LIFE INSURANCE AND HEALTH
COMMON TO LIFE HEALTH INSURANCE
EXAM QUESTIONS AND ANSWERS
A temporary license holder can receive a commission from a sale made to all of the
following EXCEPT - Answer-The license holder's sister-in-law
What is the major difference between a stock company and a mutual company? -
Answer-ownership
An agent completed a CE course in 2014. Until what year must the agent keep the
records of completion? - Answer-2018
When transacting business in this state an insurer formed under the laws of another
country is known as a/an - Answer-Alien insurer
An agent's license will terminate within how many days from the due date of obligatory
fees and continuing education requirements - Answer-90
The Commissioner of Insurance issues a Cease and Desist Order and immediately
receives a request for the charges to be viewed in a hearing. Within what number of
days must the hearing be held? - Answer-10
Which of the following occupations would NOT directly help to qualify someone for the
office of Commissioner of Insurance? - Answer-insurance agent
Which of the following individuals could legally receive commissions from the sale of a
life insurance policy? - Answer-A licensed life insurance agent
In Texas how is the Commissioner of Insurance placed in office? - Answer-Appointed by
the Governor for a term of 2 years
Which of the following is a TRUE statement about a temporary license issued in this
state? - Answer-It can only be issued one in any 6-month period
What is a foreign insurer? - Answer-An insurer with a home office in another state
The Commissioner has full power and authority to do all of the following EXCEPT -
Answer-Draft insurance laws
Insurance companies may be classified according to the legal form of their ownership.
The type of company organized to return any surplus money to their policyholders is -
Answer-A mutual insurer
COMMON TO LIFE HEALTH INSURANCE
EXAM QUESTIONS AND ANSWERS
A temporary license holder can receive a commission from a sale made to all of the
following EXCEPT - Answer-The license holder's sister-in-law
What is the major difference between a stock company and a mutual company? -
Answer-ownership
An agent completed a CE course in 2014. Until what year must the agent keep the
records of completion? - Answer-2018
When transacting business in this state an insurer formed under the laws of another
country is known as a/an - Answer-Alien insurer
An agent's license will terminate within how many days from the due date of obligatory
fees and continuing education requirements - Answer-90
The Commissioner of Insurance issues a Cease and Desist Order and immediately
receives a request for the charges to be viewed in a hearing. Within what number of
days must the hearing be held? - Answer-10
Which of the following occupations would NOT directly help to qualify someone for the
office of Commissioner of Insurance? - Answer-insurance agent
Which of the following individuals could legally receive commissions from the sale of a
life insurance policy? - Answer-A licensed life insurance agent
In Texas how is the Commissioner of Insurance placed in office? - Answer-Appointed by
the Governor for a term of 2 years
Which of the following is a TRUE statement about a temporary license issued in this
state? - Answer-It can only be issued one in any 6-month period
What is a foreign insurer? - Answer-An insurer with a home office in another state
The Commissioner has full power and authority to do all of the following EXCEPT -
Answer-Draft insurance laws
Insurance companies may be classified according to the legal form of their ownership.
The type of company organized to return any surplus money to their policyholders is -
Answer-A mutual insurer
