TEXAS GENERAL LINES LIFE AND HEALTH FINAL EXAM QUESTIONS AND
CORRECT ANSWERS|WELL STRUCTURED| 100% PASS 2025/2026|
After an investigation, an insurer denies
Provide a reasonable explanation
a false claim. The insurer must:
Gambling and investing in the stock mar-
Speculative Risk
ket are known as what type of risk?
Which would be considered an Unfair Failing to promptly provide a reasonable
Claims Practice under Texas Law? explanation for denial of claim payment.
When a producer collects money on an
application for insurance and puts it into
a separate account from his/her own per- Fiduciary
sonal account. This would make that pro-
ducer?
As statement on a proof of loss or on
an application which is guaranteed to be
Warranty
true in all respect and if found to be false
could void the contract would be called ?
All of the following are not competent to
75 year old unemployed person
enter into a contract ACCEPT?
Statement made in an application for
life insurance which is substantially true Representation
would be considered?
When the insured pays a premium in
exchange for the insurers promise to pay, Consideration
this provision is called?
How many hours of continuing education
hours must be ethics per renewal peri- 2
od?
Paula has a life policy with her mother
listed as her primary beneficiary. Paula
marries and changes the OWNERSHIP
Mother
on her policy to her spouse. Paula later
dies without making any changes. Who
will receive death proceeds?
How long is the grace period in an indi-
vidual Life Insurance policy in Texas? 31 days
, TEXAS GENERAL LINES LIFE AND HEALTH FINAL EXAM QUESTIONS AND
CORRECT ANSWERS|WELL STRUCTURED| 100% PASS 2025/2026|
Which is not true about coverage for
Covers congenital effects only
newborns on health policies?
If an insurer deceives a prospects
regarding the Insurers assets, corpo-
False Advertising
rate structure or financial standing. This
would be?
If an insurer accepts an incomplete appli-
cation and issues the policy, what must Honor the policy
they do?
Statements made on a claim form or
an application for insurance that are be- Representations
lieved to be true are?
Which of these would be considered in-
Pure risk
surable?
What is the minimum coverage For
12 Months
long-term care policy in Texas
A false statement in an application is Misrepresentation
The federal act that protects consumers
by Making sure the data Collected is kept
Fair credit reporting act
confidential Accurate and use for Specif-
ic purpose is called
A person that's been in business for
years gets their license revoked. Which Wait five years then reapply
must they do?
According to the fair credit reporting act
When must the applicant be informed Of
At the time of application
obtaining a credit report In the underwrit-
ing of a policy?
When an insurer relies on the prior
claims history Of the group to be insured
Experience rating
In determining the rate to be charged It
is called?
When a producer has a financial respon-
A fiduciary
sibility For funds collected while doing
, TEXAS GENERAL LINES LIFE AND HEALTH FINAL EXAM QUESTIONS AND
CORRECT ANSWERS|WELL STRUCTURED| 100% PASS 2025/2026|
business This would be best described
as?
If I miss representation is found to be
Void the policy
material the insurer would?
An insurer has its home office in Califor-
nia. To its business in Rhode Island. It Admitted
would be?
In a mutual insurance company the pro-
Informed the client that dividends are not
ducer must do which of these At the time
guaranteed
of application?
Which of the following would NOT be
considered Transacting the business of Paying a claim
insurance?
Statements made on the application that
are believed to be true to the best of the Representations
applicants knowledge are?
If an applicant or insured Discovers er-
rors in their credit report The fair credit
Credit reporting agency
reporting act Requires the following to
correct the report?
When an insurance policy is known as
Contract of adhesion
the take it or leave it Contract it is?
Credit life is insurance for which of
Insurance on the life of the debtor
these?
Credit life uses what type of insurance? Decreasing term
Lorraine's position has been terminated
And she is interested in converting her
She will be converting her group term
group life Coverage to an individual pol-
benefit To an individual term benefit
icy. In the process she will find all of the
following to be true except?
The company offers a $45,000 death
benefit On a group life policy. How much
0%
of the premium does the company have
to credit the employees As income?
