Texas Life and Health Insurance Exam Questions and Answers Latest Updated 2024

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health What type of reinsurance contract involves two companies automatically sharing their risk exposure? - correct answer-Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - correct answer-reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - correct answer-insurable interest Statements made on an insurance application that are believed to be true to the best of the applicant's knowledge are called - correct answer-representations The part of a life insurance policy guaranteed to be true is called a(n) - correct answer-warranty Which of these is NOT a type of agent authority? Express Implied Principal Apparent - correct