessee Department of Commerce and Insurance
4(a)-(d), nonresident license
Business entity reinstatement within 12 months
- Lapse
- Within 12 months after expiration; renewal fee plus twice-renewal-fee penalty.
- Principal
- Designated principal or officer must remain currently licensed.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(e), reinstatement without examination
- Official 2025 Tennessee Code Bill, Volume 2
56-6-106(b), complete business entity application items, p. 410
Business entity biennial renewal
- Principal
- Maintain currently licensed designated principal or officer.
- Renewal
- Expire biennially March 1; NIPR renewal and $60 plus applicable retaliation.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
Business Entity Renewals
- Tennessee Department of Commerce and Insurance
9(a)-(c), biennial producer renewal
Resident business entity licensure
- Application
- Uniform business entity application through NIPR with $50 and retaliatory fees where applicable.
- Individuals
- Only individually licensed producers or limited producers sell, solicit or negotiate insurance.
- Principal
- Designated currently licensed producer principal or officer responsible for compliance.
- Residency
- Resident entity; nonresident uses qualifying reciprocal home-state authority.
Official no-examination sources
Effective from 2026-09-22.
- Official 2025 Tennessee Code Bill, Volume 2
56-6-106(b), complete business entity application items, p. 410
- Tennessee Department of Commerce and Insurance
Business entity application requirements
Insurance Producer — Life
Individual life authority including endowment and annuities; resident examination and examination-exempt pathways.
Licensing authority: Tennessee Department of Commerce and Insurance · Application information
Reconsideration of denied qualifying nonresident application
- Deadline
- Informal appeal within one year.
- Denial
- Original examination-exempt nonresident application was denied.
- Discretion
- Additional relevant information and possible personal interview; no identified separate scored assessment.
- Qualification
- Qualifying home-state resident life license and reciprocity remain required.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
Appeals Process for Denial of a License Application
- Tennessee Department of Commerce and Insurance
4(a)-(d), nonresident license
Nonresident reciprocal licensure
- Application
- Home-state application or uniform application through NIPR; $50 fee subject to retaliation.
- Home license
- Current home-state resident life producer license in good standing.
- Reciprocity
- Home state awards Tennessee residents licenses on the same basis.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
4(a)-(d), nonresident license
- Tennessee 2002 Public Chapter 798
Section 9(a), p. 7
Nonresident reinstatement within 12 months
- Education
- Applicable continuing education compliance or exemption.
- Fee
- Renewal fee plus twice the renewal fee as penalty; nonresident retaliation applies.
- Lapse
- No more than 12 months after expiration.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(e), reinstatement without examination
Nonresident biennial renewal
- Education
- Home-state CE recognized when Tennessee CE is reciprocally recognized.
- Home license
- Maintain qualifying home-state authority.
- Renewal
- NIPR renewal every two years; $60 plus applicable retaliatory fees.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(a)-(c), biennial producer renewal
- Tennessee 2002 Public Chapter 798
Section 19(b), reciprocal continuing education, p. 17
Nonresident renewal or restoration requesting procedural waiver
- Circumstance
- Military service or another extenuating circumstance.
- Discretion
- Request commissioner waiver of renewal procedures and sanctions.
- Qualification
- Maintain or establish qualifying reciprocal home-state life license.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee 2002 Public Chapter 798
Section 8(e), waiver for military or extenuating circumstances, p. 7
- Tennessee Department of Commerce and Insurance
4(a)-(d), nonresident license
Reconsideration of denied resident examination application
- Deadline
- Informal appeal within one year of initial application.
- Denial
- Original resident examination application was denied.
- Discretion
- Additional relevant information considered; Department may personally interview and decide case by case. Interview is an applicant condition, with no separate scored examination identified.
- Exam
- Original route involves passed Life Agent examination; no distinct appeal examination is prescribed.
Resident licensure by examination
- Age
- At least 18 years old.
- Application
- NIPR application with $50 filing fee; wait 48 hours after examination before applying electronically.
- Appointment
- Proper insurer appointment before acting; insurer files within 15 days of contract execution or first submitted application.
