Texas Life and Health Insurance Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Life%20and%2
Texas Life and Health Insurance Final Exam
Questions & Answers
1. D is an architect receiving Disability Income benefits who is not able to
return to work full time, but can work on a part-time basis. Which of these
features would allow D to continue receiving benefits?
*Residual Benefit clause
*Waiver Benefit clause
*Concurrent Benefit clause
*Guaranteed Benefit clause
Answer Residual Benefit clause
2. The individual who provides general medical care for a patient as well as the
referral for specialized care is known as a
*Physician's assistant
*Primary Care Physician
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,Texas Life and Health Insurance Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Life%20and%2
*Secondary Care Physician
*Third Party Administrator
Answer Primary Care Physician
3. If an insured sustains a loss on a policy sold by an agent through an
insurance company that is not authorized to do business inTexas, which ofthe
following would be liable?
* The agent only
* The company only
* The agent and the company
* The Life, Accident, Health and Hospital Insurance Guaranty Association
Answer Theagent and the company
4. Who can purchase a plan through the Marketplace?
*Anyone
*Any legal resident except those incarcerated
*Only those who do not have access to employer-sponsored coverage
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,Texas Life and Health Insurance Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Life%20and%2
*Only those who might be eligible for tax credits
Answer Any legal resident except thoseincarcerated
5. Boycott, coercion, and intimidation that result in the unreasonable restraintof
trade are prohibited under the Texas Insurance Code covering
*rebating
*false advertising
*discrimination
*unfair methods of competition
Answer unfair methods of competition
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,Texas Life and Health Insurance Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Life%20and%2
6. An insurance agent does NOT have fiduciary responsibilities to
*insurance companies
*insureds
*applicants
*other agents
Answer other agents
7. Under federal tax laws, what is the tax treatment for an employer providing
$50,000 of a contributory group Term Life plan to all its eligible employees?
*Portion of the premiums paid for by the employer may be a tax deduction
*Portion of the premiums paid for by the employee may be a tax deduction
*Portion of the death proceeds are taxable to the beneficiary
*Portion of the death proceeds are taxable to the estate
Answer Portion of the premiumspaid for by the employer may be a tax deduction
8. When applied to Whole Life insurance, the word "straight" denotes
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Texas Life and Health Insurance Final Exam
Questions & Answers
1. D is an architect receiving Disability Income benefits who is not able to
return to work full time, but can work on a part-time basis. Which of these
features would allow D to continue receiving benefits?
*Residual Benefit clause
*Waiver Benefit clause
*Concurrent Benefit clause
*Guaranteed Benefit clause
Answer Residual Benefit clause
2. The individual who provides general medical care for a patient as well as the
referral for specialized care is known as a
*Physician's assistant
*Primary Care Physician
1 of 88 12/16/2024, 5:42
,Texas Life and Health Insurance Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Life%20and%2
*Secondary Care Physician
*Third Party Administrator
Answer Primary Care Physician
3. If an insured sustains a loss on a policy sold by an agent through an
insurance company that is not authorized to do business inTexas, which ofthe
following would be liable?
* The agent only
* The company only
* The agent and the company
* The Life, Accident, Health and Hospital Insurance Guaranty Association
Answer Theagent and the company
4. Who can purchase a plan through the Marketplace?
*Anyone
*Any legal resident except those incarcerated
*Only those who do not have access to employer-sponsored coverage
2 of 88 12/16/2024, 5:42
,Texas Life and Health Insurance Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Life%20and%2
*Only those who might be eligible for tax credits
Answer Any legal resident except thoseincarcerated
5. Boycott, coercion, and intimidation that result in the unreasonable restraintof
trade are prohibited under the Texas Insurance Code covering
*rebating
*false advertising
*discrimination
*unfair methods of competition
Answer unfair methods of competition
3 of 88 12/16/2024, 5:42
,Texas Life and Health Insurance Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Life%20and%2
6. An insurance agent does NOT have fiduciary responsibilities to
*insurance companies
*insureds
*applicants
*other agents
Answer other agents
7. Under federal tax laws, what is the tax treatment for an employer providing
$50,000 of a contributory group Term Life plan to all its eligible employees?
*Portion of the premiums paid for by the employer may be a tax deduction
*Portion of the premiums paid for by the employee may be a tax deduction
*Portion of the death proceeds are taxable to the beneficiary
*Portion of the death proceeds are taxable to the estate
Answer Portion of the premiumspaid for by the employer may be a tax deduction
8. When applied to Whole Life insurance, the word "straight" denotes
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