Texas Life and Health Insurance
Regulations Overview Exam
Questions and Answers 100%
PASS
Commissioner of Insurance - CORRECT ANSWER-Appointed for a 2-year
term by governor.
Experience Requirement - CORRECT ANSWER-Minimum 5 years in
business or government.
Surety Bond - CORRECT ANSWER-$50,000 bond required for
Commissioner.
State Fees - CORRECT ANSWER-Fees over $500,000 require electronic
transfer.
Response Time - CORRECT ANSWER-15 days to respond to Commissioner
inquiries.
Insurer Examination Frequency - CORRECT ANSWER-Insurers examined at
least every 5 years.
Notice of Violation - CORRECT ANSWER-Must be sent within 14 days of
findings.
,Response to Violation - CORRECT ANSWER-Alleged violators respond within
20 days.
Maximum Penalty - CORRECT ANSWER-$25,000 for insurance code
violations.
Minimum Age for Licensing - CORRECT ANSWER-Must be at least 18 years
old.
Reapplication Waiting Period - CORRECT ANSWER-5 years if license denied
or revoked.
Temporary License Validity - CORRECT ANSWER-Valid for up to 180 days.
Total CE Requirement - CORRECT ANSWER-24 hours of continuing
education required.
Ethics Requirement - CORRECT ANSWER-3 hours of ethics and consumer
protection.
Long-Term Care Initial Certification - CORRECT ANSWER-Requires 8 hours
of training.
Long-Term Care Ongoing CE - CORRECT ANSWER-4 hours every 2 years
required.
Small Employer Health Plans - CORRECT ANSWER-8 hours initial, 5 hours
ongoing CE.
Medicare-Related Products - CORRECT ANSWER-8 hours initial, 4 hours
ongoing CE.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
, Annuity Products CE - CORRECT ANSWER-4 hours initial and ongoing
every 12 months.
CE Record Keeping - CORRECT ANSWER-Records must be kept for 4 years.
License Renewal Period - CORRECT ANSWER-Every 2 years for business
entity agents.
License Expiration Penalties - CORRECT ANSWER-Renew within 90 days
with 50% penalty.
Monthly Reporting Requirements - CORRECT ANSWER-Report address
changes or felony convictions monthly.
Maximum Liability for Life Insurance - CORRECT ANSWER-$300,000 for
death benefits.
Free-Look Period - CORRECT ANSWER-15 days to return life insurance
policy.
Guaranteed Issue Period - CORRECT ANSWER-Available within 63 days of
termination.
Employer Size - CORRECT ANSWER-Minimum 2, maximum 50 employees
required.
Employee Coverage Participation - CORRECT ANSWER-At least 75% must
elect insurance coverage.
Notice of Cancellation - CORRECT ANSWER-30 days for nonpayment, 15 for
fraud.
Regulations Overview Exam
Questions and Answers 100%
PASS
Commissioner of Insurance - CORRECT ANSWER-Appointed for a 2-year
term by governor.
Experience Requirement - CORRECT ANSWER-Minimum 5 years in
business or government.
Surety Bond - CORRECT ANSWER-$50,000 bond required for
Commissioner.
State Fees - CORRECT ANSWER-Fees over $500,000 require electronic
transfer.
Response Time - CORRECT ANSWER-15 days to respond to Commissioner
inquiries.
Insurer Examination Frequency - CORRECT ANSWER-Insurers examined at
least every 5 years.
Notice of Violation - CORRECT ANSWER-Must be sent within 14 days of
findings.
,Response to Violation - CORRECT ANSWER-Alleged violators respond within
20 days.
Maximum Penalty - CORRECT ANSWER-$25,000 for insurance code
violations.
Minimum Age for Licensing - CORRECT ANSWER-Must be at least 18 years
old.
Reapplication Waiting Period - CORRECT ANSWER-5 years if license denied
or revoked.
Temporary License Validity - CORRECT ANSWER-Valid for up to 180 days.
Total CE Requirement - CORRECT ANSWER-24 hours of continuing
education required.
Ethics Requirement - CORRECT ANSWER-3 hours of ethics and consumer
protection.
Long-Term Care Initial Certification - CORRECT ANSWER-Requires 8 hours
of training.
Long-Term Care Ongoing CE - CORRECT ANSWER-4 hours every 2 years
required.
Small Employer Health Plans - CORRECT ANSWER-8 hours initial, 5 hours
ongoing CE.
Medicare-Related Products - CORRECT ANSWER-8 hours initial, 4 hours
ongoing CE.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
, Annuity Products CE - CORRECT ANSWER-4 hours initial and ongoing
every 12 months.
CE Record Keeping - CORRECT ANSWER-Records must be kept for 4 years.
License Renewal Period - CORRECT ANSWER-Every 2 years for business
entity agents.
License Expiration Penalties - CORRECT ANSWER-Renew within 90 days
with 50% penalty.
Monthly Reporting Requirements - CORRECT ANSWER-Report address
changes or felony convictions monthly.
Maximum Liability for Life Insurance - CORRECT ANSWER-$300,000 for
death benefits.
Free-Look Period - CORRECT ANSWER-15 days to return life insurance
policy.
Guaranteed Issue Period - CORRECT ANSWER-Available within 63 days of
termination.
Employer Size - CORRECT ANSWER-Minimum 2, maximum 50 employees
required.
Employee Coverage Participation - CORRECT ANSWER-At least 75% must
elect insurance coverage.
Notice of Cancellation - CORRECT ANSWER-30 days for nonpayment, 15 for
fraud.