- Background check
- Fingerprint-based background check; Department asks completion at least two business days before application.
- Fitness
- No disqualifying act under §56-6-112; truthful and complete uniform application.
- Prelicensing conflicting material
- September 2020 rule .06 lists 20 Life hours and designation exemptions; amended §56-6-106(a)(3) in the 2025 official Code Bill and March 2026 Department instructions specify prelicensing education for Title only. The older rule demand is recorded as applicant information and does not add an examination.
- Prelicensing sources
- [{"carrierClass":"statute","checkedAt":"2026-10-04","locator":"56-6-106(a)(3), p. 410","name":"Official 2025 Tennessee Code Bill, Volume 2","quote":"(3) If the individual is applying for a title insurance line of authority, has\n completed a pre-licensing course of study that consists of a minimum of\n thirty (30) hours of course work for title insurance;","sourceFile":{"sha256":"092ea73d7ceced02ea1df5ed5a77c1e5e588e87beb88578113d424498ccc733a"},"url":"https://www.capitol.tn.gov/Archives/Joint/publications/TNCodeBills/2025/TNCodeBill_Volume2_2025.pdf","version":"Official 2025 Code Bill, Volume 2, producer provisions as amended; current full code portal chapter text was not obtained"},{"carrierClass":"administrative_rule","checkedAt":"2026-10-04","locator":"0780-01-56-.06(1), prelicensing course","name":"Tenn. Comp. R. & Regs. Chapter 0780-01-56","quote":"(1) All applicants for an insurance producer license, unless exempt pursuant to Paragraph (5) of\n this Rule or otherwise exempted by law, are required to complete an online or classroom pre-\n licensing course of study prior to taking the examination required.","sourceFile":{"sha256":"0885628c23579870f59a193018c33a56aeacd246f920118f2274915d6b928aac"},"url":"https://publications.tnsosfiles.com/rules/0780/0780-01/0780-01-56.20200910.pdf","version":"Secretary of State compilation revised September 2020"},{"carrierClass":"implementation","checkedAt":"2026-10-04","locator":"General Requirements 3, title education","name":"Tennessee Department of Commerce and Insurance","quote":"3. For applicants applying for a title insurance line of authority, applicants must complete a minimum of 30 hours of a pre-licensing course of study through an approved educational provider. Approved education providers can be found at https://home.pearsonvue.com/tn/insurance.","sourceFile":{"sha256":"ebbd252e1fb2ecf515732eba13de699b494683a1d0d8a89777fe75e1e509ece5"},"url":"https://www.tn.gov/commerce/insurance/agent-producer-resources/licensing-packets-instructions-forms/producer-with-exams.html","version":"Department instructions last updated March 23, 2026"}]
- Residence
- Proof of Tennessee residency.
- Retakes
- First failed attempt: 10 days; subsequent failed attempts: 30 days under §56-6-105(d) and handbook. Older rule .07(4)(a) states 30 days for every failed attempt.
Resident reapplication after examination free reinstatement period
- Age
- At least 18 years old.
- Application
- NIPR application with $50 filing fee; wait 48 hours after examination before applying electronically.
- Appointment
- Proper insurer appointment before acting; insurer files within 15 days of contract execution or first submitted application.
- Background check
- Fingerprint-based background check; Department asks completion at least two business days before application.
- Fitness
- No disqualifying act under §56-6-112; truthful and complete uniform application.
- Lapse
- License lapsed beyond the 12-month examination-free reinstatement period; apply anew unless exempt.
- Prelicensing conflicting material
- September 2020 rule .06 lists 20 Life hours and designation exemptions; amended §56-6-106(a)(3) in the 2025 official Code Bill and March 2026 Department instructions specify prelicensing education for Title only. The older rule demand is recorded as applicant information and does not add an examination.
