Funeral Prearrangement Exam Prep - Texas verified to pass 2023/2024

Funeral Prearrangement Exam Prep - TexasRole of a Legal Reserve Life Insurance Agent whose company holds a seller's permit? - correct answer Supervisor of Funeral Prearrangement Life Insurance agent What is the maximum initial guaranteed $ benefit that a prearrangement life insurance may sell? - correct answer $15,000 When does a funeral prearrangement life insurance agent license expire? - correct answer When a funeral prearrangement life insurance *agent fails to submit a biannual renewal application and fee* How long must an agent wait to reapply for a license after it's been denied? - correct answer 60 months, except for failure to pass the examination. When can an agent's insurance license be suspended or revoked? - correct answer Upon failure of agent to remit premiums When must an agent offer the General Price List (GPL)? - correct answer At the beginning of a sales presentation for funeral goods and services. Must an agent give a consumer the GPL to keep? - correct answer Yes. Does the GPL require inclusion of the seller's permit? - correct answer No. GPL must include only the funeral provider's name and address, the effective date of the list, and the exact caption of "General Price List." What wording is required for disclosures in the General Price List? - correct answer GPL disclosures must use the identical wording in given in the FTC Funeral Rule.