TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP/ 151 Q&A.
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TX GENERAL LINES LIFE, ACCIDENT AND HEALTH
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TX GENERAL LINES LIFE, ACCIDENT AND HEALTH
TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP/ 151 Q&A. Terms like:
What type of state regulation gives a person in poor health or with a pre-existing condition the opportunity to buy health insurance - Answer: Guaranteed issue
With certain limitations a policyowner may change all of ...
TX GENERAL LINES LIFE, ACCIDENT AND
HEALTH EXAM PREP/ 151 Q&A.
What type of state regulation gives a person in poor health or with a pre-existing condition the
opportunity to buy health insurance - Answer: Guaranteed issue
With certain limitations a policyowner may change all of the following in a life insurance policy,
EXCEPT: - Answer: The incontestability provision
With certain limitations, a policyowner may change all of the following in a life insurance policy,
EXCEPT: - Answer: A
Where can a person set up a health care savings account (HSA) - Answer: Financial institution
Which statement about converting coverage under a children's term rider is correct - Answer:
Conversion is possible even if the child is uninsurable, and the converted policy coverage
amount may be greater than amount provided under the rider
Page 1 of 23
,Which of the statements regarding the replacement of a life insurance policy is correct -
Answer: Replacing a policy will require the insured to go through a new contestability
The commissioner issued a cease and desist order against Nether Insurance Company for
committing certain practices when settling claims. Nether ignores the order. The commissioner
may refer to which of the following for enforcement. - Answer: State attorney general
Which type of group health insurance plan bases premios and benefits in the claim experience
of similar groups in the region - Answer: Community-rated plan
Which of the following explains why the human life values approach to deter main insurance
needs is rarely used today - Answer: It doesn't factor in all that it takes to secure a family's
financial futures
For tax purposes, a self-employed person includes all the following, EXCEPT: - Answer: An
incorporated business owner
Which policy requires the insurer to give the insured the forms necessary to file a claim -
Answer: Claim forms
The intoxicate and marítima provision let's an insurer deny a claim if - Answer: A loss result
from intoxication or use of non-prescribed narcotics
When Matthew met with a potential client, he used a life insurance illustration to show how the
policy's cash value would grow over the clients lifetime. Matthew could include all of the
following in the illustration without violating Texas regulations EXCEPT: - Answer: As statement
that the policy is type of investment and saving plan
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, Annuity contracts include a provision to pay a death benefit if the owner or annuitant doesn't
before the contract annuitizes. What does this death benefit typically equal - Answer: Either the
contract's accumulated valued or the amount of premium the owner invested whichever is
greater
The purpose of policy exclusions is to specify: - Answer: Condiciones that the policy does not
cover
An insured medical expense plan requires the insured to pay the medical car provider for each
service rendered. The insurer then reimburses the insured. On what basis are benefits paid -
Answer: Free-for-service
Which of the following correctly describes the disability income benefit rider availability with
life insurance policies - Answer: It pays a monthly income de terminated by a formula specified
in the policy if the insured becomes disabled, without impacting the policy's cash value or face
amount
Te Generic Informetion Nondiscrimimation Act(GINA) essentially does which of the following -
Answer: It prohibits insurance companies from discrimination on the basis of information
delivered through a genetic test
JOHN a Tex resident, is covered under a credit life insurance policy while he pays off a car loan.
Coverage is paid through December, when his loan is scheduled to be paid. If JOHN pays off the
car loan is September (3 months early) which of the following descuwhat the very life insurance
company must do with reap to a premium refund - Answer: It must refund the premium for the
thee-month period following the date JOHN paid off the loan
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