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Texas State Insurance License Exam Already Answered with 100% Correct Answers

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Texas State Insurance License Exam An insurer neglects to pay a legitimate claim that is covered under the terms of the policy. Which of the following insurance principles has the insurer violated? - Ans: Consideration Which of the following statements regarding HIV testing for insurance purposes is NOT true? - Ans: Insurers are barred from requesting HIV testing. All of the following are dividend options EXCEPT - Ans: Fixed period installments Which of the following documents delivered to the policyowner includes information about premium amounts, cash values, surrender values and death benefits for specific policy years? - Ans: A Policy Summary A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA within 60 days. Which of the following is true? - Ans: The amount of the distribution is reduced by the amount of a 20% withholding tax. Which of the following best describes annually renewable term insurance? - Ans: It's Level Term Insurance Which of the following policies would be classified as a traditional level premium contract? - Ans: Straight Life Which option is being utilized when the insurer accumulates dividends at interest and then uses the accumulated dividends, plus interest, and the policy cash value to pay the policy up early? - Ans: Paid Up Option


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