TEXAS GENERAL LINES LIFE, ACCIDENT AND
HEALTH INSURANCE 2 LATEST VERSIONS
ACTUAL EXAM COMPLETE 500 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
1. Health insurance coverage under COBRA, HIPAA guarantees that the person will ...Answer
Is...Have Acces to a guaranteed-issue individual health policy, regardless of health
2. All the following statements about ordinary (or straight) whole life insurance are
correct ...Answer Is...The cash value remains level throughout the life of the policy
3. Which activity in NOT an error or omission that makes an agent or producer legally to both the
insurance and the insure ...Answer Is...Placing insurance with an approved surplus line insurer
4. All the following statements about the taxation of annuities are correct EXEPT: ...Answer
Is...Qualified annuities are taxes no different than no qualified annuities
5. Which of the following statements about utmost good faith in insurance is correct ...Answer
Is...Both the insurance and the insurer must act in utmost good faith
6. Which annuity settlement option pays income for the annuitant's life, but no less than for a
specified number of year ...Answer Is...Life income with period certain
7. Tim has paid only four premium totally $1000 on his health insurance policy when he was
diagnosed with cancer. The insurance company paid more than $100.000 to cover the medical
bills for his treatments which of the following characteristics of insurance contracts ...Answer
Is...They are aleatory
,8. Jack, an insurance agent, offers free season football tickets to anyone who buys a life insurance
policy from him. This sales practice is called ...Answer Is...rebating
9. After Todd was injured in a car crash, he received occupational theyto help him return to work.
His disability income policy paid for this therapy because it had ...Answer Is...A rehabilitation
provision
10. If a small employer insurance decides to terminate all small employer health benefits plans it
issues in TEXAS, it must notify the TEXAS commissioner and all affected employer of its intent to
do so at least ...Answer Is...At least 180 days before it ends coverage
11. Contract characteristics is unique to insurance contracts but NOT all contracts ...Answer
Is...Unilateral
12. When first meeting prospective insurance applicants, a producer must give them a document
that explains the general features, benefits, and condition of type of insurance being
considered. Which is called a ...Answer Is...Buyer's Guide
13. Abby, who life in New York she is a licensed life insurance agent , wants to apply fo a
nonresident license in Texas. To do so, she must submit which of the following to TDI ...Answer
Is...An aplicación, few and letter of certification from her home state
14. Amanda used a basic illustration to help Mark. a potencial cliente, de understand how the cash
value of his life insurance policy would grow. Mark then agreed to buy the policy. Which of the
following best describes Amanda's duties which respect to delivering a copy of the illustration
used ...Answer Is...Amanda must deliver a signed copy ilustración to both Mark and the insurer
15. With respect to the transfer-for-value rule, which of the following situations would result in the
new owner being subject to tax on the policy's gain upon the insured's death ...Answer Is...Policy
is sold by the insured to neighborhood in exchange for cash
16. Which of the following describes the options available with a universal life insurance policy the
owner no longer wishes to maintain ...Answer Is...Surrender the policy for its cash value or let
the policy continue without premium until the cash value can no longer cover monthly
deductions
, 17. A section 125 cafeteria plan may cover which of these expenses ...Answer Is...Health insurance
premiums
18. An insurance producer tells a life insurance applicant that he has the authority to waive the
medical exam that is normally required by the insurer with every application. The insurer may
be required to accept the application without a medical exam due to the producers: ...Answer
Is...Apparent authority
19. A long-term care rider on a life insurance policy will pay benefits if the insured is diagnosed as
chronically ill due to which of the following? ...Answer Is...Either a medical or cognitive (mental
health) reason
20. Which federal law group health plans and protects their enrollees ...Answer Is...A
21. What type of state regulation gives a person in poor health or with a pre-existing condition the
opportunity to buy health insurance ...Answer Is...Guaranteed issue
22. With certain limitations a policyowner may change all of the following in a life insurance policy,
EXCEPT: ...Answer Is...The incontestability provision
23. With certain limitations, a policyowner may change all of the following in a life insurance policy,
EXCEPT: ...Answer Is...A
24. Where can a person set up a health care savings account (HSA) ...Answer Is...Financial institution
25. Which statement about converting coverage under a children's term rider is correct ...Answer
Is...Conversion is possible even if the child is uninsurable, and the converted policy coverage
amount may be greater than amount provided under the rider
26. Which of the statements regarding the replacement of a life insurance policy is correct ...Answer
Is...Replacing a policy will require the insured to go through a new contestability
