Texas life and health Final Exam Review , Texas Life and Health - Final Exam , Life & Health Insurance Texas Final Exam With Complete Solution, Texas Life and Health Insurance Final Exam With Correct Answers, Texas Life and Health Insurance Exam With Verified Answers, STUDY GUIDE, Texas Life and He...
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If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - Answer pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provi...
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Add to cartIf, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - Answer pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provi...
A certificate of _____ permits an insurance company to transact business in Texas. - Answer Authority Which of the following statements about Health Reimbursement Arrangements (HRA) is CORRECT? - Answer If the employee paid for qualified medical expenses, the reimbursements may be tax-free The...
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Add to cartA certificate of _____ permits an insurance company to transact business in Texas. - Answer Authority Which of the following statements about Health Reimbursement Arrangements (HRA) is CORRECT? - Answer If the employee paid for qualified medical expenses, the reimbursements may be tax-free The...
A Variable insurance policy: -guarantees a minimum rate of return -does not allow the policyowner to assume the investment risk -does not guarantee a return on its investment accounts -does not guarantee an assignment provision - Answer -does not guarantee a return on its investment accounts ...
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Add to cartA Variable insurance policy: -guarantees a minimum rate of return -does not allow the policyowner to assume the investment risk -does not guarantee a return on its investment accounts -does not guarantee an assignment provision - Answer -does not guarantee a return on its investment accounts ...
D is an architect receiving Disability Income benefits who is not able to return to work full time, but can work on a part-time basis. Which of these features would allow D to continue receiving benefits? *Residual Benefit clause *Waiver Benefit clause *Concurrent Benefit clause *Guaranteed Be...
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Add to cartD is an architect receiving Disability Income benefits who is not able to return to work full time, but can work on a part-time basis. Which of these features would allow D to continue receiving benefits? *Residual Benefit clause *Waiver Benefit clause *Concurrent Benefit clause *Guaranteed Be...
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What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer reserves When third-p...
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Add to cartWhat type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer reserves When third-p...
S has a Whole Life policy with a premium payment due soon. Which provision would keep the policy in force if S does not make the required payment and the policy has adequate cash value from which the premium payment can be made? - Answer Automatic Policy Loan will keep a Whole Life policy in forc...
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Add to cartS has a Whole Life policy with a premium payment due soon. Which provision would keep the policy in force if S does not make the required payment and the policy has adequate cash value from which the premium payment can be made? - Answer Automatic Policy Loan will keep a Whole Life policy in forc...
At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Answer Upon completion of the application Who elects the governing body of a mutual insurance company? - Answer policyholders An insurance applicant MUST be informed of an...
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Add to cartAt what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Answer Upon completion of the application Who elects the governing body of a mutual insurance company? - Answer policyholders An insurance applicant MUST be informed of an...
Which of these characteristics is consistent with a Straight Life Policy? - Answer Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typically invested in? - Answer S&P 500 Which of the following does Social Security NO...
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Add to cartWhich of these characteristics is consistent with a Straight Life Policy? - Answer Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typically invested in? - Answer S&P 500 Which of the following does Social Security NO...
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