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Texas Life and Health Insurance Exam Exam | Questions & Answers Already Passed| Updated 2024
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What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - Answer insurable interest Statements made on an insurance application that are believed to be true to the best of the applicant's knowledge are called - Answer representations
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Texas Life And Health Insurance
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Texas Life and Health Insurance
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