2024 Insurance license practice XCEL
solutions FINAL EXAM #12 - Texas life
only with 100 questions
Question 1
Which settlement option pays a stated amount to an annuitant, but no residual
value to a beneficiary?
Life income
Question 2
A new agent must complete at least _____ hours of continuing education within
24 months of initial license?
24 hours
Question 3
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?
Adjust the death benefits to a reduced amount
Question 4
An example of false advertising would be?
And insurer exaggerating in dividends in a magazine advertisement
Question 5
,2024 Insurance license practice XCEL
solutions FINAL EXAM #12 - Texas life
only with 100 questions
With whom an agent legally share commissions?
Another agent with the same line of insurance
Question 6
Insurance agent as a fiduciary responsibility to all of the following EXCEPT?
Other agents
Question 7
Which of these is not an example of doing insurance business?
Selling shares of stock
Question 8
taking receipt of premiums and holding them for the insurance company is an
example of?
Fiduciary responsibility
Question 9
How does an indexed annuity differ from a fixed annuity?
, 2024 Insurance license practice XCEL
solutions FINAL EXAM #12 - Texas life
only with 100 questions
Indexed annuity owners receive crediting interest time to the fluctuation of the
linked index
Question 10
which of the following policies combines investment choices with a form of Term
coverage?
Variable universal life
Question 11
How long does an insurance company appointment remain in force?
Until terminated
Question 12
in Texas an individual life insurance policy is REQUIRED to have a grace period of?
31 days
Question 13
solutions FINAL EXAM #12 - Texas life
only with 100 questions
Question 1
Which settlement option pays a stated amount to an annuitant, but no residual
value to a beneficiary?
Life income
Question 2
A new agent must complete at least _____ hours of continuing education within
24 months of initial license?
24 hours
Question 3
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?
Adjust the death benefits to a reduced amount
Question 4
An example of false advertising would be?
And insurer exaggerating in dividends in a magazine advertisement
Question 5
,2024 Insurance license practice XCEL
solutions FINAL EXAM #12 - Texas life
only with 100 questions
With whom an agent legally share commissions?
Another agent with the same line of insurance
Question 6
Insurance agent as a fiduciary responsibility to all of the following EXCEPT?
Other agents
Question 7
Which of these is not an example of doing insurance business?
Selling shares of stock
Question 8
taking receipt of premiums and holding them for the insurance company is an
example of?
Fiduciary responsibility
Question 9
How does an indexed annuity differ from a fixed annuity?
, 2024 Insurance license practice XCEL
solutions FINAL EXAM #12 - Texas life
only with 100 questions
Indexed annuity owners receive crediting interest time to the fluctuation of the
linked index
Question 10
which of the following policies combines investment choices with a form of Term
coverage?
Variable universal life
Question 11
How long does an insurance company appointment remain in force?
Until terminated
Question 12
in Texas an individual life insurance policy is REQUIRED to have a grace period of?
31 days
Question 13
