Insurance license practice XCEL solutions FINAL EXAM
#12 - Texas life only
Question 1 Life income
Which settlement option pays a stated amount to an
annuitant, but no residual value to a beneficiary?
, Question 2 24 hours
A new agent must complete at least____hours of
continuing education within 24 months of initial license?
Question 3 Adjust the death benefits to a reduced
amount L takes out a life insurance policy and dies 10 years later.
During the claim process, the insurer discovers that L
has understated range on the application. Under the
misstatement of age provision the insurer will?
Question 4 And insurer exaggerating in dividends in a magazine
advertisement An example of false advertising would be?
Question 5 Another agent with the same line of
insurance With whom an agent legally share commissions?
Question 6 Other agents
Insurance agent as a fiduciary responsibility to all of the
following EXCEPT?
Question 7 Selling shares of stock
Which of these is not an example of doing insurance
business?
Question 8 Fiduciary responsibility
taking receipt of premiums and holding them for the
insurance company is an example of?
Question 9 Indexed annuity owners receive crediting interest time to the fluctuation of
the How does an indexed annuity differ from a fixed annuity? linked index
Question 10 Variable universal life
which of the following policies combines investment
choices with a form of Term coverage?
Question 11 Until terminated
How long does an insurance company appointment
remain in force?
Question 12 31 days
in Texas an individual life insurance policy is REQUIRED
to have a grace period of?
Question 13 A minimum guaranteed death benefit is
provided Which statement is TRUE regarding a variable whole life
policy?
Question 14 Unilateral
in an insurance contract the insurer is the only party
who makes a
#12 - Texas life only
Question 1 Life income
Which settlement option pays a stated amount to an
annuitant, but no residual value to a beneficiary?
, Question 2 24 hours
A new agent must complete at least____hours of
continuing education within 24 months of initial license?
Question 3 Adjust the death benefits to a reduced
amount L takes out a life insurance policy and dies 10 years later.
During the claim process, the insurer discovers that L
has understated range on the application. Under the
misstatement of age provision the insurer will?
Question 4 And insurer exaggerating in dividends in a magazine
advertisement An example of false advertising would be?
Question 5 Another agent with the same line of
insurance With whom an agent legally share commissions?
Question 6 Other agents
Insurance agent as a fiduciary responsibility to all of the
following EXCEPT?
Question 7 Selling shares of stock
Which of these is not an example of doing insurance
business?
Question 8 Fiduciary responsibility
taking receipt of premiums and holding them for the
insurance company is an example of?
Question 9 Indexed annuity owners receive crediting interest time to the fluctuation of
the How does an indexed annuity differ from a fixed annuity? linked index
Question 10 Variable universal life
which of the following policies combines investment
choices with a form of Term coverage?
Question 11 Until terminated
How long does an insurance company appointment
remain in force?
Question 12 31 days
in Texas an individual life insurance policy is REQUIRED
to have a grace period of?
Question 13 A minimum guaranteed death benefit is
provided Which statement is TRUE regarding a variable whole life
policy?
Question 14 Unilateral
in an insurance contract the insurer is the only party
who makes a
