Texas Health and Life Insurance
Exam Questions and Answers
100% PASS
Why does an insurer have a 2-year suicide clause?
a) because the commissioner of insurance requires it.
b) suicide is never paid for in life insurance.
c)to prevent payment of an immediate claim for a person contemplating suicide.
d) to help an insurer be more profitable. - CORRECT ANSWER-Answer: C
To prevent payment of an immediate claim for a person contemplating suicide.
Which of these could the owner of a life insurance policy do when there is a
collateral assignment?
a) determine how the dividends are used.
b) cash surrender the policy.
c) obtain another loan.
d) cancel the policy. - CORRECT ANSWER-Answer: A
Determine how the dividends are used.
,When only the insurer is allowed to alter an insurance contract, the clause that
provides this is called?
a) ownership
b) entire contract
c) consideration
d) incontestable - CORRECT ANSWER-Answer: B
Entire contract
Which of these is required to reinstate a lapsed policy?
a) obtain a loan
b) fill out a new application
c) pay a late fee
d) provide evidence of insurability - CORRECT ANSWER-Answer: D
Provide evidence of insurability
The insuring clause in an adjustable life policy has all the following EXCEPT?
a) insured
b) insurer
c) amount of premium
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,d) amount of death benefit - CORRECT ANSWER-Answer: C
Amount of premium
Which of the following cannot request or make a change to alter a life insurance
policy?
a) the agent who wrote the policy
b) the policy owner
c) an executive officer of the insurer
d) a person who has absolute assignment - CORRECT ANSWER-Answer: A
The agent who wrote the policy
Which of these cannot sign or request a change in an insurance contract?
a) policy owner
b) insured
c) executive officer of insurer
d) producer of insurer - CORRECT ANSWER-Answer: D
Producer of insurer
When the policy owner pays a premium in exchange for the insurer's promise to
pay, what provision is this?
a) consideration
, b) entire contract
c) insuring clause
d) changes - CORRECT ANSWER-Answer: A
Consideration
When the insurer cannot contest a claim after 2 years, that is called?
a) suicide clause
b) incontestability clause
c) entire contract
d) consideration clause - CORRECT ANSWER-Answer: B
Incontestability clause
Misstatement of age or gender on the application will result in?
a) the policy being considered void or cancelled
b) return of premiums
c) death benefit paid adjusted to fit true age and gender
d) full death benefit regardless - CORRECT ANSWER-Answer: C
Death benefit paid adjusted to fit true age and gender.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Exam Questions and Answers
100% PASS
Why does an insurer have a 2-year suicide clause?
a) because the commissioner of insurance requires it.
b) suicide is never paid for in life insurance.
c)to prevent payment of an immediate claim for a person contemplating suicide.
d) to help an insurer be more profitable. - CORRECT ANSWER-Answer: C
To prevent payment of an immediate claim for a person contemplating suicide.
Which of these could the owner of a life insurance policy do when there is a
collateral assignment?
a) determine how the dividends are used.
b) cash surrender the policy.
c) obtain another loan.
d) cancel the policy. - CORRECT ANSWER-Answer: A
Determine how the dividends are used.
,When only the insurer is allowed to alter an insurance contract, the clause that
provides this is called?
a) ownership
b) entire contract
c) consideration
d) incontestable - CORRECT ANSWER-Answer: B
Entire contract
Which of these is required to reinstate a lapsed policy?
a) obtain a loan
b) fill out a new application
c) pay a late fee
d) provide evidence of insurability - CORRECT ANSWER-Answer: D
Provide evidence of insurability
The insuring clause in an adjustable life policy has all the following EXCEPT?
a) insured
b) insurer
c) amount of premium
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
,d) amount of death benefit - CORRECT ANSWER-Answer: C
Amount of premium
Which of the following cannot request or make a change to alter a life insurance
policy?
a) the agent who wrote the policy
b) the policy owner
c) an executive officer of the insurer
d) a person who has absolute assignment - CORRECT ANSWER-Answer: A
The agent who wrote the policy
Which of these cannot sign or request a change in an insurance contract?
a) policy owner
b) insured
c) executive officer of insurer
d) producer of insurer - CORRECT ANSWER-Answer: D
Producer of insurer
When the policy owner pays a premium in exchange for the insurer's promise to
pay, what provision is this?
a) consideration
, b) entire contract
c) insuring clause
d) changes - CORRECT ANSWER-Answer: A
Consideration
When the insurer cannot contest a claim after 2 years, that is called?
a) suicide clause
b) incontestability clause
c) entire contract
d) consideration clause - CORRECT ANSWER-Answer: B
Incontestability clause
Misstatement of age or gender on the application will result in?
a) the policy being considered void or cancelled
b) return of premiums
c) death benefit paid adjusted to fit true age and gender
d) full death benefit regardless - CORRECT ANSWER-Answer: C
Death benefit paid adjusted to fit true age and gender.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
