Texas Life Insurance Exam TESTBANK [100% VERIFIED ANSWERS]
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Course
Texas life insurance
Institution
Texas Life Insurance
Texas Life Insurance Exam TESTBANK
[100% VERIFIED ANSWERS]
Texas Life Insurance Exam TESTBANK
[100% VERIFIED ANSWERS]
What type of reinsurance contract involves two companies automatically sharing their
risk exposure? - Answer Treaty
The stated amount or percent of liquid as...
Texas Life Insurance Exam Questions
with Complete Solution [100%
VERIFIED]
, Texas Life Insurance Exam Questions
with Complete Solution [100%
VERIFIED]
Who is considered a field underwriter? - Answer ✓✓An agent
Who is considered a nonresident agent? - Answer ✓✓An agent who resides in another
state, but is licensed to write insurance in this state.
Whose life expectancy is taken into consideration in an annuity? - Answer ✓✓
Annuitant
A key-person insurance policy benefit will pay for... - Answer ✓✓Cost of training a
replacement
A life agent's license must be renewed.. - Answer ✓✓Every 2 years on the anniversary
date of issuance
A life insurance policy clause that prevents an insurance company from denying
payment of a death claim after a specific period of time is known as the.. - Answer ✓✓
Incontestability clause
A spouse receives $5,000 a month until the principle and interest on her husband"s life
insurance policy have been paid out. Which settlement option did this beneficiary
choose? - Answer ✓✓Fixed amount
A substandard risk compared to a standard risk would pay? - Answer ✓✓a higher
premium
A temporary license is normally valid for.. - Answer ✓✓90 Days
Adjustable Life - Answer ✓✓Life insurance that permits changes in the face amount,
premium amount, period of protection, and the premium payment period
Agents whose license has been revoked will not be able to receive another license in
Texas for at least.. - Answer ✓✓5 Years
Alien insurer - Answer ✓✓and insurance company that is incorporated outside the
united states
An agent who offers a cash reward to a prospect for buying a policy is guilty of.. -
Answer ✓✓Rebating
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