TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM

TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025
LATEST UPDATE EXPERT VERIFIED QUESTIONS AND
ANSWERS REAL EXAM

WhatYisYtheYpurposeYofYtheYbuyer'sYguide?
A.ToYAllowYtheYconsumerYtoYcompareYtheYcostsYofYdifferentYpolicies
B.YToYprovideYtheYnameYandYaddressYofYtheYagent.
C.YtoYlistYallYpolicyYriders.
D.YToYprovideYinformationYaboutYtheYpolicy.Y-YcorrectYanswer-
A.ToYAllowYtheYconsumerYtoYcompareYtheYcostsYofYdifferentYpolicies


WhichYofYtheYfollowingYbestYdescribesYtheYconceptYthatYtheYinsuredYpaysYaYsmallYamountYofYpremiumYfo
rYaYlargeYamountYofYriskYonYtheYpartYofYtheYinsuranceYcompany?
AAdhesion
BSubrogation
CWarranty
DAleatoryY-YcorrectYanswer-D.YAleatory


WhatYisYtheYpurposeYofYaYconditionalYreceipt?


AItYisYgivenYbyYtheYagentYonlyYtoYapplicantsYwhoYfullyYprepayYallYscheduledYpremiumsYinYadvanceYofYpo
licyYissue.


BItYisYintendedYtoYprovideYcoverageYonYaYdateYearlierYthanYtheYdateYofYtheYissuanceYofYtheYpolicy.


CItYguaranteesYtheYapplicantYthatYaYpolicyYwillYbeYissuedYinYtheYamountYappliedYforYinYtheYapplication.


DItYservesYasYproofYthatYtheYagentYhasYdeterminedYtheYapplicantYtoYbeYfullyYinsurableYforYcoverageYbyYth
eYinsuranceYcompany.Y-YcorrectYanswer-
BItYisYintendedYtoYprovideYcoverageYonYaYdateYearlierYthanYtheYdateYofYtheYissuanceYofYtheYpolicy.

,WhichYofYtheYfollowingYisYNOTYtheYconsiderationYinYaYpolicy?
ATheYpromiseYtoYpayYcoveredYlosses
BTheYapplicationYgivenYtoYaYprospectiveYinsured
CSomethingYofYvalueYexchangedYbetweenYparties
DTheYpremiumYamountYpaidYatYtheYtimeYofYapplicationY-YcorrectYanswer-
B.YTheYapplicationYgivenYtoYaYprospectiveYinsured.


AnYinsurerYreceivesYaYreportYregardingYaYpotentialYinsuredYthatYincludesYtheYinsured'sYfinancialYstatus,Yho
bbiesYandYhabits.YWhatYtypeYofYaYreportYisYthat?
AAgent'sYReport
BUnderwriter'sYReport
CInspectionYReport
DMedicalYInformationYBureau'sYreportY-YcorrectYanswer-C.YInspectionYReport


TheYfullYpremiumYwasYsubmittedYwithYtheYapplicationYforYlifeYinsurance,YandYtheYpolicyYwasYissuedYtwoY
weeksYlaterYasYrequested.YWhenYdoesYtheYpolicyYcoverageYbecomeYeffective?
AAsYofYtheYpolicyYdeliveryYdate
BAsYofYtheYfirstYofYtheYmonthYafterYtheYpolicyYissue
CAsYofYtheYpolicyYissueYdate
DAsYofYtheYapplicationYdateY-YcorrectYanswer-DYAsYofYtheYapplicationYdate.


InYtermsYofYpartiesYtoYaYcontract,YwhichYofYtheYfollowingYdoesYNOTYdescribeYaYcompetentYparty?
ATheYpersonYmustYbeYmentallyYcompetentYtoYunderstandYtheYcontract.
BTheYpersonYmustYhaveYatYleastYcompletedYsecondaryYeducation.
CTheYpersonYmustYnotYbeYunderYtheYinfluenceYofYdrugsYorYalcohol.
DTheYpersonYmustYbeYofYlegalYage.Y-YcorrectYanswer-
B.YTheYpersonYmustYhaveYatYleastYcompletedYsecondaryYeducation.


