Abby, who life in New York she is a licensed life insurance agent , wants to apply fo a
TX GENERAL LINES LIFE, ACCIDENT nonresident license in Texas. To do so, she must submit which of the following to TDI -
correct answer-An aplicación, few and letter of certification from her home state
AND HEALTH EXAM PREP
Amanda used a basic illustration to help Mark. a potencial cliente, de understand how the
cash value of his life insurance policy would grow. Mark then agreed to buy the policy. Which
Health insurance coverage under COBRA, HIPAA guarantees that the person will - correct
of the following best describes Amanda's duties which respect to delivering a copy of the
answer-Have Acces to a guaranteed-issue individual health policy, regardless of health
illustration used - correct answer-Amanda must deliver a signed copy ilustración to both
Mark and the insurer
All the following statements about ordinary (or straight) whole life insurance are correct -
correct answer-The cash value remains level throughout the life of the policy
With respect to the transfer-for-value rule, which of the following situations would result in
the new owner being subject to tax on the policy's gain upon the insured's death - correct
Which activity in NOT an error or omission that makes an agent or producer legally to both
answer-Policy is sold by the insured to neighborhood in exchange for cash
the insurance and the insure - correct answer-Placing insurance with an approved surplus
line insurer
Which of the following describes the options available with a universal life insurance policy
the owner no longer wishes to maintain - correct answer-Surrender the policy for its cash
All the following statements about the taxation of annuities are correct EXEPT: - correct
value or let the policy continue without premium until the cash value can no longer cover
answer-Qualified annuities are taxes no different than no qualified annuities
monthly deductions
Which of the following statements about utmost good faith in insurance is correct - correct
A section 125 cafeteria plan may cover which of these expenses - correct answer-Health
answer-Both the insurance and the insurer must act in utmost good faith
insurance premiums
Which annuity settlement option pays income for the annuitant's life, but no less than for a
An insurance producer tells a life insurance applicant that he has the authority to waive the
specified number of year - correct answer-Life income with period certain
medical exam that is normally required by the insurer with every application. The insurer
may be required to accept the application without a medical exam due to the producers: -
Tim has paid only four premium totally $1000 on his health insurance policy when he was
correct answer-Apparent authority
diagnosed with cancer. The insurance company paid more than $100.000 to cover the
medical bills for his treatments which of the following characteristics of insurance contracts -
A long-term care rider on a life insurance policy will pay benefits if the insured is diagnosed
correct answer-They are aleatory
as chronically ill due to which of the following? - correct answer-Either a medical or cognitive
(mental health) reason
Jack, an insurance agent, offers free season football tickets to anyone who buys a life
insurance policy from him. This sales practice is called - correct answer-rebating
Which federal law group health plans and protects their enrollees - correct answer-A
After Todd was injured in a car crash, he received occupational theyto help him return to
What type of state regulation gives a person in poor health or with a pre-existing condition
work. His disability income policy paid for this therapy because it had - correct answer-A
the opportunity to buy health insurance - correct answer-Guaranteed issue
rehabilitation provision
With certain limitations a policyowner may change all of the following in a life insurance
If a small employer insurance decides to terminate all small employer health benefits plans it
policy, EXCEPT: - correct answer-The incontestability provision
issues in TEXAS, it must notify the TEXAS commissioner and all affected employer of its
intent to do so at least - correct answer-At least 180 days before it ends coverage
With certain limitations, a policyowner may change all of the following in a life insurance
policy, EXCEPT: - correct answer-A
Contract characteristics is unique to insurance contracts but NOT all contracts - correct
answer-Unilateral
Where can a person set up a health care savings account (HSA) - correct answer-Financial
institution
When first meeting prospective insurance applicants, a producer must give them a document
that explains the general features, benefits, and condition of type of insurance being
Which statement about converting coverage under a children's term rider is correct - correct
considered. Which is called a - correct answer-Buyer's Guide
answer-Conversion is possible even if the child is uninsurable, and the converted policy
coverage amount may be greater than amount provided under the rider
