Life & Health - TX State Laws Questions
with Already Verified Answers
Which of the following is not a duty of the commissioner? - Answer Make state insurance laws
The commissioner may examine the records of an insurance company for the purpose of: - Answer
Determining solvency
The commissioner is authorized to perform all of the following duties, except: - Answer Suspend
insurance licenses for up to 5 years
A Certificate of Authority is issued to an insurer for which of the following reasons? - Answer It certifies
the insurer is authorized to transact insurance in this state
Which of the following is NOT transacting insurance? - Answer Selling stocks, bonds, and mutual funds
According to the Texas Insurance Code, an insurance company incorporated in New Mexico is a(n): -
Answer Foreign insurer
Which type of insurance company is owned by its policyholders? - Answer Mutual insurer
Who is NOT eligible for an agent license in this state? - Answer A 17-year old who passed the licensing
exam 6 months ago
Holding which of the following professional designations will exempt a person from taking the life
licensing examination? - Answer Chartered Life Underwriter (CLU)
A licensed agent is required to obtain which of the following before transacting insurance in Texas? -
Answer An appointment from an insurer
An agent's appointment: - Answer Remains in force until terminated or withdrawn
with Already Verified Answers
Which of the following is not a duty of the commissioner? - Answer Make state insurance laws
The commissioner may examine the records of an insurance company for the purpose of: - Answer
Determining solvency
The commissioner is authorized to perform all of the following duties, except: - Answer Suspend
insurance licenses for up to 5 years
A Certificate of Authority is issued to an insurer for which of the following reasons? - Answer It certifies
the insurer is authorized to transact insurance in this state
Which of the following is NOT transacting insurance? - Answer Selling stocks, bonds, and mutual funds
According to the Texas Insurance Code, an insurance company incorporated in New Mexico is a(n): -
Answer Foreign insurer
Which type of insurance company is owned by its policyholders? - Answer Mutual insurer
Who is NOT eligible for an agent license in this state? - Answer A 17-year old who passed the licensing
exam 6 months ago
Holding which of the following professional designations will exempt a person from taking the life
licensing examination? - Answer Chartered Life Underwriter (CLU)
A licensed agent is required to obtain which of the following before transacting insurance in Texas? -
Answer An appointment from an insurer
An agent's appointment: - Answer Remains in force until terminated or withdrawn
