Texas Life and Health Exam Bundle Questions and Answers SCORED A

Texas Life and Health Insurance Exam 100% Correct!Texas Life and Health Insurance Exam 100% Correct!Texas Life and Health Insurance Exam 100% Correct!Texas Life and Health Insurance Exam 100% Correct!Texas Life and Health Insurance Exam 100% Correct!Texas Life and Health Insurance Exam 100% Correct!...

its members is known as - ANSWERRisk Retention Group Which of these describe a participating life insurance policy? - ANSWERPolicy holders are entitled to receive dividends Which of the following required insurers to disclose when an applicant's consumer or credit history is being investigate...

An insurance company organized under New York laws and licensed to do business in Texas is considered a(n) - ANSWER-foreign company S, while in the process of converting her group life insurance to an individual policy, dies. What happens to the claim her beneficiary submits? - ANSWER-Full benefi...

The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy coverage become effective? -ANSWER- As of the application date When an insured makes truthful statements on the application for insurance and pays t...

Law of Large Numbers - ANSWER-What insurance is based on. The bigger the observed sample, the more accurate the predicted results. Life insurance pools growth and distribution of money to satisfy two goals: - ANSWER-1. Pay benefits to survivors of someone who dies while covered. 2. Providing dis...

Which of the following are Equity Indexed annuities typically invested in? - ANSWER-S&P 500 Which of the following does Social Security NOT provide benefits for? - ANSWER-Dismemberment An example of false advertising would be - ANSWER-An insurer exaggerating its dividends in a magazine adverti...

An installment Refund annuity A Straight Life annuity A Cash Refund annuity A Joint Life annuity - ANSWER-An installment Refund annuity One becomes eligible for Social Security disability benefits after having been disabled for 3 months 5 months 6 months 12 months - ANSWER-5 month...

All the following statements about ordinary (or straight) whole life insurance are correct-ANSWER-The cash value remains level throughout the life of the policy Which activity in NOT an error or omission that makes an agent or producer legally to both the insurance and the insure-ANSWER-Placing i...

The percentage of an individual's Primary Insurance Amount (PIA) determines the benefits paid which of the following programs? - ANSWER-Social Security Disability Income What type of life insurance incorporates flexible premiums and an adjustable death benefit? - ANSWER-Universal Life Which ...

insurable interest (General Concept) - ANSWER-- must exist at the time of the application - insuring one's own life, family member, or a business partner Solicitation and sales presentation - ANSWER-- illustration- presentation of nonguaranteed elements - buyer's guide is generic informati...

A certificate of _____ permits an insurance company to transact business in Texas. -ANSWER- Authority Which of the following statements about Health Reimbursement Arrangements (HRA) is CORRECT? -ANSWER- If the employee paid for qualified medical expenses, the reimbursements may be tax-free The...

Explanation: The key here is "minimum premium". Term is the most inexpensive type of coverage. Since Sandra's $50,000 loan will be paid off over 20 years and the loan balance will decrease each year, Decreasing Term makes sense. Decreasing Term is not renewable. 2) A 45-year old customer who i...

Which of the following is NOT a feature of a guaranteed renewable provision? -ANSWER- The insurer can increase the policy premium on an individual basis The main difference between immediate and deferred annuities is: -ANSWER- When the income payments begin A hospital indemnity policy will pay...

what are the three risk classifications in life insurance? - ANSWER-Standard, Substandard, Preferred what is the main responsibility of a company's underwriting unit? - ANSWER-Risk Selection When would a misrepresentation be considered material? - ANSWER-when it may alter the underwriting dec...