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PRACTICE EXAM OF TEXAS LIFE & HEALTH INSURANCE. "SECTION 1- TEXAS COMMON LAW" QUESTIONS AND ANSWERS $13.49   Add to cart
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PRACTICE EXAM OF TEXAS LIFE & HEALTH INSURANCE. "SECTION 1- TEXAS COMMON LAW" QUESTIONS AND ANSWERS
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PRACTICE EXAM OF TEXAS LIFE & HEALTH INSURANCE. "SECTION 1- TEXAS COMMON LAW" QUESTIONS AND ANSWERS

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  • September 5, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • practice exam of texas life health insurance s

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  • TEXAS LIFE & HEALTH INSURANCE
  • TEXAS LIFE & HEALTH INSURANCE

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PRACTICE EXAM OF TEXAS LIFE &
HEALTH INSURANCE. "SECTION 1-
TEXAS COMMON LAW" QUESTIONS
AND ANSWERS
1) A person appointed by an insurer to solicit or sell insurance on their behalf in this
state is known as a(n):
A- Adjuster
B- Agent
C- Broker
D- Solicitor - Answer-B- Agent

1) Texas resident agents must complete _____ hours of continuing education every two
years.
A- 10
B- 40
C- 24
D- 20 - Answer-C- 24

1) Which of the following is NOT prohibited under the Unfair Practices section of
insurance law:
A- Making false oral statements about the financial condition of a person which are
calculated to injure that person
B- Readjusting group premium rates based on loss or expense experience
C- Misleading or false statements about dividends previously paid on an insurance
policy
D- Discriminating between insurance applicants on the basis of gender - Answer-B-
Readjusting group premium rates based on loss or expense experience

1) An insurance company can have rates based on:
A- Gender
B- Ethnic background
C- Religion
D- Nationality - Answer-A- Gender

1) Forcing a client to buy insurance from a particular lender as a condition of granting a
loan is defined as:
A- Defamation
B- Rebating
C- Misleading advertising
D- Coercion - Answer-D- Coercion

1) Shareholders own a ___________ insurer:

, A- Stock
B- Fraternal
C- Reciprocal
D- Mutual - Answer-A- Stock

1) An insurance company authorized to sell insurance in Texas, but with their home
office in Illinois, is called a/an:
A- Alien company
B- Domestic company
C- Foreign company
D- Surplus company - Answer-C- Foreign company

1) Regarding Claims Methods and Practices, all of the following are true EXCEPT:
A- Insurers cannot deny unsubstantiated claims
B- Insurers must conduct a reasonable investigation prior to denial of a claim
C- Insurers may settle a claim by attempt to reach a compromise
D- Insurers cannot require insureds to pay the costs of a claims investigation - Answer-
A- Insurers cannot deny unsubstantiated claims

1) All of the following are true regarding the federal Fair Credit Reporting Act EXCEPT:
A- It applies to credit reports ordered in connection with insurance, banking and
employment
B- Insurers are not required to give customers a copy of the report
C- Reports may be sent to anyone who requests one
D- The customer must be notified if adverse action is taken as a result of a report -
Answer-C- Reports may be sent to anyone who requests one

1) No licensee whose license has been denied, refused or revoked can file another
licensing application with the Commissioner for at least ____ years:
A- 5
B- 4
C- 2
D- 3 - Answer-A- 5

1) All could be considered rebates EXCEPT:
A- Employment
B- Dividends
C- Securities
D- Commissions - Answer-B- Dividends

1) To become a Texas insurance agent, you must:
A- Pass an exam
B- Have resided in Texas for at least one year
C- Post a bond
D- File your personal financial statement with the Commissioner - Answer-A- Pass an
exam

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