CORRECT ANSWERS|WELL STRUCTURED| 100% PASS 2025/2026|
After an investigation, an insurer denies
Provide a reasonable explanation
a false claim. The insurer must:
Gambling and investing in the stock mar-
Speculative Risk
ket are known as what type of risk?
Which would be considered an Unfair Failing to promptly provide a reasonable
Claims Practice under Texas Law? explanation for denial of claim payment.
When a producer collects money on an
application for insurance and puts it into
a separate account from his/her own per- Fiduciary
sonal account. This would make that pro-
ducer?
As statement on a proof of loss or on
an application which is guaranteed to be
Warranty
true in all respect and if found to be false
could void the contract would be called ?
All of the following are not competent to
75 year old unemployed person
enter into a contract ACCEPT?
Statement made in an application for
life insurance which is substantially true Representation
would be considered?
When the insured pays a premium in
exchange for the insurers promise to pay, Consideration
this provision is called?
How many hours of continuing education
hours must be ethics per renewal peri- 2
od?
Paula has a life policy with her mother
listed as her primary beneficiary. Paula
marries and changes the OWNERSHIP
Mother
on her policy to her spouse. Paula later
dies without making any changes. Who
will receive death proceeds?
How long is the grace period in an indi-
vidual Life Insurance policy in Texas? 31 days
, TEXAS GENERAL LINES LIFE AND HEALTH FINAL EXAM QUESTIONS AND
CORRECT ANSWERS|WELL STRUCTURED| 100% PASS 2025/2026|
Which is not true about coverage for
Covers congenital effects only
newborns on health policies?
If an insurer deceives a prospects
regarding the Insurers assets, corpo-
False Advertising
rate structure or financial standing. This
would be?
If an insurer accepts an incomplete appli-
cation and issues the policy, what must Honor the policy
they do?
Statements made on a claim form or
an application for insurance that are be- Representations
lieved to be true are?
Which of these would be considered in-
Pure risk
surable?
What is the minimum coverage For
12 Months
long-term care policy in Texas
A false statement in an application is Misrepresentation
The federal act that protects consumers
by Making sure the data Collected is kept
Fair credit reporting act
confidential Accurate and use for Specif-
ic purpose is called
A person that's been in business for
years gets their license revoked. Which Wait five years then reapply
must they do?
According to the fair credit reporting act
When must the applicant be informed Of
At the time of application
obtaining a credit report In the underwrit-
ing of a policy?
When an insurer relies on the prior
claims history Of the group to be insured
Experience rating
In determining the rate to be charged It
is called?
When a producer has a financial respon-
A fiduciary
sibility For funds collected while doing
, TEXAS GENERAL LINES LIFE AND HEALTH FINAL EXAM QUESTIONS AND
CORRECT ANSWERS|WELL STRUCTURED| 100% PASS 2025/2026|
business This would be best described
as?
If I miss representation is found to be
Void the policy
material the insurer would?
An insurer has its home office in Califor-
nia. To its business in Rhode Island. It Admitted
would be?
In a mutual insurance company the pro-
Informed the client that dividends are not
ducer must do which of these At the time
guaranteed
of application?
Which of the following would NOT be
considered Transacting the business of Paying a claim
insurance?
Statements made on the application that
are believed to be true to the best of the Representations
applicants knowledge are?
If an applicant or insured Discovers er-
rors in their credit report The fair credit
Credit reporting agency
reporting act Requires the following to
correct the report?
When an insurance policy is known as
Contract of adhesion
the take it or leave it Contract it is?
Credit life is insurance for which of
Insurance on the life of the debtor
these?
Credit life uses what type of insurance? Decreasing term
Lorraine's position has been terminated
And she is interested in converting her
She will be converting her group term
group life Coverage to an individual pol-
benefit To an individual term benefit
icy. In the process she will find all of the
following to be true except?
The company offers a $45,000 death
benefit On a group life policy. How much
0%
of the premium does the company have
to credit the employees As income?
