Texas Life and Health Insurance Guías de estudio, Notas de estudios & Resúmenes

2024 Texas Life and Health Insurance Exam Fx with Correct Solutions In coinsurance, the larger the percentage that is paid by the insured... - Answer -the lower the required premium will be. What entity can legally bind coverage? - Answer -Insurer The provision which states that both the policy and a copy of the application form the contract between the policyowner and the insurer is called the - Answer -Entire contract In an individual LTC insurance plan, the insured is able to deduct th...

Texas Life and Health Insurance Exam Fx 2024 with Verified Solutions What is the purpose of the buyer's guide? A.To Allow the consumer to compare the costs of different policies B. To provide the name and address of the agent. C. to list all policy riders. D. To provide information about the policy. - Answer -A.To Allow the consumer to compare the costs of different policies Which of the following best describes the concept that the insured pays a small amount of premium for a large am...

Texas Life and Health Insurance Exam with Correct Solutions 2024 Which of these characteristics is consistent with a Straight Life Policy? - Answer -Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typically invested in? - Answer -S&P 500 Which of the following does Social Security NOT provide benefits for? - Answer -Dismemberment An example of false advertising would be - Answer -An insurer exaggerating its divide...

Texas Life and Health Insurance Exam Questions and Verified Solutions 2024 At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Answer -Upon completion of the application Who elects the governing body of a mutual insurance company? - Answer -policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - Answer -Fair Credit Reporting Act What type o...

Texas life and health FINAL EXAM REVIEW with Verified Solutions Latest 2024 Update If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - Answer -pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is disabled...

Texas Life and Health Insurance Exam 2024 with Verified Solutions What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer -Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer -reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - Answer -insurabl...

Texas Life and Health Insurance Exam with Correct Solutions Latest Update At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Answer -Upon completion of the application Who elects the governing body of a mutual insurance company? - Answer -policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - Answer -Fair Credit Reporting Act What type of...

Texas Life and Health Insurance Exam (Answered) Verified Solution At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? Upon completion of the application Who elects the governing body of a mutual insurance company? policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the Fair Credit Reporting Act What type of reinsurance contract involves two c...

Texas Life and Health Insurance Exam (Answered) Verified Solution At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? Upon completion of the application Who elects the governing body of a mutual insurance company? policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the Fair Credit Reporting Act What type of reinsurance contract involves two c...