Voordeelbundel
Texas Insurance License BUNDLED Exams | With Verified solutions | Guaranteed Success| Latest updated 2024
Texas Insurance License BUNDLED Exams | With Verified solutions | Guaranteed Success| Latest updated 2024
[Meer zien]Texas Insurance License BUNDLED Exams | With Verified solutions | Guaranteed Success| Latest updated 2024
[Meer zien]At what point does an informal contract become binding? When one party makes an offer 
and the other accepts 
when must insurable interest be present in order for a life insurance policy to be valid? when 
the application is made 
Which is the following BEST describes a warranty? Statement guarantee...
Voorbeeld 3 van de 26 pagina's
In winkelwagenAt what point does an informal contract become binding? When one party makes an offer 
and the other accepts 
when must insurable interest be present in order for a life insurance policy to be valid? when 
the application is made 
Which is the following BEST describes a warranty? Statement guarantee...
At what point must a life insurance applicant be informed of their rights that fall under the Fair 
Credit Reporting Act? Upon completion of the application 
Who elects the governing body of a mutual insurance company? policyholders 
An insurance applicant MUST be informed of an investigation regard...
Voorbeeld 4 van de 41 pagina's
In winkelwagenAt what point must a life insurance applicant be informed of their rights that fall under the Fair 
Credit Reporting Act? Upon completion of the application 
Who elects the governing body of a mutual insurance company? policyholders 
An insurance applicant MUST be informed of an investigation regard...
How many hours of ethics continuing education must an agent complete in any 2-year license 
period? A. 4 B. 5 C. 3 D. 2 D 
The commissioner has the power to 
A. appoint a stock insurance company board of directors B. issue certificates of authority to 
insurers C. authorize a mutual insurance compan...
Voorbeeld 3 van de 17 pagina's
In winkelwagenHow many hours of ethics continuing education must an agent complete in any 2-year license 
period? A. 4 B. 5 C. 3 D. 2 D 
The commissioner has the power to 
A. appoint a stock insurance company board of directors B. issue certificates of authority to 
insurers C. authorize a mutual insurance compan...
P completes an application for a $10,000 life policy, but does not give the producer the initial 
premium. P's coverage becomes effective when P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash 
value at a fas...
Voorbeeld 3 van de 22 pagina's
In winkelwagenP completes an application for a $10,000 life policy, but does not give the producer the initial 
premium. P's coverage becomes effective when P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash 
value at a fas...
Who is considered a field underwriter? An agent 
When must insurable interest exist in life insurance? Application or issue date 
If no receipt is issued at the time of application, a statement of good health is usually required at 
the time of? Policy delivery 
The Medical Information Bureau is?(MI...
Voorbeeld 3 van de 20 pagina's
In winkelwagenWho is considered a field underwriter? An agent 
When must insurable interest exist in life insurance? Application or issue date 
If no receipt is issued at the time of application, a statement of good health is usually required at 
the time of? Policy delivery 
The Medical Information Bureau is?(MI...
Which of these characteristics is consistent with a Straight Life Policy? Premiums are 
payable for as long as there is insurance coverage in force 
Which of the following are Equity Indexed annuities typically invested in? S&P 500 
Which of the following does Social Security NOT provide benefits fo...
Voorbeeld 3 van de 25 pagina's
In winkelwagenWhich of these characteristics is consistent with a Straight Life Policy? Premiums are 
payable for as long as there is insurance coverage in force 
Which of the following are Equity Indexed annuities typically invested in? S&P 500 
Which of the following does Social Security NOT provide benefits fo...
How many hours of ethics continuing education must an agent complete in any 2-year license 
period? A. 4 B. 5 C. 3 D. 2 D 
The commissioner has the power to 
A. appoint a stock insurance company board of directors B. issue certificates of authority to 
insurers C. authorize a mutual insurance compan...
Voorbeeld 3 van de 17 pagina's
In winkelwagenHow many hours of ethics continuing education must an agent complete in any 2-year license 
period? A. 4 B. 5 C. 3 D. 2 D 
The commissioner has the power to 
A. appoint a stock insurance company board of directors B. issue certificates of authority to 
insurers C. authorize a mutual insurance compan...
What type of reinsurance contract involves two companies automatically sharing their risk 
exposure? Treaty 
The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy 
future obligations to its policyholders is called reserves 
When third-party ownership is in...
Voorbeeld 3 van de 22 pagina's
In winkelwagenWhat type of reinsurance contract involves two companies automatically sharing their risk 
exposure? Treaty 
The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy 
future obligations to its policyholders is called reserves 
When third-party ownership is in...
Subrogration may follow which of the following events? An insured collects from her 
insurance company for damages caused by a third party 
Medical payments coverage under a BOP applies to expenses incurred by non-insureds for 
bodily injury and reported to the insurer within: One year after the acc...
Voorbeeld 3 van de 20 pagina's
In winkelwagenSubrogration may follow which of the following events? An insured collects from her 
insurance company for damages caused by a third party 
Medical payments coverage under a BOP applies to expenses incurred by non-insureds for 
bodily injury and reported to the insurer within: One year after the acc...
Susie set fire to her house to collect the insurance. This is an example of a(n) MORAL 
HAZARDS 
Henry's tires on his SUV are so worn that the steel belt is showing through the tread. The 
condition of the tires is known as PHYSICAL HAZARDS 
When a driver of an auto breaks the posted speed limit, t...
Voorbeeld 4 van de 35 pagina's
In winkelwagenSusie set fire to her house to collect the insurance. This is an example of a(n) MORAL 
HAZARDS 
Henry's tires on his SUV are so worn that the steel belt is showing through the tread. The 
condition of the tires is known as PHYSICAL HAZARDS 
When a driver of an auto breaks the posted speed limit, t...
T owns an Accident & Health policy and notifies her insurance company that she has chosen a 
less hazardous occupation. Under the Change of Occupation provision, which of the following 
actions may her insurance company take? Increase her policy's coverage amount 
When an insurer issues a policy th...
Voorbeeld 4 van de 49 pagina's
In winkelwagenT owns an Accident & Health policy and notifies her insurance company that she has chosen a 
less hazardous occupation. Under the Change of Occupation provision, which of the following 
actions may her insurance company take? Increase her policy's coverage amount 
When an insurer issues a policy th...
What are 3 subjects an auto policy covers? 1. Body 
2. The vehicle 
3. Assets 
Bodily Injury Types Personal Injury 
Med Pay 
Uninsured Motorist 
No Fault Insurance State stipulates that parties cannot file a claim to the other persons 
insurance policy unless required in excess. Instead, each party ...
Voorbeeld 4 van de 55 pagina's
In winkelwagenWhat are 3 subjects an auto policy covers? 1. Body 
2. The vehicle 
3. Assets 
Bodily Injury Types Personal Injury 
Med Pay 
Uninsured Motorist 
No Fault Insurance State stipulates that parties cannot file a claim to the other persons 
insurance policy unless required in excess. Instead, each party ...
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper VasilyKichigin. Stuvia faciliteert de betaling aan de verkoper.
Nee, je koopt alleen deze samenvatting voor $30.49. Je zit daarna nergens aan vast.
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 99595 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen