1. Which of the following statements is true regarding the Standard Nonforfeiture Law?
A. The Standard Nonforfeiture Law applies to group insurance
B. The Standard Nonforfeiture Law applies to reinsurance
C. A life insurance policy that develops, or has the potential to develop a cash value that does not contain the nonforfeiture options, cannot be delivered or issued for delivery
D .The insurer may not defer the payment of any cash surrender value after the demand with surrender of the policy
2. Which of the following statements is true regarding interest on life insurance proceeds?
A. The insurer may retain the proceeds and pay the beneficiary or policyholder respectively interest on those proceeds
B. Interest on the proceeds is payable from the date of death to the date of payment
C. Interest on the proceeds must be paid at the rate of 6% per annum
D. Interest on the proceeds is payable from 30 days following the date of death to the date of payment
3. Which of the following is NOT among the powers and duties of the Health Insurance Commissioner?
A. Conducting investigations, examinations, and hearings associated with administering the insurance laws
B. Make recommendations to the governor and the legislature regarding the regulations, rates, services, administrative expenses, reserve requirements, and operations of insurers
C. Analyze the impact of changing the rating guidelines and/or merging the health insurance market
D. Provide analysis of the Rhode Island Affordable Health Plan Reinsurance Fund
4. With respect to Fraternal Benefit Societies, which of the following statements is NOT correct?
A. A fraternal benefit society operates for the benefit of its members and their beneficiaries
B. A fraternal benefit society is taxed only on real estate it owns and office equipment it purchases
C. A Society's license is continuous unless revoked or suspended
D. The regulations that apply to producers do not apply to Society producers
5. Which of the following is not among the powers and duties of the Commissioner?
A. Conducting investigations, examinations, and hearings associated with administering the insurance laws
B. Act to protect the best interests of authorized insurers
C. Review and approve rates and policy forms
D. Establish rules and regulations needed to enforce the insurance law's