- Prelicensing sources
- [{"carrierClass":"statute","checkedAt":"2026-10-04","locator":"56-6-106(a)(3), p. 410","name":"Official 2025 Tennessee Code Bill, Volume 2","quote":"(3) If the individual is applying for a title insurance line of authority, has\n completed a pre-licensing course of study that consists of a minimum of\n thirty (30) hours of course work for title insurance;","sourceFile":{"sha256":"092ea73d7ceced02ea1df5ed5a77c1e5e588e87beb88578113d424498ccc733a"},"url":"https://www.capitol.tn.gov/Archives/Joint/publications/TNCodeBills/2025/TNCodeBill_Volume2_2025.pdf","version":"Official 2025 Code Bill, Volume 2, producer provisions as amended; current full code portal chapter text was not obtained"},{"carrierClass":"administrative_rule","checkedAt":"2026-10-04","locator":"0780-01-56-.06(1), prelicensing course","name":"Tenn. Comp. R. & Regs. Chapter 0780-01-56","quote":"(1) All applicants for an insurance producer license, unless exempt pursuant to Paragraph (5) of\n this Rule or otherwise exempted by law, are required to complete an online or classroom pre-\n licensing course of study prior to taking the examination required.","sourceFile":{"sha256":"0885628c23579870f59a193018c33a56aeacd246f920118f2274915d6b928aac"},"url":"https://publications.tnsosfiles.com/rules/0780/0780-01/0780-01-56.20200910.pdf","version":"Secretary of State compilation revised September 2020"},{"carrierClass":"implementation","checkedAt":"2026-10-04","locator":"General Requirements 3, title education","name":"Tennessee Department of Commerce and Insurance","quote":"3. For applicants applying for a title insurance line of authority, applicants must complete a minimum of 30 hours of a pre-licensing course of study through an approved educational provider. Approved education providers can be found at https://home.pearsonvue.com/tn/insurance.","sourceFile":{"sha256":"ebbd252e1fb2ecf515732eba13de699b494683a1d0d8a89777fe75e1e509ece5"},"url":"https://www.tn.gov/commerce/insurance/agent-producer-resources/licensing-packets-instructions-forms/producer-with-exams.html","version":"Department instructions last updated March 23, 2026"}]
- Residence
- Proof of Tennessee residency.
- Retakes
- First failed attempt: 10 days; subsequent failed attempts: 30 days under §56-6-105(d) and handbook. Older rule .07(4)(a) states 30 days for every failed attempt.
Resident licensure based on current or recently canceled same line license
- Application
- Tennessee residency, age 18 or older, uniform application and $50 fee.
- Same line
- Previously licensed for the life line in another state.
- Status
- Currently licensed there, or apply within 90 days of cancellation with prior-state certification or NAIC database proof of good standing.
Official no-examination sources
Effective from 2026-09-22.
- Official 2024 Tennessee Code Bill, Volume 2
56-6-109(a), p. 220
- Tennessee Department of Commerce and Insurance
Examination-exempt applicant procedures
Resident reinstatement within 12 months
- Education
- Applicable continuing education compliance or exemption.
- Fee
- Renewal fee plus twice the renewal fee as penalty; nonresident retaliation applies.
- Lapse
- No more than 12 months after expiration.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(e), reinstatement without examination
Resident licensure after relocation to Tennessee
- Application
- $50 fee and proof of Tennessee residency; no examination unless commissioner determines otherwise by rule.
- Deadline
- Apply within 90 days of establishing residence; Department instructions also tie the deadline to former license cancellation.
- Inactivation
- Inactivate former resident license and TN nonresident license if held; wait for producer database update before applying through NIPR.
- Prior license
- Previously held the life line in the former resident state.
Official no-examination sources
Effective from 2026-09-22.
- Official 2024 Tennessee Code Bill, Volume 2
56-6-109(b), p. 220
- Tennessee Department of Commerce and Insurance
10(c), relocation deadline
Resident biennial renewal
- Course assessments
- Rule .08(2)(i) requires final examinations for correspondence/self-study courses; unnamed course assessments remain training conditions.
- Education
- 24 approved credit hours including three ethics hours unless exempt; continuously licensed since January 1, 1994 is exempt.
