TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025 LATEST UPDATE E
XPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM
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. | - | correct | 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
| fo |r |a |large |amount |of |risk |on |the |part |of |the |insurance |company?
AAdhesion
BSubrogation
|
CWarranty
|
DAleatory | - | correct | answer-D. | Aleatory
What | is | the | purpose | of | a | conditional | receipt?
AIt |is |given |by |the |agent |only |to |applicants |who |fully |prepay |all |scheduled |premiums |in |advance |of |po
| licy |issue.
BIt | is | intended | to | provide | coverage | on | a | date | earlier | than | the | date | of | the | issuance | of | the | policy.
CIt | guarantees | the | applicant | that | a | policy | will | be | issued | in | the | amount | applied | for | in | the | application.
DIt | serves | as | proof | that | the | agent | has | determined | the | applicant | to | be | fully | insurable | for | coverage | by
| th |e |insurance |company. |- |correct |answer-
BIt | is | intended | to | provide | coverage | on | a | date | earlier | than | the | date | of | the | issuance | of | the | policy.
,Which |of |the |following |is |NOT |the |consideration |in |a |policy?
AThe |promise |to |pay |covered |losses
|
BThe |application |given |to |a |prospective |insured
CSomething |of |value |exchanged |between |parties
|
DThe | premium | amount | paid | at | the | time | of | application | - | correct | answer-
B. | The | application | given | to | a | prospective | insured.
An |insurer |receives |a |report |regarding |a |potential |insured |that |includes |the |insured's |financial |status, |ho
| bbies |and |habits. |What |type |of |a |report |is |that?
AAgent's |Report
BUnderwriter's |Report
|
CInspection |Report
|
DMedical | Information | Bureau's | report | - | correct | answer-C. | Inspection | Report
The |full |premium |was |submitted |with |the |application |for |life |insurance, |and |the |policy |was |issued |two
| weeks |later |as |requested. |When |does |the |policy |coverage |become |effective?
AAs | of | the | policy | delivery | date
BAs |of |the |first |of |the |month |after |the |policy |issue |CAs
of |the |policy |issue |date
|
DAs | of | the | application | date | - | correct | answer-D | As | of | the | application | date.
In |terms |of |parties |to |a |contract, |which |of |the |following |does |NOT |describe |a |competent |party?
| AThe |person |must |be |mentally |competent |to |understand |the |contract.
BThe |person |must |have |at |least |completed |secondary |education.
CThe |person |must |not |be |under |the |influence |of |drugs |or |alcohol.
|
DThe | person | must | be | of | legal | age. | - | correct | answer-
B. | The | person | must | have | at | least | completed | secondary | education.
Which |of |the |following |is |NOT |an |example |of |insurable |interest?
AEmployer |in |employee
|
BChild | in | parent
,CDebtor | in | creditor
DBusiness | partners | in | each | other | - | correct | answer-C. | Debtor | in | creditor
An | insurer | neglects | to | pay | a | legitimate | claim | that | is | covered | under | the | terms | of | the | policy. | Which | of
| th |e |following |insurance |principles |has |the |insurer |violated?
ARepresentation
BAdhesion
|
CConsideration
DGood | faith | - | correct | answer-C. | Consideration
Which |of |the |following |includes |information |regarding |a |person's |credit, |character, |reputation, |and |habi |ts?
AConsumer |history
BInsurability |report
|
CAgent's |report
|
DConsumer | report | - | correct | answer-D. | Consumer | Report
Because |an |insurance |policy |is |a |legal |contract, |it |must |conform |to |the |state |laws |governing |contracts
| which |require |all |of |the |following |elements |EXCEPT
AConsideration.
BLegal | purpose.
|
COffer | and | acceptance.
DConditions. | - | correct | answer-D. | Conditions
The |Federal |Fair |Credit |Reporting |Act
ARegulates |telemarketing.
|
BPrevents |money |laundering.
