Pearson Vue Texas Life and Health Insurance Test
Questions / Comprehensive Study Guide Complete
Questions and Correct Detailed Answers
Terms in this set (151)
After a back injury, an insurer Monthly premium waiver and monthly income
is disabled for a year. His
insurance policy carries a
Disability Income Benefit
rider. Which of the following
benefits will he receive?
A. Payment for life
B. Yearly premium
waiverand monthly income
C. Monthly premium waiver
and monthly income
D. Percentage of medical
costs paid by the insurer
,An agent makes a mistake on Applicant
the application and then
corrects his mistakes by
physically entering the
necessary information. Who
must then initial that charge?
A. Executive officer of the
company
B. Insured
C. Agent
D. Applicant
,An agent receives an The hearing must be held within 30 days of receiving a
Emergency Cease and Desist request, unless both parties agree to a later date
Order for chronically
misrepresenting his
insurance policies. The agent
knows that he did not
commit the violation stated
in the Emergency Cease and
Desist Order. He wants to
contest the charges in a court
hearing. Which of the
following is true?
A. The judge
willdetermine when the
hearing will be held
B. The hearing date can
beset for any time within the
next year, unless both parties
agree to a later date
C. The hearing must be
setfor exactly 30 days after
the request is made D. The
hearing must be held within
30 days of receiving a
request, unless both parties
agree to a later date
, All of the following are An insured borrows money from the bank and makes a
examples of third-party collateral assignment of a part of the death benefit to
secure the loan
ownership of a life insurance
policy EXCEPT A. When
insured purchased a new
home, the insured made an
absolute assignment of a life
insurance policy to the
mortgage company B. An
insured borrows money from
the bank and makes a
collateral assignment of a
part of the death benefit to
secure the loan
C. An insured
couplepurchases a life
insurance policy insuring the
life of their grandson
D. A company
purchases alife insurance
policy on their manager,
who is important part of the
operation
Questions / Comprehensive Study Guide Complete
Questions and Correct Detailed Answers
Terms in this set (151)
After a back injury, an insurer Monthly premium waiver and monthly income
is disabled for a year. His
insurance policy carries a
Disability Income Benefit
rider. Which of the following
benefits will he receive?
A. Payment for life
B. Yearly premium
waiverand monthly income
C. Monthly premium waiver
and monthly income
D. Percentage of medical
costs paid by the insurer
,An agent makes a mistake on Applicant
the application and then
corrects his mistakes by
physically entering the
necessary information. Who
must then initial that charge?
A. Executive officer of the
company
B. Insured
C. Agent
D. Applicant
,An agent receives an The hearing must be held within 30 days of receiving a
Emergency Cease and Desist request, unless both parties agree to a later date
Order for chronically
misrepresenting his
insurance policies. The agent
knows that he did not
commit the violation stated
in the Emergency Cease and
Desist Order. He wants to
contest the charges in a court
hearing. Which of the
following is true?
A. The judge
willdetermine when the
hearing will be held
B. The hearing date can
beset for any time within the
next year, unless both parties
agree to a later date
C. The hearing must be
setfor exactly 30 days after
the request is made D. The
hearing must be held within
30 days of receiving a
request, unless both parties
agree to a later date
, All of the following are An insured borrows money from the bank and makes a
examples of third-party collateral assignment of a part of the death benefit to
secure the loan
ownership of a life insurance
policy EXCEPT A. When
insured purchased a new
home, the insured made an
absolute assignment of a life
insurance policy to the
mortgage company B. An
insured borrows money from
the bank and makes a
collateral assignment of a
part of the death benefit to
secure the loan
C. An insured
couplepurchases a life
insurance policy insuring the
life of their grandson
D. A company
purchases alife insurance
policy on their manager,
who is important part of the
operation