, Te Generic Informetion Nondiscrimimation Act(GINA) essentially does which of the following
Which of the statements regarding the replacement of a life insurance policy is correct - - correct answer-It prohibits insurance companies from discrimination on the basis of
correct answer-Replacing a policy will require the insured to go through a new contestability information delivered through a genetic test
The commissioner issued a cease and desist order against Nether Insurance Company for JOHN a Tex resident, is covered under a credit life insurance policy while he pays off a car
committing certain practices when settling claims. Nether ignores the order. The loan. Coverage is paid through December, when his loan is scheduled to be paid. If JOHN
commissioner may refer to which of the following for enforcement. - correct answer-State pays off the car loan is September (3 months early) which of the following descuwhat the
attorney general very life insurance company must do with reap to a premium refund - correct answer-It must
refund the premium for the thee-month period following the date JOHN paid off the loan
Which type of group health insurance plan bases premios and benefits in the claim
experience of similar groups in the region - correct answer-Community-rated plan Provider operated by an organization That has a representative form of leadership, operates
on lodge system, and exist solely for the benefit of its member and their beneficiaries is
Which of the following explains why the human life values approach to deter main insurance called a - correct answer-Risk retention group
needs is rarely used today - correct answer-It doesn't factor in all that it takes to secure a
family's financial futures Which of the following is correct about the HMO claims process - correct answer-Members
no not need to Sumit claims forms for services provided within the network
For tax purposes, a self-employed person includes all the following, EXCEPT: - correct
answer-An incorporated business owner Life insurance is commonly used for all the following needed EXCEPT - correct answer-To
save for a new car in several years
Which policy requires the insurer to give the insured the forms necessary to file a claim -
correct answer-Claim forms Which association protects owners of life and health insurance policies issued by insurance
who become financially unable to pay claims and benefits - correct answer-Life, Accidents,
The intoxicate and marítima provision let's an insurer deny a claim if - correct answer-A loss Health and Hospital Service Insurance Guaranty Association
result from intoxication or use of non-prescribed narcotics
Which of the following statements regarding the taxation of deaf benefits dead paid from a
When Matthew met with a potential client, he used a life insurance illustration to show how group life insurance plan is correct - correct answer-The death benefits is income tax free,
the policy's cash value would grow over the clients lifetime. Matthew could include all of the but interest earned on found left with the insurer under a settlement option is taxable in the
following in the illustration without violating Texas regulations EXCEPT: - correct answer-As year earned
statement that the policy is type of investment and saving plan
Besides select policy anniversary dates, a life insurance guaranteed insurability rider usually
Annuity contracts include a provision to pay a death benefit if the owner or annuitant doesn't permits special alternative option dates that typically include all the following, EXCEPT -
before the contract annuitizes. What does this death benefit typically equal - correct correct answer-The policyowner's loss of job
answer-Either the contract's accumulated valued or the amount of premium the owner
invested whichever is greater Loss of a job is generally not a qualifying special event
The purpose of policy exclusions is to specify: - correct answer-Condiciones that the policy What is the mathematical concept of probability that helps insurance estimates the statistics
does not cover likelihood of mortality or morbidity losses at any given age - correct answer-Law of large
number
An insured medical expense plan requires the insured to pay the medical car provider for
each service rendered. The insurer then reimburses the insured. On what basis are benefits Medicare Part B benefits exclude coverage for - correct answer-G
paid - correct answer-Free-for-service
All of the following statements about indexed life insurance are correct EXCEPT - correct
Which of the following correctly describes the disability income benefit rider availability with answer-Vaccinations
life insurance policies - correct answer-It pays a monthly income de terminated by a formula
specified in the policy if the insured becomes disabled, without impacting the policy's cash In What form does the MIB present it's information to insurance - correct answer-Memetic
value or face amount codes, indicating risk identified in previous applications, that are communicated electronically
