Texas Insurance Laws and
Contract Elements for Life and
Health Policies Exam Questions
and Answers 100% PASS
What part of the policy directs the insurer on the recipients of benefits? -
CORRECT ANSWER-Payment of Claims provision
Which of the following is not one of the elements required to make a
contract legal? - CORRECT ANSWER-Ambiguities
An equity-indexed life policy is likely tied to which index? - CORRECT
ANSWER-Dow Jones Industrial Average
If Tyler submits a claim for $20,000 with a 70/30 coinsurance and a $3,000
deductible, how much will he pay? - CORRECT ANSWER-$8,100
Who might take out a credit life policy? - CORRECT ANSWER-A car dealer
who is financing someone's car
A Waiver of Premium provision in a Disability income policy allows: -
CORRECT ANSWER-The insured to maintain a policy in force while unable
to pay premiums when disabled.
The rider that you would pick if you want to be able to add
Contract Elements for Life and
Health Policies Exam Questions
and Answers 100% PASS
What part of the policy directs the insurer on the recipients of benefits? -
CORRECT ANSWER-Payment of Claims provision
Which of the following is not one of the elements required to make a
contract legal? - CORRECT ANSWER-Ambiguities
An equity-indexed life policy is likely tied to which index? - CORRECT
ANSWER-Dow Jones Industrial Average
If Tyler submits a claim for $20,000 with a 70/30 coinsurance and a $3,000
deductible, how much will he pay? - CORRECT ANSWER-$8,100
Who might take out a credit life policy? - CORRECT ANSWER-A car dealer
who is financing someone's car
A Waiver of Premium provision in a Disability income policy allows: -
CORRECT ANSWER-The insured to maintain a policy in force while unable
to pay premiums when disabled.
The rider that you would pick if you want to be able to add
