Texas life and health Insurance Final Exam Review Solved 100% Correct

Texas life and health Insurance Final Exam Review Solved 100% Correct 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 Benefit clause - answerResidual Benefit clause The individual who provides general medical care for a patient as well as the referral for specialized care is known as a: *Physician's assistant *Primary Care Physician *Secondary Care Physician *Third Party Administrator - answerPrimary Care Physician If an insured sustains a loss on a policy sold by an agent through an insurance company that is not authorized to do business in Texas, which of the following would be liable? * The agent only * The company only * The agent and the company * The Life, Accident, Health and Hospital Insurance Guaranty Association - answerThe agent and the company Who can purchase a plan through the Marketplace? *Anyone *Any legal resident except those incarcerated *Only those who do not have access to employer-sponsored coverage *Only those who might be eligible for tax credits - answerAny legal resident except those incarcerated Boycott, coercion, and intimidation that result in the unreasonable restraint of trade are prohibited under the Texas Insurance Code covering *rebating *false advertising *discrimination *unfair methods of competition - answerunfair methods of competition An insurance agent does NOT have fiduciary responsibilities to *insurance companies *insureds *applicants *other agents - answerother agents Under federal tax laws, what is the tax treatment for an employer providing $50,000 of a contributory group Term Life plan to all its eligible employees? *Portion of the premiums paid for by the employer may be a tax de