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Texas Life Health Insurance Exam WITH COMPLETE 300
QUESTIONS AND WELL ELABORATED SOLUTIONS LATEST
UPDATED JUST RELEASED THIS YEAR
Question: When only the insurer is allowed to alter an insurance contract, the clause that
provides this is called?
a) ownership
b) entire contract
c) consideration
d) incontestable - ANSWER✔✔Answer: B
Entire contract
Question: Which of these is required to reinstate a lapsed policy?
a) obtain a loan
b) fill out a new application
c) pay a late fee
d) provide evidence of insurability - ANSWER✔✔Answer: D
Provide evidence of insurability
Question: The insuring clause in an adjustable life policy has all the following EXCEPT?
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a) insured
b) insurer
c) amount of premium
d) amount of death benefit - ANSWER✔✔Answer: C
Amount of premium
Question: Which of the following cannot request or make a change to alter a life insurance
policy?
a) the agent who wrote the policy
b) the policy owner
c) an executive officer of the insurer
d) a person who has absolute assignment - ANSWER✔✔Answer: A
The agent who wrote the policy
Question: Which of these cannot sign or request a change in an insurance contract?
a) policy owner
b) insured
c) executive officer of insurer
d) producer of insurer - ANSWER✔✔Answer: D
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Producer of insurer
Question: When the policy owner pays a premium in exchange for the insurer's promise to pay,
what provision is this?
a) consideration
b) entire contract
c) insuring clause
d) changes - ANSWER✔✔Answer: A
Consideration
Q:Why does an insurer have a 2-year suicide clause?
a) because the commissioner of insurance requires it.
b) suicide is never paid for in life insurance.
c)to prevent payment of an immediate claim for a person contemplating suicide.
d) to help an insurer be more profitable. - ANSWER✔✔Answer: C
To prevent payment of an immediate claim for a person contemplating suicide.
Question: Which of these could the owner of a life insurance policy do when there is a
collateral assignment?
a) determine how the dividends are used.
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b) cash surrender the policy.
c) obtain another loan.
d) cancel the policy. - ANSWER✔✔Answer: A
Determine how the dividends are used.
Question: When the insurer cannot contest a claim after 2 years, that is called?
a) suicide clause
b) incontestability clause
c) entire contract
d) consideration clause - ANSWER✔✔Answer: B
Incontestability clause
Question: Misstatement of age or gender on the application will result in?
a) the policy being considered void or cancelled
b) return of premiums
c) death benefit paid adjusted to fit true age and gender
d) full death benefit regardless - ANSWER✔✔Answer: C
Death benefit paid adjusted to fit true age and gender.
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SUCCESS!
Texas Life Health Insurance Exam WITH COMPLETE 300
QUESTIONS AND WELL ELABORATED SOLUTIONS LATEST
UPDATED JUST RELEASED THIS YEAR
Question: When only the insurer is allowed to alter an insurance contract, the clause that
provides this is called?
a) ownership
b) entire contract
c) consideration
d) incontestable - ANSWER✔✔Answer: B
Entire contract
Question: Which of these is required to reinstate a lapsed policy?
a) obtain a loan
b) fill out a new application
c) pay a late fee
d) provide evidence of insurability - ANSWER✔✔Answer: D
Provide evidence of insurability
Question: The insuring clause in an adjustable life policy has all the following EXCEPT?
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a) insured
b) insurer
c) amount of premium
d) amount of death benefit - ANSWER✔✔Answer: C
Amount of premium
Question: Which of the following cannot request or make a change to alter a life insurance
policy?
a) the agent who wrote the policy
b) the policy owner
c) an executive officer of the insurer
d) a person who has absolute assignment - ANSWER✔✔Answer: A
The agent who wrote the policy
Question: Which of these cannot sign or request a change in an insurance contract?
a) policy owner
b) insured
c) executive officer of insurer
d) producer of insurer - ANSWER✔✔Answer: D
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Producer of insurer
Question: When the policy owner pays a premium in exchange for the insurer's promise to pay,
what provision is this?
a) consideration
b) entire contract
c) insuring clause
d) changes - ANSWER✔✔Answer: A
Consideration
Q:Why does an insurer have a 2-year suicide clause?
a) because the commissioner of insurance requires it.
b) suicide is never paid for in life insurance.
c)to prevent payment of an immediate claim for a person contemplating suicide.
d) to help an insurer be more profitable. - ANSWER✔✔Answer: C
To prevent payment of an immediate claim for a person contemplating suicide.
Question: Which of these could the owner of a life insurance policy do when there is a
collateral assignment?
a) determine how the dividends are used.
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b) cash surrender the policy.
c) obtain another loan.
d) cancel the policy. - ANSWER✔✔Answer: A
Determine how the dividends are used.
Question: When the insurer cannot contest a claim after 2 years, that is called?
a) suicide clause
b) incontestability clause
c) entire contract
d) consideration clause - ANSWER✔✔Answer: B
Incontestability clause
Question: Misstatement of age or gender on the application will result in?
a) the policy being considered void or cancelled
b) return of premiums
c) death benefit paid adjusted to fit true age and gender
d) full death benefit regardless - ANSWER✔✔Answer: C
Death benefit paid adjusted to fit true age and gender.
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