WhichYofYtheYfollowingYisYNOTYanYexampleYofYinsurableYinterest?
AEmployerYinYemployee
BChildYinYparent

,CDebtorYinYcreditor
DBusinessYpartnersYinYeachYotherY-YcorrectYanswer-C.YDebtorYinYcreditor


AnYinsurerYneglectsYtoYpayYaYlegitimateYclaimYthatYisYcoveredYunderYtheYtermsYofYtheYpolicy.YWhichYofYth
eYfollowingYinsuranceYprinciplesYhasYtheYinsurerYviolated?
ARepresentation
BAdhesion
CConsideration
DGoodYfaithY-YcorrectYanswer-C.YConsideration


WhichYofYtheYfollowingYincludesYinformationYregardingYaYperson'sYcredit,Ycharacter,Yreputation,YandYhabi
ts?
AConsumerYhistory
BInsurabilityYreport
CAgent'sYreport
DConsumerYreportY-YcorrectYanswer-D.YConsumerYReport


BecauseYanYinsuranceYpolicyYisYaYlegalYcontract,YitYmustYconformYtoYtheYstateYlawsYgoverningYcontractsY
whichYrequireYallYofYtheYfollowingYelementsYEXCEPT
AConsideration.
BLegalYpurpose.
COfferYandYacceptance.
DConditions.Y-YcorrectYanswer-D.YConditions


TheYFederalYFairYCreditYReportingYAct
ARegulatesYtelemarketing.
BPreventsYmoneyYlaundering.
CRegulatesYconsumerYreports.
DProtectsYcustomerYprivacy.Y-YcorrectYanswer-C.YRegulatesYconsumerYreports

, IfYanYapplicantYforYaYlifeYinsuranceYpolicyYandYpersonYtoYbeYinsuredYbyYtheYpolicyYareYtwoYdifferentYpeop
le,YtheYunderwriterYwouldYbeYconcernedYabout
AWhichYindividualYwillYpayYtheYpremium.
BWhetherYanYinsurableYinterestYexistsYbetweenYtheYindividuals.
CTheYgenderYofYtheYapplicant.
DTheYtypeYofYpolicyYrequested.Y-YcorrectYanswer-
B.YWhetherYanYinsurableYinterestYexistYbetweenYtheYindividuals.


AllYofYtheYfollowingYareYdutiesYandYresponsibilitiesYofYproducersYatYtheYtimeYofYapplicationYEXCEPT
AChangeYanyYincorrectYstatementYonYtheYapplicationYbyYpersonallyYinitialingYnextYtoYtheYcorrectedYstate
ment.
BExplainYtheYnatureYandYtypeYofYanyYreceiptYtheYproducerYisYgivingYtoYtheYapplicant.
CProbeYbeyondYtheYstatedYquestionsYifYtheYproducerYfeelsYtheYapplicantYisYmisrepresentingYorYconcealing
Yinformation.



DCheckYtoYmakeYsureYthatYthereYareYnoYunansweredYquestionsYonYtheYapplication.Y-YcorrectYanswer-
A.YChangeYanyYincorrectYstatementYonYtheYapplicationYbyYpersonallyYinitialingYnextYtoYtheYcorrectedYstate
ment.


WhichYofYtheYfollowingYwouldYbeYconsideredYaYnonmedicalYinsuranceYapplication?
AAnYapplicationYthatYdoesYnotYaskYanyYquestionsYaboutYtheYapplicant'sYmedicalYhistory
BAnYapplicationYsubmittedYwithYtheYAgent'sYReport
CAnyYapplicationYforYlifeYinsurance
DAnYapplicationYonYwhichYtheYmedicalYinformationYisYcompletedYbyYtheYapplicantYandYtheYagentYonly.Y-
YcorrectYanswer-

D.YAnYapplicationYonYwhichYtheYmedicalYinfoYisYcompletedYbyYtheYapplicantYandYagentYalone.


WhichYofYtheYfollowingYproductsYrequiresYaYsecuritiesYlicense?
A.YEquityYIndexedYAnnuity
B.YDeferredYAnnuity
C.YVariableYAnnuity
D.YFixedYAnnuityY-YcorrectYanswer-C.YVariableYAnnuity


WhichYofYtheYfollowingYproductsYwillYprotectYanYindividualYfromYoutlivingYhisYorYherYmoney?