FUNERAL PREARRANGEMENT TX MAIN ALL
ANSWERS AND QUESTIONS SET A+
✔✔The type of authority that is detailed in the agent's contract with the insurance
company - ✔✔is express
✔✔An agent who advertises the feature of a particular policy must obtain prior approval
from the - ✔✔insurance company
✔✔When an annuity advertisement includes the current interest rate being credited, it
must also include - ✔✔the guaranteed interest rate
✔✔A life insurance policy summary is a summary of - ✔✔the policy benefits and costs
✔✔A life insurance illustration - ✔✔illustrates hypothetical results of the policy
✔✔The latest time of the day that a collector can place a call is - ✔✔9:00 p.m.
✔✔_____ is making statements about a policy that would lead an individual to a false
conclusion - ✔✔misrepresentation
✔✔During a sales presentation, it is considered an unfair trade practice for an insurance
agent to omit a - ✔✔material fact when describing a policy
✔✔An advertisement for an insurance policy cannot - ✔✔use a potentially misleading
policy title
✔✔An agent who publishes a derogatory article about the funeral condition of an insurer
may be guilty of - ✔✔defamation
✔✔An insurance agent may be found guilty of defamation for - ✔✔making a false
statement about another insurance company's solvency
, ✔✔It is unlawful to charge different life insurance premium rates among individuals who
have the - ✔✔same life expectancy
✔✔Giving a _______ a portion of the agent's commission would be considered rebating
- ✔✔policyholder
✔✔During a life insurance sales presentation, it is unlawful for an agent to - ✔✔promise
to share the agent's commission with the applicant
✔✔When an insurance agent discovers that a fraudulent insurance act has been
committed, the agent must report it within - ✔✔30 days
✔✔If the Texas Commissioner of Insurance suspects an agent of committing a
fraudulent insurance act, the Commissioner must - ✔✔report the information to a law
enforcement agency or prosecuting attorney
✔✔The accumulation of cash value in whole life insurance policies is made possible -
✔✔by the level premium arrangement
✔✔Whole life insurance is designed to afford protection up to - ✔✔age 100
✔✔Under a continuous premium whole life policy, premiums are payable every year to -
✔✔age 100
✔✔When compared to a whole life policy with premiums payable for life for the same
face amount, a limited payment whole life policy will have - ✔✔a shorter premium-
paying period
✔✔Under limited payment whole life policy, the guaranteed cash surrender value must
equal the face amount when - ✔✔the insured reaches age 100
✔✔Single premium whole life policy, the guaranteed cash surrender value must equal
the face amount when - ✔✔the insured reaches age 100
✔✔______ type of whole life insurance always has cash surrender valve when the
policy may be able to - ✔✔A single premium
✔✔If the insurer's experience improves, the owner of an interest-sensitive whole life
insurance policy may be able to - ✔✔pay lower premiums for the same benefits
✔✔_____ when a deferred life insurance policy has remained in force for the specified
vesting period - ✔✔The death benefit increases
ANSWERS AND QUESTIONS SET A+
✔✔The type of authority that is detailed in the agent's contract with the insurance
company - ✔✔is express
✔✔An agent who advertises the feature of a particular policy must obtain prior approval
from the - ✔✔insurance company
✔✔When an annuity advertisement includes the current interest rate being credited, it
must also include - ✔✔the guaranteed interest rate
✔✔A life insurance policy summary is a summary of - ✔✔the policy benefits and costs
✔✔A life insurance illustration - ✔✔illustrates hypothetical results of the policy
✔✔The latest time of the day that a collector can place a call is - ✔✔9:00 p.m.
✔✔_____ is making statements about a policy that would lead an individual to a false
conclusion - ✔✔misrepresentation
✔✔During a sales presentation, it is considered an unfair trade practice for an insurance
agent to omit a - ✔✔material fact when describing a policy
✔✔An advertisement for an insurance policy cannot - ✔✔use a potentially misleading
policy title
✔✔An agent who publishes a derogatory article about the funeral condition of an insurer
may be guilty of - ✔✔defamation
✔✔An insurance agent may be found guilty of defamation for - ✔✔making a false
statement about another insurance company's solvency
, ✔✔It is unlawful to charge different life insurance premium rates among individuals who
have the - ✔✔same life expectancy
✔✔Giving a _______ a portion of the agent's commission would be considered rebating
- ✔✔policyholder
✔✔During a life insurance sales presentation, it is unlawful for an agent to - ✔✔promise
to share the agent's commission with the applicant
✔✔When an insurance agent discovers that a fraudulent insurance act has been
committed, the agent must report it within - ✔✔30 days
✔✔If the Texas Commissioner of Insurance suspects an agent of committing a
fraudulent insurance act, the Commissioner must - ✔✔report the information to a law
enforcement agency or prosecuting attorney
✔✔The accumulation of cash value in whole life insurance policies is made possible -
✔✔by the level premium arrangement
✔✔Whole life insurance is designed to afford protection up to - ✔✔age 100
✔✔Under a continuous premium whole life policy, premiums are payable every year to -
✔✔age 100
✔✔When compared to a whole life policy with premiums payable for life for the same
face amount, a limited payment whole life policy will have - ✔✔a shorter premium-
paying period
✔✔Under limited payment whole life policy, the guaranteed cash surrender value must
equal the face amount when - ✔✔the insured reaches age 100
✔✔Single premium whole life policy, the guaranteed cash surrender value must equal
the face amount when - ✔✔the insured reaches age 100
✔✔______ type of whole life insurance always has cash surrender valve when the
policy may be able to - ✔✔A single premium
✔✔If the insurer's experience improves, the owner of an interest-sensitive whole life
insurance policy may be able to - ✔✔pay lower premiums for the same benefits
✔✔_____ when a deferred life insurance policy has remained in force for the specified
vesting period - ✔✔The death benefit increases
