Texas Statutes- Rules (Property &
Casualty Insurance)
$2,500 - ANS-In texas, unless higher optional limits are purchased, the maximum amount
payable for all auto personal injury protection benefits arising out of a single accident shall not
exceed
A) $1,000
B) $1,500
C) $2,500
D) $3,000
$2,500 - ANS-What is the max fine for willful violation of the Fair Credit Reporting Act?
A) $200
B) $1,00
C) $2,000
D) $2,500
$25,000 - ANS-what is the maximum fine for violating the Insurance Code?
A) $5,000
B) $10,000
C) $20,000
D) $25,000
$300,000 - ANS-Claims will be paid by the guaranty association based upon the LESSER of the
amount of the loss, the amount of insurance written, not to exceed the maximum abatable from
the association, which is ______
A) $100,000
B) $200,000
C) $300,000
D none of the above
$50 - ANS-$______ maximum agent licensing fee
A) $30
B) $45
C) $50
D) $100
1 week - ANS-In Texas, an employee injured on the job will NOT receive loss of time benefits
unless the disability lasts longer than
A) 3 days
B) 1 week
C) 1 month
D) 1 year
, 1 week - ANS-loss of time benefits are not payable for those injuries causing a disability that
lasts less than _______
A) 5 days
B) 1 week
C) 1 month
D) 1 year
10 days - ANS-what is a required notice of cancellation of a HO police to the insured?
A) 5 days
B) 10 days
C) 20 days
D) 30 days
10,000 - ANS-if the death of an employee results from a compensable injury, the insurance
carrier will pay the lesser of the actual cost of burial or up tp ______
A) $2,500
B) $5,000
C) $10,000
D) nothing
104 weeks - ANS-the date of the Maximum medical improvement is defined as: the earliest of
the date that, based on medical probability, further medical improvement to an injury can no
longer be reasonably anticipated, or _____ weeks from the date that income benefits begin
13 consecutive weeks - ANS-an employees average weekly wage is computed according to the
sum of wages paid in what period of time immediately preceding the date of injury?
A) 13 consecutive weeks
B) 2 years
C) 180 days
D) 6 months
2 - ANS-an insurer issuing standard fire, homeowners, and arm or ranchowners insurance
policies may assess a premium surcharge at the time a policy is rented if the insured has filed
_____ or more claims in the proceeding policy year.
A) 3
B) 2
C) 5
D) 4
2 hours - ANS-What is the minimum hour requirement for ethics training
A) 1 hours
B) 2 hours
C) 4 hours
D) 5 hours
2 years - ANS-What is the duration of an agent's license
A) 3 years
B) 2 years
C) 5 years
D) 4 years
Casualty Insurance)
$2,500 - ANS-In texas, unless higher optional limits are purchased, the maximum amount
payable for all auto personal injury protection benefits arising out of a single accident shall not
exceed
A) $1,000
B) $1,500
C) $2,500
D) $3,000
$2,500 - ANS-What is the max fine for willful violation of the Fair Credit Reporting Act?
A) $200
B) $1,00
C) $2,000
D) $2,500
$25,000 - ANS-what is the maximum fine for violating the Insurance Code?
A) $5,000
B) $10,000
C) $20,000
D) $25,000
$300,000 - ANS-Claims will be paid by the guaranty association based upon the LESSER of the
amount of the loss, the amount of insurance written, not to exceed the maximum abatable from
the association, which is ______
A) $100,000
B) $200,000
C) $300,000
D none of the above
$50 - ANS-$______ maximum agent licensing fee
A) $30
B) $45
C) $50
D) $100
1 week - ANS-In Texas, an employee injured on the job will NOT receive loss of time benefits
unless the disability lasts longer than
A) 3 days
B) 1 week
C) 1 month
D) 1 year
, 1 week - ANS-loss of time benefits are not payable for those injuries causing a disability that
lasts less than _______
A) 5 days
B) 1 week
C) 1 month
D) 1 year
10 days - ANS-what is a required notice of cancellation of a HO police to the insured?
A) 5 days
B) 10 days
C) 20 days
D) 30 days
10,000 - ANS-if the death of an employee results from a compensable injury, the insurance
carrier will pay the lesser of the actual cost of burial or up tp ______
A) $2,500
B) $5,000
C) $10,000
D) nothing
104 weeks - ANS-the date of the Maximum medical improvement is defined as: the earliest of
the date that, based on medical probability, further medical improvement to an injury can no
longer be reasonably anticipated, or _____ weeks from the date that income benefits begin
13 consecutive weeks - ANS-an employees average weekly wage is computed according to the
sum of wages paid in what period of time immediately preceding the date of injury?
A) 13 consecutive weeks
B) 2 years
C) 180 days
D) 6 months
2 - ANS-an insurer issuing standard fire, homeowners, and arm or ranchowners insurance
policies may assess a premium surcharge at the time a policy is rented if the insured has filed
_____ or more claims in the proceeding policy year.
A) 3
B) 2
C) 5
D) 4
2 hours - ANS-What is the minimum hour requirement for ethics training
A) 1 hours
B) 2 hours
C) 4 hours
D) 5 hours
2 years - ANS-What is the duration of an agent's license
A) 3 years
B) 2 years
C) 5 years
D) 4 years
