TEXAS LIFE INSURANCE EXAM
2025/2026 QUESTIONS AND ANSWERS
100% PASS.
Who is considered a field underwriter? - ANS An agent
When must insurable interest exist in life insurance? - ANS Application or issue date
If no receipt is issued at the time of application, a statement of good health is usually required
at the time of? - ANS Policy delivery
The Medical Information Bureau is?(MIB) - ANS a source of medical information to alert
insurers to adverse medical history
A substandard risk compared to a standard risk would pay? - ANS a higher premium
Which document describes specific information about policy provisions and benefits? -
ANS Policy summary
Does not have an insurable interest? - ANS Insured's best friend
What is the main source of underwriting information used by the company in the risk selection
process? - ANS Application
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, An insured submits the full premium along with a completed application, and the policy is
issued 10 days later. When does the coverage begin? - ANS On the date of application
What is the main responsibility of a company's underwriting unit? - ANS Risk selection and
classification
What best describes the USA PATRIOT Act with regards to the insurance industry? - ANS To
prevent terrorism activities through monitoring of financial transactions
If the agent feels that could misrepresentation on the part of the applicant for insurance, what
must the agent do? - ANS Inform the insurance comapny
Representations are statements made by the applicant that are? - ANS Considered true to
the best of the applicant's knowledge
If an agent fails to obtain an applicants signature on the insurance application, the agent must? -
ANS Return the application to the applicant for signature
What includes information regarding a person's credit, character, reputation, and habits? -
ANS Consumer report
When the insured purchased a new home, he wanted to purchase a life insurance policy that
would protect his family against losing it should he die before the mortgage was paid. Which of
the following policies is best suitable for that need? - ANS Decreasing term
An annually renewable term policy? - ANS Renews each year with an increased premium
The time period during which an annuitant contributes to annuity is called? - ANS The
accumulation period
An example of limited-pay life policy? - ANS Life paid-up at the age 65
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
2025/2026 QUESTIONS AND ANSWERS
100% PASS.
Who is considered a field underwriter? - ANS An agent
When must insurable interest exist in life insurance? - ANS Application or issue date
If no receipt is issued at the time of application, a statement of good health is usually required
at the time of? - ANS Policy delivery
The Medical Information Bureau is?(MIB) - ANS a source of medical information to alert
insurers to adverse medical history
A substandard risk compared to a standard risk would pay? - ANS a higher premium
Which document describes specific information about policy provisions and benefits? -
ANS Policy summary
Does not have an insurable interest? - ANS Insured's best friend
What is the main source of underwriting information used by the company in the risk selection
process? - ANS Application
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, An insured submits the full premium along with a completed application, and the policy is
issued 10 days later. When does the coverage begin? - ANS On the date of application
What is the main responsibility of a company's underwriting unit? - ANS Risk selection and
classification
What best describes the USA PATRIOT Act with regards to the insurance industry? - ANS To
prevent terrorism activities through monitoring of financial transactions
If the agent feels that could misrepresentation on the part of the applicant for insurance, what
must the agent do? - ANS Inform the insurance comapny
Representations are statements made by the applicant that are? - ANS Considered true to
the best of the applicant's knowledge
If an agent fails to obtain an applicants signature on the insurance application, the agent must? -
ANS Return the application to the applicant for signature
What includes information regarding a person's credit, character, reputation, and habits? -
ANS Consumer report
When the insured purchased a new home, he wanted to purchase a life insurance policy that
would protect his family against losing it should he die before the mortgage was paid. Which of
the following policies is best suitable for that need? - ANS Decreasing term
An annually renewable term policy? - ANS Renews each year with an increased premium
The time period during which an annuitant contributes to annuity is called? - ANS The
accumulation period
An example of limited-pay life policy? - ANS Life paid-up at the age 65
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