CRegulates | consumer | reports.
|
DProtects |customer | privacy. | - | correct | answer-C. | Regulates | consumer | reports
, If | an |applicant | for | a |life |insurance | policy | and | person |to | be |insured | by |the | policy |are | two | different | peop
|le, |the |underwriter |would |be |concerned |about
AWhich | individual | will | pay | the | premium.
BWhether |an |insurable |interest |exists |between |the |individuals.
CThe |gender |of |the |applicant.
|
DThe | type | of | policy | requested. | - | correct | answer-
B. | Whether | an | insurable | interest | exist | between | the | individuals.
All | of | the | following | are | duties | and | responsibilities | of | producers | at | the | time | of | application | EXCEPT
AChange |any |incorrect |statement |on |the |application |by |personally |initialing |next |to |the |corrected |state
| ment.
BExplain | the | nature | and | type | of | any | receipt | the | producer | is | giving | to | the | applicant.
CProbe |beyond |the |stated |questions |if |the |producer |feels |the |applicant |is |misrepresenting |or |concealing
|information.
DCheck | to | make | sure | that | there | are | no | unanswered | questions | on | the | application. | - | correct | answer-
A. |Change |any |incorrect |statement |on |the |application |by |personally |initialing |next |to |the |corrected |state
| ment.
Which |of |the |following |would |be |considered |a |nonmedical | insurance |application?
| AAn |application |that |does |not |ask |any |questions |about |the |applicant's |medical |history
BAn |application |submitted |with |the |Agent's |Report
|
CAny | application | for | life | insurance
DAn |application |on |which |the |medical |information |is |completed |by |the |applicant |and |the |agent |only. |-
| correct |answer-
D. | An | application | on | which | the | medical | info | is | completed | by | the | applicant | and | agent | alone.
Which | of | the | following | products | requires | a | securities | license?
A. | Equity | Indexed | Annuity
B. | Deferred | Annuity
C. |Variable |Annuity
D. | Fixed | Annuity |- | correct | answer-C. | Variable | Annuity
Which | of | the | following | products | will | protect | an | individual | from | outliving | his | or | her | money?
XPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM
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. | - | correct | 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
| fo |r |a |large |amount |of |risk |on |the |part |of |the |insurance |company?
AAdhesion
BSubrogation
|
CWarranty
|
DAleatory | - | correct | answer-D. | Aleatory
What | is | the | purpose | of | a | conditional | receipt?
AIt |is |given |by |the |agent |only |to |applicants |who |fully |prepay |all |scheduled |premiums |in |advance |of |po
| licy |issue.
BIt | is | intended | to | provide | coverage | on | a | date | earlier | than | the | date | of | the | issuance | of | the | policy.
CIt | guarantees | the | applicant | that | a | policy | will | be | issued | in | the | amount | applied | for | in | the | application.
DIt | serves | as | proof | that | the | agent | has | determined | the | applicant | to | be | fully | insurable | for | coverage | by
| th |e |insurance |company. |- |correct |answer-
BIt | is | intended | to | provide | coverage | on | a | date | earlier | than | the | date | of | the | issuance | of | the | policy.
,Which |of |the |following |is |NOT |the |consideration |in |a |policy?
AThe |promise |to |pay |covered |losses
|
BThe |application |given |to |a |prospective |insured
CSomething |of |value |exchanged |between |parties
|
DThe | premium | amount | paid | at | the | time | of | application | - | correct | answer-
B. | The | application | given | to | a | prospective | insured.
An |insurer |receives |a |report |regarding |a |potential |insured |that |includes |the |insured's |financial |status, |ho
| bbies |and |habits. |What |type |of |a |report |is |that?
AAgent's |Report
BUnderwriter's |Report
|
CInspection |Report
|
DMedical | Information | Bureau's | report | - | correct | answer-C. | Inspection | Report
The |full |premium |was |submitted |with |the |application |for |life |insurance, |and |the |policy |was |issued |two
| weeks |later |as |requested. |When |does |the |policy |coverage |become |effective?
