Texas Life and Health Insurance Practice Test with Complete Solutions

Texas Life and Health Insurance Practice Test with Complete Solutions Texas Life and Health Insurance Practice Test with Complete Solutions Texas Life and Health Insurance Practice Test with Complete Solutions Texas Life and Health Insurance Practice Test with Complete Solutions T owns an Accident & Health policy and notifies her insurance company that she has chosen a less hazardous occupation. Under the Change of Occupation provision, which of the following actions may her insurance company take? - ANSWER-Increase her policy's coverage amount When an insurer issues a policy that refuses to cover certain risks, this is referred to as a(n) - ANSWER-Exclusion An agent who tells claimants that their rights may be impaired if they fail to complete a release form within a given period of time could be guilty of..? - ANSWER-Coercion What does the insuring agreement in a Life insurance contract establish? - ANSWER-An insurer's basic promise The first portion of a covered Major Medical insurance expense that the insured is required to pay is called the..? - ANSWER-Initial deductible A "reimbursement policy" pays what amount of covered Long-Term Care expenses? - ANSWER-Actual covered expenses up to the daily maximum The agreement in a life insurance contract that states a specific sum of money will be paid to a designated person upon an insured's death is called a(n) - ANSWER-Insuring agreement W is a 39-year old female who just purchased an annuity to provide income for life starting at age 60. All of these would be acceptable annuity choices EXCEPT a(n) - ANSWER-Immediate annuity Which of these are NOT an example of a Nonforfeiture option? - ANSWER-Life Income S filed a written Proof of Loss for a Disability Income claim on September 1. The insurance company did not respond to the claim. S can take legal action against the