TX GENERAL LINES LIFE, ACCIDENT nonresident license in Texas. To do so, she must submit which of the following to TDI -
correct answer-An aplicación, few and letter of certification from her home state
AND HEALTH EXAM PREP
Amanda used a basic illustration to help Mark. a potencial cliente, de understand how the
cash value of his life insurance policy would grow. Mark then agreed to buy the policy. Which
Health insurance coverage under COBRA, HIPAA guarantees that the person will - correct
of the following best describes Amanda's duties which respect to delivering a copy of the
answer-Have Acces to a guaranteed-issue individual health policy, regardless of health
illustration used - correct answer-Amanda must deliver a signed copy ilustración to both
Mark and the insurer
All the following statements about ordinary (or straight) whole life insurance are correct -
correct answer-The cash value remains level throughout the life of the policy
With respect to the transfer-for-value rule, which of the following situations would result in
the new owner being subject to tax on the policy's gain upon the insured's death - correct
Which activity in NOT an error or omission that makes an agent or producer legally to both
answer-Policy is sold by the insured to neighborhood in exchange for cash
the insurance and the insure - correct answer-Placing insurance with an approved surplus
line insurer
Which of the following describes the options available with a universal life insurance policy
the owner no longer wishes to maintain - correct answer-Surrender the policy for its cash
All the following statements about the taxation of annuities are correct EXEPT: - correct
value or let the policy continue without premium until the cash value can no longer cover
answer-Qualified annuities are taxes no different than no qualified annuities
monthly deductions
Which of the following statements about utmost good faith in insurance is correct - correct
A section 125 cafeteria plan may cover which of these expenses - correct answer-Health
answer-Both the insurance and the insurer must act in utmost good faith
insurance premiums
Which annuity settlement option pays income for the annuitant's life, but no less than for a
An insurance producer tells a life insurance applicant that he has the authority to waive the
specified number of year - correct answer-Life income with period certain
medical exam that is normally required by the insurer with every application. The insurer
may be required to accept the application without a medical exam due to the producers: -
Tim has paid only four premium totally $1000 on his health insurance policy when he was
correct answer-Apparent authority
diagnosed with cancer. The insurance company paid more than $100.000 to cover the
medical bills for his treatments which of the following characteristics of insurance contracts -
A long-term care rider on a life insurance policy will pay benefits if the insured is diagnosed
correct answer-They are aleatory
as chronically ill due to which of the following? - correct answer-Either a medical or cognitive
(mental health) reason
Jack, an insurance agent, offers free season football tickets to anyone who buys a life
insurance policy from him. This sales practice is called - correct answer-rebating
Which federal law group health plans and protects their enrollees - correct answer-A
After Todd was injured in a car crash, he received occupational theyto help him return to
What type of state regulation gives a person in poor health or with a pre-existing condition
work. His disability income policy paid for this therapy because it had - correct answer-A
the opportunity to buy health insurance - correct answer-Guaranteed issue
rehabilitation provision
With certain limitations a policyowner may change all of the following in a life insurance
If a small employer insurance decides to terminate all small employer health benefits plans it
policy, EXCEPT: - correct answer-The incontestability provision
issues in TEXAS, it must notify the TEXAS commissioner and all affected employer of its
intent to do so at least - correct answer-At least 180 days before it ends coverage
With certain limitations, a policyowner may change all of the following in a life insurance
policy, EXCEPT: - correct answer-A
Contract characteristics is unique to insurance contracts but NOT all contracts - correct
answer-Unilateral
Where can a person set up a health care savings account (HSA) - correct answer-Financial
institution
When first meeting prospective insurance applicants, a producer must give them a document
that explains the general features, benefits, and condition of type of insurance being
Which statement about converting coverage under a children's term rider is correct - correct
considered. Which is called a - correct answer-Buyer's Guide
answer-Conversion is possible even if the child is uninsurable, and the converted policy
coverage amount may be greater than amount provided under the rider