AAs | of | the | policy | delivery | date
BAs |of |the |first |of |the |month |after |the |policy |issue |CAs
of |the |policy |issue |date
|
DAs | of | the | application | date | - | correct | answer-D | As | of | the | application | date.
In |terms |of |parties |to |a |contract, |which |of |the |following |does |NOT |describe |a |competent |party?
| AThe |person |must |be |mentally |competent |to |understand |the |contract.
BThe |person |must |have |at |least |completed |secondary |education.
CThe |person |must |not |be |under |the |influence |of |drugs |or |alcohol.
|
DThe | person | must | be | of | legal | age. | - | correct | answer-
B. | The | person | must | have | at | least | completed | secondary | education.
Which |of |the |following |is |NOT |an |example |of |insurable |interest?
AEmployer |in |employee
|
BChild | in | parent
,CDebtor | in | creditor
DBusiness | partners | in | each | other | - | correct | answer-C. | Debtor | in | creditor
An | insurer | neglects | to | pay | a | legitimate | claim | that | is | covered | under | the | terms | of | the | policy. | Which | of
| th |e |following |insurance |principles |has |the |insurer |violated?
ARepresentation
BAdhesion
|
CConsideration
DGood | faith | - | correct | answer-C. | Consideration
Which |of |the |following |includes |information |regarding |a |person's |credit, |character, |reputation, |and |habi |ts?
AConsumer |history
BInsurability |report
|
CAgent's |report
|
DConsumer | report | - | correct | answer-D. | Consumer | Report
Because |an |insurance |policy |is |a |legal |contract, |it |must |conform |to |the |state |laws |governing |contracts
| which |require |all |of |the |following |elements |EXCEPT
AConsideration.
BLegal | purpose.
|
COffer | and | acceptance.
DConditions. | - | correct | answer-D. | Conditions
The |Federal |Fair |Credit |Reporting |Act
ARegulates |telemarketing.
|
BPrevents |money |laundering.
CRegulates | consumer | reports.
|
DProtects |customer | privacy. | - | correct | answer-C. | Regulates | consumer | reports
, If | an |applicant | for | a |life |insurance | policy | and | person |to | be |insured | by |the | policy |are | two | different | peop
|le, |the |underwriter |would |be |concerned |about
AWhich | individual | will | pay | the | premium.
BWhether |an |insurable |interest |exists |between |the |individuals.
CThe |gender |of |the |applicant.
|
DThe | type | of | policy | requested. | - | correct | answer-
B. | Whether | an | insurable | interest | exist | between | the | individuals.
All | of | the | following | are | duties | and | responsibilities | of | producers | at | the | time | of | application | EXCEPT
AChange |any |incorrect |statement |on |the |application |by |personally |initialing |next |to |the |corrected |state
| ment.
BExplain | the | nature | and | type | of | any | receipt | the | producer | is | giving | to | the | applicant.
CProbe |beyond |the |stated |questions |if |the |producer |feels |the |applicant |is |misrepresenting |or |concealing
|information.
DCheck | to | make | sure | that | there | are | no | unanswered | questions | on | the | application. | - | correct | answer-
A. |Change |any |incorrect |statement |on |the |application |by |personally |initialing |next |to |the |corrected |state
| ment.
Which |of |the |following |would |be |considered |a |nonmedical | insurance |application?
| AAn |application |that |does |not |ask |any |questions |about |the |applicant's |medical |history
BAn |application |submitted |with |the |Agent's |Report
|
CAny | application | for | life | insurance
DAn |application |on |which |the |medical |information |is |completed |by |the |applicant |and |the |agent |only. |-
| correct |answer-
D. | An | application | on | which | the | medical | info | is | completed | by | the | applicant | and | agent | alone.
Which | of | the | following | products | requires | a | securities | license?
A. | Equity | Indexed | Annuity
B. | Deferred | Annuity
C. |Variable |Annuity
D. | Fixed | Annuity |- | correct | answer-C. | Variable | Annuity
Which | of | the | following | products | will | protect | an | individual | from | outliving | his | or | her | money?
