TX General Lines Life, Accident and Health Exam Prep Test Questions with Answers

Health insurance coverage under COBRA, HIPAA guarantees that the person will - Have Acces to a guaranteed-issue individual health policy, regardless of health All the following statements about ordinary (or straight) whole life insurance are correct - The cash value remains level throughout the life of the policy Which activity in NOT an error or omission that makes an agent or producer legally to both the insurance and the insure - Placing insurance with an approved surplus line insurer All the following statements about the taxation of annuities are correct EXEPT: - Qualified annuities are taxes no different than no qualified annuities Which of the following statements about utmost good faith in insurance is correct - Both the insurance and the insurer must act in utmost good faith Which annuity settlement option pays income for the annuitant's life, but no less than for a specified number of year - Life income with period certain 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 - They are aleatory Jack, an insurance agent, offers free season football tickets to anyone who buys a life insurance policy from him. This sales practice is called - rebating 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 - A rehabilitation provision 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 - At least 180 days before it ends coverage Contract characteristics is unique to insurance contracts but NOT all contracts - Unilateral 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 - Buyer's Guide 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 - An aplicación, few and letter of certification from her home state 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 - Amanda must deliver a signed copy ilustración to both Mark and the insurer