- Renewal
- Every two years by end of birth month; NIPR renewal and $60 fee.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(a)-(c), biennial producer renewal
- Tennessee Department of Commerce and Insurance
Insurance Producers, renewal education and exemption
- Tenn. Comp. R. & Regs. Chapter 0780-01-56
0780-01-56-.09(1), renewal items
Resident renewal or restoration requesting examination waiver
- Application
- Commissioner decides the waiver request.
- Circumstance
- Military service, long-term medical disability or another extenuating circumstance prevents ordinary renewal.
- Discretion
- May request waiver of renewal procedures, examination requirement or other sanctions; the identified Life examination remains involved where not waived.
Limited Lines Insurance Producer — Credit Life
Limited credit authority including credit life and mortgage life.
Licensing authority: Tennessee Department of Commerce and Insurance · Application information
Nonresident limited credit life licensure
- Application
- NIPR application and $50 fee plus retaliation.
- Home license
- Like limited credit authority in home state with reciprocal recognition.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
2(b)(1), limited credit authority without examination
- Tennessee Department of Commerce and Insurance
4(a)-(d), nonresident license
- Tennessee 2002 Public Chapter 798
Section 9(e), limited lines reciprocity, p. 8
Limited credit life reinstatement within 12 months
- Fee
- Renewal fee plus twice-renewal-fee penalty; nonresident retaliation applies.
- Lapse
- Within 12 months of expiration.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(e), reinstatement without examination
Limited credit life biennial renewal
- Renewal
- Resident or nonresident renews every two years through NIPR; $30 fee plus nonresident retaliation.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(a)-(c), biennial producer renewal
- Tennessee Department of Commerce and Insurance
9(d), limited renewal fee
Resident limited credit life licensure
- Application
- Uniform limited-lines NIPR application; $50 fee; applicable age and fitness requirements.
- Scope
- Credit life and mortgage life limited to credit obligations.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
2(b)(1), limited credit authority without examination
Temporary Insurance Producer — Life
Discretionary temporary license to service an existing insurance business for up to 180 days without examination.
Licensing authority: Tennessee Department of Commerce and Insurance · Application information
Business entity member or employee after death or disability
- Application
- Uniform application and $50 filing fee directly to Department.
- Duration
- At most 180 days; commissioner deems necessary to service an insurance business.
- Eligibility
- (2) To a member or employee of a business entity licensed as an insurance producer, upon the death or disability of an individual designated in the business entity application or the license;
- Restrictions
- Commissioner may limit authority, require licensed producer or insurer sponsor and suspend or revoke; license ends when business is disposed of.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee 2002 Public Chapter 798
Section 12(a), examination-free temporary authority, p. 10
- Tennessee 2002 Public Chapter 798
Section 12(a) entity-death-disability, p. 10
Designee of a producer entering active military service
- Application
- Uniform application and $50 filing fee directly to Department.
- Duration
- At most 180 days; commissioner deems necessary to service an insurance business.
- Eligibility
- (3) To the designee of a licensed insurance producer entering active service in the armed forces of the United States of America; or
- Restrictions
- Commissioner may limit authority, require licensed producer or insurer sponsor and suspend or revoke; license ends when business is disposed of.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee 2002 Public Chapter 798
Section 12(a), examination-free temporary authority, p. 10
- Tennessee 2002 Public Chapter 798
Section 12(a) military-designee, p. 10
Other commissioner approved public interest circumstance
- Application
- Uniform application and $50 filing fee directly to Department.
- Duration
- At most 180 days; commissioner deems necessary to service an insurance business.
- Eligibility
- (4) In any other circumstance where the commissioner deems that the public interest will best be served by the issuance of this license.
- Restrictions
- Commissioner may limit authority, require licensed producer or insurer sponsor and suspend or revoke; license ends when business is disposed of.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee 2002 Public Chapter 798
Section 12(a), examination-free temporary authority, p. 10
- Tennessee 2002 Public Chapter 798
Section 12(a) public-interest, p. 10
Surviving spouse or court appointed representative
- Application
- Uniform application and $50 filing fee directly to Department.
- Duration
- At most 180 days; commissioner deems necessary to service an insurance business.
