Texas Health and Life Insurance ExamFX | 340 Questions with 100% Correct Answers | Updated & Verified | 106 Pages

What is the purpose of the buyer's guide? A.To Allow the consumer to compare the costs of different policies B. To provide the name and address of the agent. C. to list all policy riders. D. To provide information about the policy. - A.To Allow the consumer to compare the costs of different policies Which of the following best describes the concept that the insured pays a small amount of premium for a large amount of risk on the part of the insurance company? AAdhesion BSubrogation CWarranty DAleatory - D. Aleatory What is the purpose of a conditional receipt? AIt is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issue. BIt is intended to provide coverage on a date earlier than the date of the issuance of the policy.