Texas Life and Health Insurance
Laws and Rules Exam Questions
and Answers 100% PASS
An employee is covered under a company group life plan with a $50,000
death benefit. What is the MAXIMUM amount a spouse may be insured for
under this program? - CORRECT ANSWER-$25,000
An insured may assign up to ____ of policy ownership under an individual
life insurance policy. - CORRECT ANSWER-100%
During a sales presentation for a participating life insurance policy, an
agent MUST - CORRECT ANSWER-make a prospect understand that
dividends are NOT guaranteed
How long can a cash surrender value payment be deferred by the insurance
company under the Nonforfeiture Law? - CORRECT ANSWER-6 months
____ of continuing education MUST be completed in the classroom or
classroom equivalent. - CORRECT ANSWER-50%
In Texas, how long must a policy be in force before an insurance company
must pay death benefits for suicide? - CORRECT ANSWER-2 years
, A domestic insurance company in Texas is considered a company that? -
CORRECT ANSWER-is incorporated and formed in Texas
In Texas, which of these statements regarding the Suicide clause is TRUE? -
CORRECT ANSWER-An insurer may not use suicide as a defense against
payment after the second year
A new general property and casualty licensee must complete at LEAST __
hours of continuing education within 24 months of initial licensure. -
CORRECT ANSWER-24
Which action will a life insurance company most likely take if an insured
dies and it is discovered that the insured's age was misstated on the
application? - CORRECT ANSWER-Pay an amount the premiums would
have purchased at the insured's actual age
Which of the following groups may NOT be insured by a group life insurance
policy? - CORRECT ANSWER-Individuals who are related by blood
A promotional advertising item is not considered a rebate unless it has a
value equal to or less than what amount? - CORRECT ANSWER-$25
A temporary agent's license issued by the Commissioner of Insurance is
valid for up to ___ days. - CORRECT ANSWER-90
Which of the following is NOT included in a life insurance illustration? -
CORRECT ANSWER-Company's mortality table
All of these statements about the Commissioner of Insurance are true
EXCEPT - CORRECT ANSWER-The Commissioner must be elected
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
Laws and Rules Exam Questions
and Answers 100% PASS
An employee is covered under a company group life plan with a $50,000
death benefit. What is the MAXIMUM amount a spouse may be insured for
under this program? - CORRECT ANSWER-$25,000
An insured may assign up to ____ of policy ownership under an individual
life insurance policy. - CORRECT ANSWER-100%
During a sales presentation for a participating life insurance policy, an
agent MUST - CORRECT ANSWER-make a prospect understand that
dividends are NOT guaranteed
How long can a cash surrender value payment be deferred by the insurance
company under the Nonforfeiture Law? - CORRECT ANSWER-6 months
____ of continuing education MUST be completed in the classroom or
classroom equivalent. - CORRECT ANSWER-50%
In Texas, how long must a policy be in force before an insurance company
must pay death benefits for suicide? - CORRECT ANSWER-2 years
, A domestic insurance company in Texas is considered a company that? -
CORRECT ANSWER-is incorporated and formed in Texas
In Texas, which of these statements regarding the Suicide clause is TRUE? -
CORRECT ANSWER-An insurer may not use suicide as a defense against
payment after the second year
A new general property and casualty licensee must complete at LEAST __
hours of continuing education within 24 months of initial licensure. -
CORRECT ANSWER-24
Which action will a life insurance company most likely take if an insured
dies and it is discovered that the insured's age was misstated on the
application? - CORRECT ANSWER-Pay an amount the premiums would
have purchased at the insured's actual age
Which of the following groups may NOT be insured by a group life insurance
policy? - CORRECT ANSWER-Individuals who are related by blood
A promotional advertising item is not considered a rebate unless it has a
value equal to or less than what amount? - CORRECT ANSWER-$25
A temporary agent's license issued by the Commissioner of Insurance is
valid for up to ___ days. - CORRECT ANSWER-90
Which of the following is NOT included in a life insurance illustration? -
CORRECT ANSWER-Company's mortality table
All of these statements about the Commissioner of Insurance are true
EXCEPT - CORRECT ANSWER-The Commissioner must be elected
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