- Eligibility
- (1) To the surviving spouse or court-appointed personal representative of a licensed insurance producer who dies or becomes mentally or physically disabled to allow adequate time for the sale of the insurance business owned by the producer or for the recovery or return of the producer to the business or to provide for the training and licensing of new personnel to operate the producer’s business;
- Restrictions
- Commissioner may limit authority, require licensed producer or insurer sponsor and suspend or revoke; license ends when business is disposed of.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee 2002 Public Chapter 798
Section 12(a), examination-free temporary authority, p. 10
- Tennessee 2002 Public Chapter 798
Section 12(a) surviving-spouse, p. 10
variable life and variable annuity producer
Separate variable life and variable annuity authority for a licensed life producer; securities examinations are qualifications from another profession.
Licensing authority: Insurance Division · Application information
Nonresident additional variable life and variable annuity authority
- Application
- Separate NIPR application and $50 filing fee; nonresident retaliation applies.
- Appointment
- Insurer appointment before acting for the insurer.
- Life license
- Duly licensed Tennessee life producer when applying for separate variable authority.
- Residency
- Nonresident applicant; nonresident applicants hold qualifying like home-state authority.
- Securities qualification
- Qualify by one or more of the securities examinations named in rule .09(3)(b) and Department section 5: accepted state securities sales exam; NASD principal or registered representative exam; registered national exchange examinations; or SEC test under Securities Exchange Act §15(b)(8). These other-profession examinations are conditions.
Official no-examination sources
Effective from 2026-09-22.
- Tenn. Comp. R. & Regs. Chapter 0780-1-17
0780-1-17-.09(3), no insurance examination
- Tennessee Department of Commerce and Insurance
5(a), variable authority without examination
- Tennessee Department of Commerce and Insurance
5(1)-(3), underlying life license and securities qualification
Variable life and variable annuity reinstatement within 12 months
- Lapse
- Within 12 months; renewal fee plus double-renewal-fee penalty.
- Qualification
- Underlying life license and securities qualifications remain prerequisites; lapse of life authority follows that credential’s own route.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(e), reinstatement without examination
- Tenn. Comp. R. & Regs. Chapter 0780-1-17
0780-1-17-.09(3), no insurance examination
Variable life and variable annuity biennial renewal
- Education
- Resident producer CE unless exempt; reciprocal recognition for nonresidents.
- Renewal
- Applicable producer authority renewed every two years through NIPR; $60 fee plus nonresident retaliation.
Official no-examination sources
Effective from 2026-09-22.
- Tennessee Department of Commerce and Insurance
9(a)-(c), biennial producer renewal
- Tenn. Comp. R. & Regs. Chapter 0780-1-17
0780-1-17-.09(3), no insurance examination
Resident additional variable life and variable annuity authority
- Application
- Separate NIPR application and $50 filing fee; nonresident retaliation applies.
- Appointment
- Insurer appointment before acting for the insurer.
- Life license
- Duly licensed Tennessee life producer when applying for separate variable authority.
- Residency
- Resident applicant; nonresident applicants hold qualifying like home-state authority.
- Securities qualification
- Qualify by one or more of the securities examinations named in rule .09(3)(b) and Department section 5: accepted state securities sales exam; NASD principal or registered representative exam; registered national exchange examinations; or SEC test under Securities Exchange Act §15(b)(8). These other-profession examinations are conditions.
Official no-examination sources
Effective from 2026-09-22.