HEALTH INSURANCE 2 LATEST VERSIONS
ACTUAL EXAM COMPLETE 500 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
1. Health insurance coverage under COBRA, HIPAA guarantees that the person will ...Answer
Is...Have Acces to a guaranteed-issue individual health policy, regardless of health
2. All the following statements about ordinary (or straight) whole life insurance are
correct ...Answer Is...The cash value remains level throughout the life of the policy
3. Which activity in NOT an error or omission that makes an agent or producer legally to both the
insurance and the insure ...Answer Is...Placing insurance with an approved surplus line insurer
4. All the following statements about the taxation of annuities are correct EXEPT: ...Answer
Is...Qualified annuities are taxes no different than no qualified annuities
5. Which of the following statements about utmost good faith in insurance is correct ...Answer
Is...Both the insurance and the insurer must act in utmost good faith
6. Which annuity settlement option pays income for the annuitant's life, but no less than for a
specified number of year ...Answer Is...Life income with period certain
7. Tim has paid only four premium totally $1000 on his health insurance policy when he was
diagnosed with cancer. The insurance company paid more than $100.000 to cover the medical
bills for his treatments which of the following characteristics of insurance contracts ...Answer
Is...They are aleatory
,8. Jack, an insurance agent, offers free season football tickets to anyone who buys a life insurance
policy from him. This sales practice is called ...Answer Is...rebating
9. After Todd was injured in a car crash, he received occupational theyto help him return to work.
His disability income policy paid for this therapy because it had ...Answer Is...A rehabilitation
provision
10. If a small employer insurance decides to terminate all small employer health benefits plans it
issues in TEXAS, it must notify the TEXAS commissioner and all affected employer of its intent to
do so at least ...Answer Is...At least 180 days before it ends coverage
11. Contract characteristics is unique to insurance contracts but NOT all contracts ...Answer
Is...Unilateral
12. When first meeting prospective insurance applicants, a producer must give them a document
that explains the general features, benefits, and condition of type of insurance being
considered. Which is called a ...Answer Is...Buyer's Guide
13. Abby, who life in New York she is a licensed life insurance agent , wants to apply fo a
nonresident license in Texas. To do so, she must submit which of the following to TDI ...Answer
Is...An aplicación, few and letter of certification from her home state
14. Amanda used a basic illustration to help Mark. a potencial cliente, de understand how the cash
value of his life insurance policy would grow. Mark then agreed to buy the policy. Which of the
following best describes Amanda's duties which respect to delivering a copy of the illustration
used ...Answer Is...Amanda must deliver a signed copy ilustración to both Mark and the insurer
15. With respect to the transfer-for-value rule, which of the following situations would result in the
new owner being subject to tax on the policy's gain upon the insured's death ...Answer Is...Policy
is sold by the insured to neighborhood in exchange for cash
16. Which of the following describes the options available with a universal life insurance policy the
owner no longer wishes to maintain ...Answer Is...Surrender the policy for its cash value or let
the policy continue without premium until the cash value can no longer cover monthly
deductions
, 17. A section 125 cafeteria plan may cover which of these expenses ...Answer Is...Health insurance
premiums
18. An insurance producer tells a life insurance applicant that he has the authority to waive the
medical exam that is normally required by the insurer with every application. The insurer may
be required to accept the application without a medical exam due to the producers: ...Answer
Is...Apparent authority
19. A long-term care rider on a life insurance policy will pay benefits if the insured is diagnosed as
chronically ill due to which of the following? ...Answer Is...Either a medical or cognitive (mental
health) reason
20. Which federal law group health plans and protects their enrollees ...Answer Is...A
21. What type of state regulation gives a person in poor health or with a pre-existing condition the
opportunity to buy health insurance ...Answer Is...Guaranteed issue
22. With certain limitations a policyowner may change all of the following in a life insurance policy,
EXCEPT: ...Answer Is...The incontestability provision
23. With certain limitations, a policyowner may change all of the following in a life insurance policy,
EXCEPT: ...Answer Is...A
24. Where can a person set up a health care savings account (HSA) ...Answer Is...Financial institution
25. Which statement about converting coverage under a children's term rider is correct ...Answer
Is...Conversion is possible even if the child is uninsurable, and the converted policy coverage
amount may be greater than amount provided under the rider
26. Which of the statements regarding the replacement of a life insurance policy is correct ...Answer
Is...Replacing a policy will require the insured to go through a new contestability