, Te Generic Informetion Nondiscrimimation Act(GINA) essentially does which of the following
Which of the statements regarding the replacement of a life insurance policy is correct - - correct answer-It prohibits insurance companies from discrimination on the basis of
correct answer-Replacing a policy will require the insured to go through a new contestability information delivered through a genetic test
The commissioner issued a cease and desist order against Nether Insurance Company for JOHN a Tex resident, is covered under a credit life insurance policy while he pays off a car
committing certain practices when settling claims. Nether ignores the order. The loan. Coverage is paid through December, when his loan is scheduled to be paid. If JOHN
commissioner may refer to which of the following for enforcement. - correct answer-State pays off the car loan is September (3 months early) which of the following descuwhat the
attorney general very life insurance company must do with reap to a premium refund - correct answer-It must
refund the premium for the thee-month period following the date JOHN paid off the loan
Which type of group health insurance plan bases premios and benefits in the claim
experience of similar groups in the region - correct answer-Community-rated plan Provider operated by an organization That has a representative form of leadership, operates
on lodge system, and exist solely for the benefit of its member and their beneficiaries is
Which of the following explains why the human life values approach to deter main insurance called a - correct answer-Risk retention group
needs is rarely used today - correct answer-It doesn't factor in all that it takes to secure a
family's financial futures Which of the following is correct about the HMO claims process - correct answer-Members
no not need to Sumit claims forms for services provided within the network
For tax purposes, a self-employed person includes all the following, EXCEPT: - correct
answer-An incorporated business owner Life insurance is commonly used for all the following needed EXCEPT - correct answer-To
save for a new car in several years
Which policy requires the insurer to give the insured the forms necessary to file a claim -
correct answer-Claim forms Which association protects owners of life and health insurance policies issued by insurance
who become financially unable to pay claims and benefits - correct answer-Life, Accidents,
The intoxicate and marítima provision let's an insurer deny a claim if - correct answer-A loss Health and Hospital Service Insurance Guaranty Association
result from intoxication or use of non-prescribed narcotics
Which of the following statements regarding the taxation of deaf benefits dead paid from a
When Matthew met with a potential client, he used a life insurance illustration to show how group life insurance plan is correct - correct answer-The death benefits is income tax free,
the policy's cash value would grow over the clients lifetime. Matthew could include all of the but interest earned on found left with the insurer under a settlement option is taxable in the
following in the illustration without violating Texas regulations EXCEPT: - correct answer-As year earned
statement that the policy is type of investment and saving plan
Besides select policy anniversary dates, a life insurance guaranteed insurability rider usually
Annuity contracts include a provision to pay a death benefit if the owner or annuitant doesn't permits special alternative option dates that typically include all the following, EXCEPT -
before the contract annuitizes. What does this death benefit typically equal - correct correct answer-The policyowner's loss of job
answer-Either the contract's accumulated valued or the amount of premium the owner
invested whichever is greater Loss of a job is generally not a qualifying special event
The purpose of policy exclusions is to specify: - correct answer-Condiciones that the policy What is the mathematical concept of probability that helps insurance estimates the statistics
does not cover likelihood of mortality or morbidity losses at any given age - correct answer-Law of large
number
An insured medical expense plan requires the insured to pay the medical car provider for
each service rendered. The insurer then reimburses the insured. On what basis are benefits Medicare Part B benefits exclude coverage for - correct answer-G
paid - correct answer-Free-for-service
All of the following statements about indexed life insurance are correct EXCEPT - correct
Which of the following correctly describes the disability income benefit rider availability with answer-Vaccinations
life insurance policies - correct answer-It pays a monthly income de terminated by a formula
specified in the policy if the insured becomes disabled, without impacting the policy's cash In What form does the MIB present it's information to insurance - correct answer-Memetic
value or face amount codes, indicating risk identified in previous applications, that are communicated electronically