- Tenn. Comp. R. & Regs. Chapter 0780-1-17
0780-1-17-.09(3), no insurance examination
- Tennessee Department of Commerce and Insurance
5(a), variable authority without examination
- Tennessee Department of Commerce and Insurance
5(1)-(3), underlying life license and securities qualification
Life Agent
- Provider
- Pearson VUE
- Format
- Multiple choice; test center or OnVUE
- Exam questions
- 68 scored questions and 9 pretest questions: 50 scored plus 5 pretest general knowledge; 18 scored plus 4 pretest Tennessee specific
- Time limit
- 1 hour and 45 minutes
- Passing score
- 70 on the scaled score system
- Exam fee
- $55
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. POLICY RIDERS, PROVISIONS, 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 / 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 / 1. War
- C. Policy exclusions / 2. Aviation
- C. Policy exclusions / 3. Dangerous Occupation
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICES
- 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. TENNESSEE LAWS, AND DEPARTMENTAL RULES COMMON TO LIFE, ACCIDENT AND HEALTH, PROPERTY AND CASUALTY INSURANCE
- A. Powers of Commissioner
- A. Powers of Commissioner / 1. Hearings and judicial review
- A. Powers of Commissioner / 2. Investigations
- A. Powers of Commissioner / 3. Regulatory authority
- A. Powers of Commissioner / 4. Penalties
- B. Definitions
- B. Definitions / 1. Insurance Producer
- B. Definitions / 2. Business Entity
- B. Definitions / 3. Limited Lines Producer
- B. Definitions / 4. Unauthorized insurer
- B. Definitions / 5. Compensation and referrals
- B. Definitions / 6. Fiduciary
- B. Definitions / 7. Domestic and Foreign Insurance Companies
- C. License Requirements
- C. License Requirements / 1. Insurance Producer
- C. License Requirements / 2. Agency Appointments/Termination
- C. License Requirements / 3. Resident/nonresident
- C. License Requirements / 4. Exceptions
- C. License Requirements / 4. Exceptions / a. Licenses
- C. License Requirements / 4. Exceptions / b. Examination
- C. License Requirements / 5. Temporary license
- C. License Requirements / 6. License renewal
- C. License Requirements / 7. General requirements
- C. License Requirements / 8. Continuing Education
- D. License Suspension/Revocation
- D. License Suspension/Revocation / 1. General provisions
- D. License Suspension/Revocation / 2. Notice
- E. Unfair Practices
- E. Unfair Practices / 1. False advertising
- E. Unfair Practices / 2. Defamation
- E. Unfair Practices / 3. Boycotting, coercion, and intimidation
- E. Unfair Practices / 4. Unfair Discrimination
- E. Unfair Practices / 5. Rebating
- E. Unfair Practices / 6. Unfair claims settlement practices
- E. Unfair Practices / 7. Other topics
- F. Life and Health Guaranty Association
VI. TENNESSEE LAWS AND DEPARTMENTAL RULES PERTINENT TO LIFE INSURANCE ONLY
- A. Required Provisions
- B. Definitions
- C. Disclosure requirements
- D. General rules
- E. Replacement
- E. Replacement / 1. Exemptions
- E. Replacement / 2. Duties of producers
- E. Replacement / 3. Definitions
- F. Annuities
- F. Annuities / 1. Licensing
- F. Annuities / 2. Suitability
Examination sources
- Tennessee Insurance Licensing Candidate Handbook
Outline cover, effective date
- Tennessee Insurance Licensing Candidate Handbook
Exam Structure and Content, whole examination, p. 15
- Tennessee Insurance Licensing Candidate Handbook
Life outline section 1, pp. S1-S3
- Tennessee Insurance Licensing Candidate Handbook
Life outline section 2, pp. S1-S3
- Tennessee Insurance Licensing Candidate Handbook
Life outline section 3, pp. S1-S3
- Tennessee Insurance Licensing Candidate Handbook
Life outline section 4, pp. S1-S3
- Tennessee Insurance Licensing Candidate Handbook
Life outline section 5, pp. S1-S3
- Tennessee Insurance Licensing Candidate Handbook
Life outline section 6, pp. S1-S3
- Tennessee Insurance Licensing Candidate Handbook
Exam Structure and Content, multiple choice, p. 15
- Tennessee Insurance Licensing Candidate Handbook
Exam Structure and Content, answer scoring, p. 15
- Tennessee Insurance Licensing Candidate Handbook
Scaled Scores, passing standard, p. 13
- Tennessee Insurance Licensing Candidate Handbook
Exam Fees and Combinations, Life row, p. 7
- Tennessee Insurance Licensing Candidate Handbook
Exam Fees and Combinations, standalone-session note, p. 7
- Tennessee Insurance Licensing Candidate Handbook
Score Reporting, p. 12