Texas Insurance Exam Complete
Questions And Answers | 100% Verified
How many hours of ethics continuing education must an agent complete in any 2-year
license period? A. 4 B. 5 C. 3 D. 2 CORRECT ANSWERS D
The commissioner has the power to
A. appoint a stock insurance company board of directors B. issue certificates of
authority to insurers C. authorize a mutual insurance company sale of stock D. write and
enact new legislation and statutes affecting the business of insurance CORRECT
ANSWERS B
Written notices of reported violations must be sent within
A. 10 days B. 14 days C. 21 days D. 30 days CORRECT ANSWERS B
All of the following are correct regarding licensing requirements EXCEPT
A. the person must be at least 21 years old B. the state licensing examination must be
passed C. the person has submitted an application D. a non-refundable fee has been
paid CORRECT ANSWERS A
An agent licensed in Texas who moves from one state to another must file proof of
authorization to conduct business in the new state within how many days?
A. 10 B. 20 C. 30 D. 60 CORRECT ANSWERS C
A person who examines and assesses risk for persons seeking or renewing property
and casualty insurance is A. a reinsurer B. a surplus lines agent C. an insurance
counselor D. a risk manager CORRECT ANSWERS D
Insurance issued to Texas residents by companies not licensed to do business in Texas
would be classified as A. unlicensed insurance B. unauthorized insurance C. unlisted
entrance D. alien insurance CORRECT ANSWERS B
Agents who solicit and procure insurance for themselves, their families, and their
business associates (not for the general public) are said to engage in
A. rebating B. surplus lines Insurance C. controlled business D. unauthorized insurance
CORRECT ANSWERS C
At a minimum, the department must examine a carrier at least once every
A. 6 months B. year C. 5 years D. decade CORRECT ANSWERS C
Which of the following is a requirement for a temporary insurance license?
A. The applicant must complete a licensing course within 10 days of application filing.
B. The applicant must complete training supervised by an agent, insurer, or HMO.
C. The applicant must be sponsored by the Department.
, D. The applicant must demonstrate high unethical standards. CORRECT ANSWERS B
How many hours of continuing educations is an agent responsible to complete in any 2-
year license period?
A. 15
B. 24
C. None if licensed less than 5 years.
D. It depends on the agent's birth date. CORRECT ANSWERS B
Which of the following is an example of misrepresentation?
A. An agent convinces a prospect to replace his existing homeowners policy with a new,
more expensive policy that provides more coverage.
B. An insurer advertises a life insurance policy without mentioning that premiums may
be paid quarterly instead of annually.
C. An agent leads a buyer of an auto policy to believe that she will be covered when
driving others' cars when she will not.
D. An agent offers a housewarming present to anyone who purchases homeowners
insurance from him. CORRECT ANSWERS C
Making a misrepresentation to induce a policyholder to lapse a policy is considered
A. coercion
B. intimidation
C. rebating
D. twisting CORRECT ANSWERS D
In the event of a total loss by fire of real property, the policyholder is entitled to be paid
what amount?
A. The replacement value of the property
B. The full policy amount
C. The actual cash value of the property
D. The market value of the property CORRECT ANSWERS B
Which of the following acts is considered an unfair or deceptive act or practice?
A. Representing a binder as evidence of insurance
B. Encouraging an agent to sell only one type of businessowner's policy
C. Issuing policies at a higher premium rate for higher risk insureds
D. Providing for the payment of part of the agent's commission to the insured
CORRECT ANSWERS D
General duties of the Commissioner include all of the following EXCEPT
A. calculating reinsurance reserves
B. publishing results of insurance investigations
C. enacting new laws
D. reporting to the governor CORRECT ANSWERS C
Which of the following acts constitutes an unfair practice involving false advertising?
Questions And Answers | 100% Verified
How many hours of ethics continuing education must an agent complete in any 2-year
license period? A. 4 B. 5 C. 3 D. 2 CORRECT ANSWERS D
The commissioner has the power to
A. appoint a stock insurance company board of directors B. issue certificates of
authority to insurers C. authorize a mutual insurance company sale of stock D. write and
enact new legislation and statutes affecting the business of insurance CORRECT
ANSWERS B
Written notices of reported violations must be sent within
A. 10 days B. 14 days C. 21 days D. 30 days CORRECT ANSWERS B
All of the following are correct regarding licensing requirements EXCEPT
A. the person must be at least 21 years old B. the state licensing examination must be
passed C. the person has submitted an application D. a non-refundable fee has been
paid CORRECT ANSWERS A
An agent licensed in Texas who moves from one state to another must file proof of
authorization to conduct business in the new state within how many days?
A. 10 B. 20 C. 30 D. 60 CORRECT ANSWERS C
A person who examines and assesses risk for persons seeking or renewing property
and casualty insurance is A. a reinsurer B. a surplus lines agent C. an insurance
counselor D. a risk manager CORRECT ANSWERS D
Insurance issued to Texas residents by companies not licensed to do business in Texas
would be classified as A. unlicensed insurance B. unauthorized insurance C. unlisted
entrance D. alien insurance CORRECT ANSWERS B
Agents who solicit and procure insurance for themselves, their families, and their
business associates (not for the general public) are said to engage in
A. rebating B. surplus lines Insurance C. controlled business D. unauthorized insurance
CORRECT ANSWERS C
At a minimum, the department must examine a carrier at least once every
A. 6 months B. year C. 5 years D. decade CORRECT ANSWERS C
Which of the following is a requirement for a temporary insurance license?
A. The applicant must complete a licensing course within 10 days of application filing.
B. The applicant must complete training supervised by an agent, insurer, or HMO.
C. The applicant must be sponsored by the Department.
, D. The applicant must demonstrate high unethical standards. CORRECT ANSWERS B
How many hours of continuing educations is an agent responsible to complete in any 2-
year license period?
A. 15
B. 24
C. None if licensed less than 5 years.
D. It depends on the agent's birth date. CORRECT ANSWERS B
Which of the following is an example of misrepresentation?
A. An agent convinces a prospect to replace his existing homeowners policy with a new,
more expensive policy that provides more coverage.
B. An insurer advertises a life insurance policy without mentioning that premiums may
be paid quarterly instead of annually.
C. An agent leads a buyer of an auto policy to believe that she will be covered when
driving others' cars when she will not.
D. An agent offers a housewarming present to anyone who purchases homeowners
insurance from him. CORRECT ANSWERS C
Making a misrepresentation to induce a policyholder to lapse a policy is considered
A. coercion
B. intimidation
C. rebating
D. twisting CORRECT ANSWERS D
In the event of a total loss by fire of real property, the policyholder is entitled to be paid
what amount?
A. The replacement value of the property
B. The full policy amount
C. The actual cash value of the property
D. The market value of the property CORRECT ANSWERS B
Which of the following acts is considered an unfair or deceptive act or practice?
A. Representing a binder as evidence of insurance
B. Encouraging an agent to sell only one type of businessowner's policy
C. Issuing policies at a higher premium rate for higher risk insureds
D. Providing for the payment of part of the agent's commission to the insured
CORRECT ANSWERS D
General duties of the Commissioner include all of the following EXCEPT
A. calculating reinsurance reserves
B. publishing results of insurance investigations
C. enacting new laws
D. reporting to the governor CORRECT ANSWERS C
Which of the following acts constitutes an unfair practice involving false advertising?
