ID Life & Health study plan

Map the Idaho Department of Insurance's regulatory powers, including licensing, examination, and penalty authority, and match each to the conduct it governs.

Distinguish among producer license types, appointment and termination requirements, continuing education obligations, and the reporting duties that follow a license action.

List the major unfair trade practices and prohibited acts (misrepresentation, rebating, twisting, defamation, boycott, false advertising) and identify the fact pattern that triggers each.

Define risk, peril, hazard, retention, transfer, and avoidance, then classify a given exposure into the correct risk-management technique.

Explain the elements of a valid contract and the distinguishing characteristics of insurance contracts (aleatory, unilateral, adhesion, utmost good faith, indemnity), including how waivers and estoppel modify them.

Calculate an appropriate face amount using the human life value, needs-based, and capital retention approaches for a stated fact pattern.

Compare term, whole life, universal life, variable life, and indexed universal life on premium flexibility, cash value, death benefit guarantees, and risk borne by the owner.

Explain the application and underwriting process, including field underwriting, the agent's report, conditional receipt versus binding receipt, and policy delivery requirements.

Identify ownership rights, premium payment modes, and the tax treatment of premiums versus proceeds for individual and employer-owned coverage.

Distinguish participating from nonparticipating policies and explain dividend eligibility, guaranteed versus illustrated values, and the consequences of policy loans and surrenders.

Explain the incontestability, grace period, reinstatement, misstatement of age or sex, and entire contract provisions and predict the outcome in a given scenario.

Apply each nonforfeiture option (cash surrender, reduced paid-up, extended term) and each dividend option to a numeric example.

Distinguish the settlement options (lump sum, life income, fixed period, fixed amount, interest only) and select the one that satisfies a stated beneficiary objective.

Categorize optional riders, including waiver of premium, disability income, accidental death, guaranteed insurability, term, chronic illness, and long-term care riders, by what they add and what they cost.

Trace the claim and beneficiary payout path, including per stirpes versus per capita, common disaster, spendthrift, facility of payment, and minor beneficiary issues.

Distinguish immediate from deferred annuities and fixed, variable, and indexed annuities by payout certainty and who bears investment risk.

Explain the accumulation phase versus the annuitization phase and select the appropriate payout option (life only, life with period certain, joint and survivor, fixed period, fixed amount) for a stated need.

Apply exclusion ratio logic and the rules for qualified versus nonqualified annuity taxation, early withdrawal penalties, and the tax treatment of annuitant death proceeds.

Interpret suitability and replacement standards for annuity sales, including surrender charges, free-look, and disclosure obligations.

Re-drill the five weakest domain 5 items from the previous week's quiz until each rule can be restated from memory without notes.

Define deductibles, coinsurance, copayments, out-of-pocket maximums, preauthorization, and usual, reasonable, and customary limits, and compute an insured's out-of-pocket cost for a stated claim.

Distinguish individual, group, self-funded, and association health plans on underwriting, portability, and continuation obligations.

Classify policies by renewability (noncancellable, guaranteed renewable, conditionally renewable, optionally renewable, cancellable) and state what each guarantees the insured.

Explain the standard health policy provisions, including grace period, reinstatement, claims notice and proof of loss, time limit on certain defenses, and legal actions.

Identify common mandated benefits and riders, including maternity, mental health parity, newborn coverage, and coordination of benefits with primary versus secondary payer rules.

Distinguish own-occupation from any-occupation disability definitions and predict whether a given claimant qualifies under each.

Calculate a disability benefit using elimination period, benefit period, occupational versus nonoccupational coverage, and partial, residual, or presumptive disability provisions.

Explain the underwriting and rating factors for disability income, including income replacement limits, and the interaction of Social Security and workers' compensation offsets.

Explain long-term care benefit triggers (ADL impairment, cognitive impairment), elimination periods, benefit amounts, inflation protection, and the tax treatment of LTC premiums versus benefits.

Compare the business uses of disability and long-term care coverage, including key person, buy-sell funding, and business overhead expense policies.

Differentiate HMO, PPO, POS, and high-deductible health plan paired with an HSA by network rules, referrals, and cost-sharing structure.

Outline Medicare Parts A, B, C, and D, Medigap, eligibility, enrollment periods, late-enrollment penalties, and Medicaid's role as payer of last resort.

Apply federal tax rules to life insurance (death benefit exclusion, transfer-for-value, modified endowment contracts, Section 1035 exchanges) and to employer-provided group term life under Section 79.

Apply federal tax rules to health and accident coverage, including employer premium deductibility, self-employed health insurance deductions, HSA contributions, and the tax treatment of disability income benefits.

Identify the Idaho-specific rules and numbers most likely to be tested, including replacement notice requirements, producer reporting of administrative actions, and guaranty association coverage limits.

Rank all ten domains by practice-exam accuracy and re-teach the three lowest-scoring domains from your notes before testing again.

Complete two full-length timed practice exams under exam conditions, without notes or pauses, and record the score and time used for each.

Drill Idaho-specific numbers, deadlines, and penalties to automatic recall through spaced repetition over four separate sessions.

Re-solve every item missed across the prior seven weeks until each is answered correctly twice in a row on separate days.

Write a one-page exam-day plan covering question pacing, flag-and-return strategy, and the most common distractor patterns you personally fall for.