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Funeral Prearrangement Exam Prep - TexasRole of a Legal Reserve Life Insurance Agent whose company holds a seller's permit? - correct answer Supervisor of Funeral Prearrangement Life Insurance agent What is the maximum initial guaranteed $ benefit that a prearrangement life insurance may sell? - correct answer $15,000 When does a funeral prearrangement life insurance agent license expire? - correct answer When a funeral prearrangement life insurance *agent fails to submit a biannual renew...

Funeral Prearrangement License Exam Texas A funeral prearrangement life insurance agent must be supervised - correct answer By a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - correct answer $15,000 A funeral prearrangement life insurance agent license expires when the agent - correct answer Fails to submit a biannual renewal application and fee When...

Funeral Prearrangement license exam Legal reserve life insurance Agent - correct answer A funeral prearrangement life insurance agent must be supervised by a _____ who's company holds a seller's permit $15,000.000 - correct answer The maximum initial guaranteed death benefit that a funeral prearrangement life insurance may sell is ____ Appointing insurance company - correct answer A funeral prearrangement life insurance agent license expires when the agent ceases to represent the _______ 6...

Funeral Prearrangement License Exam Agent - correct answer A funeral prearrangement life insurance agent must be supervised by a legal reserve life insurance ________ whose company holds a seller's permit 15,000 - correct answer The maximum initial guaranteed death benefit that a funeral prearrangement life insurance may sell is ________ Appointing - correct answer A funeral prearrangement life insurance agent license expires when the agent ceases to to represent the ____ insurance compa...

Funeral Pre-arrangement A funeral prearrangement life insurance agent must be supervised by: - correct answer None of the above What is the maximum initial guaranteed death benefit that a funeral prearrangement life insurance may sell? - correct answer $25,000 When an application for an insurance license is denied, EXCEPT for failure to pass the examination, the applicant MAY NOT REAPPLY FOR AT LEAST: - correct answer 60 Months An agent's insurance license could be suspended or revoke...

Glossary fro the Study Materials for the Texas Funeral Prearrangement Life Insurance Agent License: Key Words to Study Accidental Death Benefit Rider - correct answer insured dies in an accident Accumulation Period - correct answer Time during which a pool of money is being held Advertising - correct answer Clear, Understandable, Not Misleading Alien Company - correct answer Other Countries Annual Statement - correct answer Annual Accounting Report Annuitant - correct answer Indi...

Jurisprudence - Funeral Pre-Planner Can you contact someone by phone or other means and ask them to purchase your services? - correct answer No, you can not contact a person and solicit services Can you contact a person in a long-term care home, hospital, or hospice and ask them to purchase your services? - correct answer No, you can not solicit to long-term care, hospitals, or hospice Can you leave brochure's from your business on a table in a common room of a long-term care home? - cor...

Mortuary Law CH-5 Duties of the funeral director In general - correct answer The funeral director has various legal and contractual duties Statutory duties: Permits - correct answer Typically, this involves obtaining a death certificate, burial permit and transit permits. State and municipal statutes and regulations which require these permits have been upheld by courts as reasonable exercise by the state of its police power to protect the health of the public Several states have impleme...

Mortuary Administration Quiz #8 Funeral Arrangement and Direction - correct answer The arranging and caring for the chronological mortuary activities from the notification of death to the final services rendered for the family Funeral Arrangements - correct answer term applied to the completing of the service and financial details of a funeral Pre-Planned Funeral Arrangements - correct answer Funeral arrangements made in advance of need that do not include provisions for funding or prepay...

Pre-need Funeral Contracts (Ch. 10)Preneed Funeral contracts - correct answer Refer to contracts entered into between members of the public and funeral homes to provide for funeral goods and services in the future upon the death of the contract beneficiary. Insurance policy - correct answer The purchaser of the preneed contract typically prefunds the contract either through a payment made to the funeral home at the time the contract is entered into or by the purchase of an _____ _____ upon th...

