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Texas Health and Life Insurance bundled Exams 2023 with 100% correct answers $40.49   Add to cart

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Texas Health and Life Insurance bundled Exams 2023 with 100% correct answers

Texas Health and Life Insurance Exam 2023 with 100% correct answers

23 items

Texas Life and Health Insurance Exam 2023 with 100% correct answers

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What type of reinsurance contract involves two companies automatically sharing their risk exposure? Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called reserves When third-party own...

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FINAL EXAM REVIEW - Texas life and health 2023 with 100% correct answers

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If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provision...

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Texas Life and Health Insurance Exam 2023 with 100% correct answers

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At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? Upon completion of the application Who elects the governing body of a mutual insurance company? policyholders An insurance applicant MUST be informed of an investi...

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Texas Health and Life Insurance Exam 2023 with 100% correct answers

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Why does an insurer have a 2-year suicide clause? a) because the commissioner of insurance requires it. b) suicide is never paid for in life insurance. c)to prevent payment of an immediate claim for a person contemplating suicide. d) to help an insurer be more profitable. Answer: C To prevent ...

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Texas Life and Health Insurance Exam 2023 with 100% correct answers

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Which of these characteristics is consistent with a Straight Life Policy? Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typically invested in? S&P 500 Which of the following does Social Security NOT provid...

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Final Exam - Texas Life and Health 2023 with 100% correct answers

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A certificate of _____ permits an insurance company to transact business in Texas. Authority Which of the following statements about Health Reimbursement Arrangements (HRA) is CORRECT? If the employee paid for qualified medical expenses, the reimbursements may be tax-free The individ...

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Texas State Exam Simulator - Life and Health 2023 with 100% correct answers

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An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity A...

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Texas Life & Health insurance exam 2023 with 100% correct answers

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When one party makes an offer and the other accepts At what point does an informal contract become binding? when the application is made when must insurable interest be present in order for a life insurance policy to be valid? Statement guaranteed to be true Which is the following B...

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Life and Health Insurance Texas License Exam 2023 with 100% correct answers

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The accounting measurement of an insurer's future obligations to its policy holders Reserves Who elects the governing body of a mutual insurance company? Policyholders A group owned insurance company that is formed to assume and spread liability risks of its members is known as Ris...

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Texas Life And Health Insurance Exam 2023 with 100% correct answers

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In Texas, which of these statements regarding the Suicide clause is True? An Insurer may not use suicide as a defense against payment after the second year S owns a life insurance policy with cash values that fluctuate according to the underlying investment performance of common stocks. Whic...

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Texas Health and Life Insurance Exam 2023 with 100% correct answers

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A man decided to purchase a $100,000 Annually Renewable Term Life policy to provide additional protection until his children finished college. He discovered that his policy Required a premium increase each renewal. Annually Renewable Term policies' premiums are adjusted each year to the insured...

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Final Exam Life & Health Insurance Texas exam 2023 with 100% correct answers

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A Variable insurance policy: -guarantees a minimum rate of return -does not allow the policyowner to assume the investment risk -does not guarantee a return on its investment accounts -does not guarantee an assignment provision -does not guarantee a return on its investment accounts Th...

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Texas Life and Health Insurance Final Exam 2023 with 100% correct answers

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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 Be...

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Texas Life Insurance exam 2023 with 100% correct answers

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Who is considered a field underwriter? An agent When must insurable interest exist in life insurance? 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? Policy delivery The Medical Infor...

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Texas life Insurance exam 2023 with 100% correct answers

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claimant a person who submits a claim for payment of benefits dividend a payment made by a policy (distribution of profits or returned of unused funds) lapse policy termination due to a non payment of premium Nonforfeiture Values benefits in a life insurance policy that the ...

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Life Insurance Exam (Texas) 2023 with 100% correct answers

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Insurance (General concept) - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) insurable interest (General Concept) - must exist at the time of the application - insuring one's own life, f...

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Texas Life Insurance Exam 2023 with 100% correct answers

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P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at ...

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Texas Life Insurance exam 2023 with 100% correct answers

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#1. In a survivorship life policy, when does the insurer pay the death benefit? a) If the insured survives to age 100 b) Upon the last death c) Upon the first death d) Half at the first death, and half at the second death b) Upon the last death #3. A father owns a life insurance p...

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Insurance license practice XCEL solutions FINAL EXAM #12 2023 with 100% correct answers

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Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? 24 hours Question 3 L takes out a lif...

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Texas Life Insurance Exam 2023 with 100% correct answers

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Convertible Term Life Insurance This optional form of term life insurance lets the policyowner convert the policy to a whole life policy without having to prove insurability. Ordinary Life Insurance This class of individual life insurance has many flexible options and features policies with...

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Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2023

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LIFE SECTION 1 LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? A- $50,000 Whole Life...

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Texas Health and Life Insurance Exam 2023 with 100% correct answers

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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. A.To Allow the consumer to compare the costs of different poli...

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Texas Life and Health Insurance Practice exam 2023 with 100% correct answers

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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? Increase her policy's coverage amount When an insurer issues a poli...

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