TX GENERAL LINES LIFE,
ACCIDENT AND HEALTH EXAM
PREP QUESTIOSN AND ANSWERS
100% PASS
Health insurance coverage under COBRA, HIPAA guarantees that the person will
- CORRECT ANSWER-Have Acces to a guaranteed-issue individual health policy,
regardless of health
All the following statements about ordinary (or straight) whole life insurance are
correct - CORRECT ANSWER-The cash value remains level throughout the life
of the policy
Which activity in NOT an error or omission that makes an agent or producer
legally to both the insurance and the insure - CORRECT ANSWER-Placing
insurance with an approved surplus line insurer
All the following statements about the taxation of annuities are correct EXEPT: -
CORRECT ANSWER-Qualified annuities are taxes no different than no qualified
annuities
,Which of the following statements about utmost good faith in insurance is correct
- CORRECT ANSWER-Both the insurance and the insurer must act in utmost
good faith
Which annuity settlement option pays income for the annuitant's life, but no less
than for a specified number of year - CORRECT ANSWER-Life income with
period certain
Tim has paid only four premium totally $1000 on his health insurance policy when
he was diagnosed with cancer. The insurance company paid more than $100.000 to
cover the medical bills for his treatments which of the following characteristics of
insurance contracts - CORRECT ANSWER-They are aleatory
Jack, an insurance agent, offers free season football tickets to anyone who buys a
life insurance policy from him. This sales practice is called - CORRECT
ANSWER-rebating
After Todd was injured in a car crash, he received occupational theyto help him
return to work. His disability income policy paid for this therapy because it had -
CORRECT ANSWER-A rehabilitation provision
If a small employer insurance decides to terminate all small employer health
benefits plans it issues in TEXAS, it must notify the TEXAS commissioner and all
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, affected employer of its intent to do so at least - CORRECT ANSWER-At least
180 days before it ends coverage
Contract characteristics is unique to insurance contracts but NOT all contracts -
CORRECT ANSWER-Unilateral
When first meeting prospective insurance applicants, a producer must give them a
document that explains the general features, benefits, and condition of type of
insurance being considered. Which is called a - CORRECT ANSWER-Buyer's
Guide
Abby, who life in New York she is a licensed life insurance agent , wants to apply
fo a nonresident license in Texas. To do so, she must submit which of the
following to TDI - CORRECT ANSWER-An aplicación, few and letter of
certification from her home state
Amanda used a basic illustration to help Mark. a potencial cliente, de understand
how the cash value of his life insurance policy would grow. Mark then agreed to
buy the policy. Which of the following best describes Amanda's duties which
respect to delivering a copy of the illustration used - CORRECT ANSWER-
Amanda must deliver a signed copy ilustración to both Mark and the insurer
With respect to the transfer-for-value rule, which of the following situations would
result in the new owner being subject to tax on the policy's gain upon the insured's
death - CORRECT ANSWER-Policy is sold by the insured to neighborhood in
exchange for cash
ACCIDENT AND HEALTH EXAM
PREP QUESTIOSN AND ANSWERS
100% PASS
Health insurance coverage under COBRA, HIPAA guarantees that the person will
- CORRECT ANSWER-Have Acces to a guaranteed-issue individual health policy,
regardless of health
All the following statements about ordinary (or straight) whole life insurance are
correct - CORRECT ANSWER-The cash value remains level throughout the life
of the policy
Which activity in NOT an error or omission that makes an agent or producer
legally to both the insurance and the insure - CORRECT ANSWER-Placing
insurance with an approved surplus line insurer
All the following statements about the taxation of annuities are correct EXEPT: -
CORRECT ANSWER-Qualified annuities are taxes no different than no qualified
annuities
,Which of the following statements about utmost good faith in insurance is correct
- CORRECT ANSWER-Both the insurance and the insurer must act in utmost
good faith
Which annuity settlement option pays income for the annuitant's life, but no less
than for a specified number of year - CORRECT ANSWER-Life income with
period certain
Tim has paid only four premium totally $1000 on his health insurance policy when
he was diagnosed with cancer. The insurance company paid more than $100.000 to
cover the medical bills for his treatments which of the following characteristics of
insurance contracts - CORRECT ANSWER-They are aleatory
Jack, an insurance agent, offers free season football tickets to anyone who buys a
life insurance policy from him. This sales practice is called - CORRECT
ANSWER-rebating
After Todd was injured in a car crash, he received occupational theyto help him
return to work. His disability income policy paid for this therapy because it had -
CORRECT ANSWER-A rehabilitation provision
If a small employer insurance decides to terminate all small employer health
benefits plans it issues in TEXAS, it must notify the TEXAS commissioner and all
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, affected employer of its intent to do so at least - CORRECT ANSWER-At least
180 days before it ends coverage
Contract characteristics is unique to insurance contracts but NOT all contracts -
CORRECT ANSWER-Unilateral
When first meeting prospective insurance applicants, a producer must give them a
document that explains the general features, benefits, and condition of type of
insurance being considered. Which is called a - CORRECT ANSWER-Buyer's
Guide
Abby, who life in New York she is a licensed life insurance agent , wants to apply
fo a nonresident license in Texas. To do so, she must submit which of the
following to TDI - CORRECT ANSWER-An aplicación, few and letter of
certification from her home state
Amanda used a basic illustration to help Mark. a potencial cliente, de understand
how the cash value of his life insurance policy would grow. Mark then agreed to
buy the policy. Which of the following best describes Amanda's duties which
respect to delivering a copy of the illustration used - CORRECT ANSWER-
Amanda must deliver a signed copy ilustración to both Mark and the insurer
With respect to the transfer-for-value rule, which of the following situations would
result in the new owner being subject to tax on the policy's gain upon the insured's
death - CORRECT ANSWER-Policy is sold by the insured to neighborhood in
exchange for cash