Preneed Funeral Law Texas A funeral prearrangement life insurance agent must be supervised by - correct answer a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - correct answer A funeral prearrangement life insurance agent license expires when the agent - correct answer When an application for an insurance agent license is denied, except for failur...

State Rules & Regulations New York AAMI What is a registration period called and how long is it? - correct answer Biennium, 2 years What is a Funeral establishment? - correct answer A single physical location address or premises used for the care and preparation of human remains for disposition or funeral ceremonial purposes What is a Funeral Firm? - correct answer An individual, partnership, corporation or estate representatives engaged in the business and practice of funeral directing. ...

Texas Funeral Law Exam Fri 5-7Commissioner is: - correct answer registered cemetery owner and operator Commissioners are: - correct answer licensed funeral director and embalmers who have been practicing for a minimum of 5 years. 4 commissioners are: - correct answer members of the public with no ties to the industry regulated. A dead human body can be transported without the presence of a licensed Funeral Director if: - correct answer there is no reasonable probability of contact with ...

Texas Funeral Prearrangement Life Insurance Agent LicenseThe people at the insurance company who determine the risk and accept or reject the risk are called - correct answer Underwriters A______risk is one where the proposed insured exceeds the basic standards so the company may offer more coverage or a lesser premium for the coverage applied for to the applicant. - correct answer Preferred The amount the insurer needs to cover the risk it has assumed is called the - correct answer Moralit...

Texas Funeral Prearrangement Life License Study GuideA funeral prearrangement life insurance agent does not need to be ___________. supervised by anyone Effective September 2011, a funeral prearrangement life licensed agent may write a policy for an amount that matches the funeral benefits contract. There no longer is a limit of $15,000 (Please note the exam has not been updated by the state, therefore the answer to question #2 still reflects the amount of $15,000 as the correct answer) ...

Texas Funeral Prearrangement Life License Study GuideA __________ does not need to be supervised by anyone. - correct answer funeral prearrangement life insurance agent Effective September 2011, a Funeral Prearrangement Life licensed agent may write a policy for an amount that matches the __________. There no longer a limit of __________. - correct answer Funeral Benefits Contract; $15,000 The funeral prearrangement agent must submit a __________ for each two-year renewal period. - correct...

Texas Funeral Prearrangement Life License Study Guide A __________ does not need to be supervised by anyone. - correct answer funeral prearrangement life insurance agent Effective September 2011, a Funeral Prearrangement Life licensed agent may write a policy for an amount that matches the __________. There no longer a limit of __________. - correct answer Funeral Benefits Contract; $15,000 The funeral prearrangement agent must submit a __________ for each two-year renewal period. - corre...

Texas Funeral Prearrangement Life License Study GuideA __________ does not need to be supervised by anyone. - correct answer funeral prearrangement life insurance agent Effective September 2011, a Funeral Prearrangement Life licensed agent may write a policy for an amount that matches the __________. There no longer a limit of __________. - correct answer Funeral Benefits Contract; $15,000 The funeral prearrangement agent must submit a __________ for each two-year renewal period. - correct...

Texas Funeral Prearrangement TestThe people at the insurance company who determine the risk and accept or reject the risk are called - correct answer Underwriters A ______ risk is one where the proposed insured exceeds the basic standards so the company may offer more coverage or a lesser premium for the coverage applied for to the applicant. - correct answer Preferred The amount the insurer needs to cover the risk it has assumed is called the: Mortality charge, Reserve, Standard risk, Lia...

Washington State funeral LRR 308-49 Prearrangement Funeral ServicesSales price using either a trust or insurance - correct answer Guarantees a final price for merch and services. Sales price using a trust - correct answer A trust plus accruals will be applied toward the cost of merch and services at the time of need. If cost exceeds the sales price plus accruals the purchaser must pay the difference, if the cost is less then the purchaser receives a refund. Insurance - correct answer Metho...