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Exam (elaborations)

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

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

Institution
TEXAS HEALTH AND LIFE INSURANCE
Course
TEXAS HEALTH AND LIFE INSURANCE









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Written for

Institution
TEXAS HEALTH AND LIFE INSURANCE
Course
TEXAS HEALTH AND LIFE INSURANCE

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Uploaded on
December 10, 2024
Number of pages
12
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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TEXAS LIFE INSURANCE EXAM 2025 LATEST
UPDATE EXPERT VERIFIED QUESTIONS AND
ANSWERS REAL EXAM
WhoRisRconsideredRaRfieldRunderwriter?R-RcorrectRanswer-AnRagent


WhenRmustRinsurableRinterestRexistRinRlifeRinsurance?R-RcorrectRanswer-ApplicationRorRissueRdate


IfRnoRreceiptRisRissuedRatRtheRtimeRofRapplication,RaRstatementRofRgoodRhealthRisRusuallyRrequiredRatRtheRti
meRof?R-RcorrectRanswer-PolicyRdelivery


TheRMedicalRInformationRBureauRis?(MIB)R-RcorrectRanswer-
aRsourceRofRmedicalRinformationRtoRalertRinsurersRtoRadverseRmedicalRhistory


ARsubstandardRriskRcomparedRtoRaRstandardRriskRwouldRpay?R-RcorrectRanswer-aRhigherRpremium


WhichRdocumentRdescribesRspecificRinformationRaboutRpolicyRprovisionsRandRbenefits?R-RcorrectRanswer-
PolicyRsummary


DoesRnotRhaveRanRinsurableRinterest?R-RcorrectRanswer-Insured'sRbestRfriend


WhatRisRtheRmainRsourceRofRunderwritingRinformationRusedRbyRtheRcompanyRinRtheRriskRselectionRprocess?
R-RcorrectRanswer-Application




AnRinsuredRsubmitsRtheRfullRpremiumRalongRwithRaRcompletedRapplication,RandRtheRpolicyRisRissuedR10Rda
ysRlater.RWhenRdoesRtheRcoverageRbegin?R-RcorrectRanswer-OnRtheRdateRofRapplication


WhatRisRtheRmainRresponsibilityRofRaRcompany'sRunderwritingRunit?R-RcorrectRanswer-
RiskRselectionRandRclassification


WhatRbestRdescribesRtheRUSARPATRIOTRActRwithRregardsRtoRtheRinsuranceRindustry?R-RcorrectRanswer-
ToRpreventRterrorismRactivitiesRthroughRmonitoringRofRfinancialRtransactions

, IfRtheRagentRfeelsRthatRcouldRmisrepresentationRonRtheRpartRofRtheRapplicantRforRinsurance,RwhatRmustRtheRa
gentRdo?R-RcorrectRanswer-InformRtheRinsuranceRcomapny


RepresentationsRareRstatementsRmadeRbyRtheRapplicantRthatRare?R-RcorrectRanswer-
ConsideredRtrueRtoRtheRbestRofRtheRapplicant'sRknowledge


IfRanRagentRfailsRtoRobtainRanRapplicantsRsignatureRonRtheRinsuranceRapplication,RtheRagentRmust?R-
RcorrectRanswer-ReturnRtheRapplicationRtoRtheRapplicantRforRsignature




WhatRincludesRinformationRregardingRaRperson'sRcredit,Rcharacter,Rreputation,RandRhabits?R-
RcorrectRanswer-ConsumerRreport




WhenRtheRinsuredRpurchasedRaRnewRhome,RheRwantedRtoRpurchaseRaRlifeRinsuranceRpolicyRthatRwouldRprot
ectRhisRfamilyRagainstRlosingRitRshouldRheRdieRbeforeRtheRmortgageRwasRpaid.RWhichRofRtheRfollowingRpoli
ciesRisRbestRsuitableRforRthatRneed?R-RcorrectRanswer-DecreasingRterm


AnRannuallyRrenewableRtermRpolicy?R-RcorrectRanswer-RenewsReachRyearRwithRanRincreasedRpremium


TheRtimeRperiodRduringRwhichRanRannuitantRcontributesRtoRannuityRisRcalled?R-RcorrectRanswer-
TheRaccumulationRperiod


AnRexampleRofRlimited-payRlifeRpolicy?R-RcorrectRanswer-LifeRpaid-upRatRtheRageR65


AnRindividualRownsRanRadjustableRlifeRpolicy.RSometimesRinRtheRfutureRheRwantsRtoRincreaseRtheRdeathRbe
nefit.RWhatRisRcorrectRregardingRtheRdeathRbenefitRincrease?R-RcorrectRanswer-
ItRcanRbeRincreasedRbyRprovidingRevidenceRofRinsurability


WhatRisRtrueRregardingRaRuniversalRlifeRpolicy?R-RcorrectRanswer-
TheRpremiumsRcanRbeRdecreasedRbyRtheRinsured


WithRaRtraditionalRwholeRlifeRpolicy,RtheRdeathRbenefit..R-RcorrectRanswer-RemainsRconstantRoverRtime


WhoseRlifeRexpectancyRisRtakenRintoRconsiderationRinRanRannuity?R-RcorrectRanswer-Annuitant

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