TEXAS FUNERAL PREARRANGEMENT LICENSE
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS
WITH ANSWERS //GRADED A+//LATEST UPDATED
A copy of an insurance-funded prepaid funeral contract
must be provided to the purchaser within ____ from
when it was signed
30 days
Premiums collected from insurance policies funding
prepaid funeral benefits must be remitted to the
insurance company within
30 days
A contract seller's permit may be cancelled for
failing to provide premium remittance evidence
requested by the Banking Department
Regarding the Federal Waiver of Cancellation Form,
it is not needed when the prearrangement contract is
purchased at the funeral home
Page 1 of 23
,At the time of the sale of a funeral prearrangement
contract, the purchaser should be given
the "Facts about Funerals" pamphlet from the Texas
Funeral Service Commission
Selling a funeral prearrangement contract to a person
who cannot afford it can result often in
loss of business to the funeral home
Regarding misrepresentation of the proposed isured's
health
if the insurance company accepts the application, the
applicant's health cannot be questioned
The purchaser of a prepaid funeral benefits contract
may be given the option to irrevocably waive
the purchaser's right to cancel the contract
Page 2 of 23
, Failure to describe fully the goods and materials on the
contract may result in
harm to the agent's relationship with the funeral home,
return of the contract for corrections and resubmission,
stress and confusion for customers family at the time
of the funeral
In insurance, under the law of agency,
the INSURER is bound by the acts of its insurance
agents
An insurance company that allows an agent to collect
premiums on its behalf even though that authority is
not listed in the agent's contract is considered ____
authority
implied
The implied authority of insurance agents is
unwritten
Page 3 of 23
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS
WITH ANSWERS //GRADED A+//LATEST UPDATED
A copy of an insurance-funded prepaid funeral contract
must be provided to the purchaser within ____ from
when it was signed
30 days
Premiums collected from insurance policies funding
prepaid funeral benefits must be remitted to the
insurance company within
30 days
A contract seller's permit may be cancelled for
failing to provide premium remittance evidence
requested by the Banking Department
Regarding the Federal Waiver of Cancellation Form,
it is not needed when the prearrangement contract is
purchased at the funeral home
Page 1 of 23
,At the time of the sale of a funeral prearrangement
contract, the purchaser should be given
the "Facts about Funerals" pamphlet from the Texas
Funeral Service Commission
Selling a funeral prearrangement contract to a person
who cannot afford it can result often in
loss of business to the funeral home
Regarding misrepresentation of the proposed isured's
health
if the insurance company accepts the application, the
applicant's health cannot be questioned
The purchaser of a prepaid funeral benefits contract
may be given the option to irrevocably waive
the purchaser's right to cancel the contract
Page 2 of 23
, Failure to describe fully the goods and materials on the
contract may result in
harm to the agent's relationship with the funeral home,
return of the contract for corrections and resubmission,
stress and confusion for customers family at the time
of the funeral
In insurance, under the law of agency,
the INSURER is bound by the acts of its insurance
agents
An insurance company that allows an agent to collect
premiums on its behalf even though that authority is
not listed in the agent's contract is considered ____
authority
implied
The implied authority of insurance agents is
unwritten
Page 3 of 23
