LIFE & HEALTH - TX STATE LAWS EXAM
REVIEW QUESTIONS WITH COMPLETE
ANSWERS
Which of the following is not a duty of the commissioner? - Answer-Make state
insurance laws
The commissioner may examine the records of an insurance company for the purpose
of: - Answer-Determining solvency
The commissioner is authorized to perform all of the following duties, except: - Answer-
Suspend insurance licenses for up to 5 years
A Certificate of Authority is issued to an insurer for which of the following reasons? -
Answer-It certifies the insurer is authorized to transact insurance in this state
Which of the following is NOT transacting insurance? - Answer-Selling stocks, bonds,
and mutual funds
According to the Texas Insurance Code, an insurance company incorporated in New
Mexico is a(n): - Answer-Foreign insurer
Which type of insurance company is owned by its policyholders? - Answer-Mutual
insurer
Who is NOT eligible for an agent license in this state? - Answer-A 17-year old who
passed the licensing exam 6 months ago
Holding which of the following professional designations will exempt a person from
taking the life licensing examination? - Answer-Chartered Life Underwriter (CLU)
A licensed agent is required to obtain which of the following before transacting
insurance in Texas? - Answer-An appointment from an insurer
An agent's appointment: - Answer-Remains in force until terminated or withdrawn
To terminate an agent's appointment, the insurer must: - Answer-Notify the Texas
Department of Insurance of the termination of appointment
The Texas Department of Insurance requires all licensees to: - Answer-Be honest,
trustworthy, and reliable
General life, accident, and health agents must complete a minimum of _______
continuing education hours per renewal period. - Answer-24
REVIEW QUESTIONS WITH COMPLETE
ANSWERS
Which of the following is not a duty of the commissioner? - Answer-Make state
insurance laws
The commissioner may examine the records of an insurance company for the purpose
of: - Answer-Determining solvency
The commissioner is authorized to perform all of the following duties, except: - Answer-
Suspend insurance licenses for up to 5 years
A Certificate of Authority is issued to an insurer for which of the following reasons? -
Answer-It certifies the insurer is authorized to transact insurance in this state
Which of the following is NOT transacting insurance? - Answer-Selling stocks, bonds,
and mutual funds
According to the Texas Insurance Code, an insurance company incorporated in New
Mexico is a(n): - Answer-Foreign insurer
Which type of insurance company is owned by its policyholders? - Answer-Mutual
insurer
Who is NOT eligible for an agent license in this state? - Answer-A 17-year old who
passed the licensing exam 6 months ago
Holding which of the following professional designations will exempt a person from
taking the life licensing examination? - Answer-Chartered Life Underwriter (CLU)
A licensed agent is required to obtain which of the following before transacting
insurance in Texas? - Answer-An appointment from an insurer
An agent's appointment: - Answer-Remains in force until terminated or withdrawn
To terminate an agent's appointment, the insurer must: - Answer-Notify the Texas
Department of Insurance of the termination of appointment
The Texas Department of Insurance requires all licensees to: - Answer-Be honest,
trustworthy, and reliable
General life, accident, and health agents must complete a minimum of _______
continuing education hours per renewal period. - Answer-24
