Texas Insurance License BUNDLED Exams | With Verified solutions | Guaranteed Success| Latest updated 2024

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 investigation regard...

How many hours of ethics continuing education must an agent complete in any 2-year license period? A. 4 B. 5 C. 3 D. 2 D The commissioner has the power to A. appoint a stock insurance company board of directors B. issue certificates of authority to insurers C. authorize a mutual insurance compan...

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 a fas...

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 Information Bureau is?(MI...

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 provide benefits fo...

How many hours of ethics continuing education must an agent complete in any 2-year license period? A. 4 B. 5 C. 3 D. 2 D The commissioner has the power to A. appoint a stock insurance company board of directors B. issue certificates of authority to insurers C. authorize a mutual insurance compan...

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 ownership is in...

Subrogration may follow which of the following events? An insured collects from her insurance company for damages caused by a third party Medical payments coverage under a BOP applies to expenses incurred by non-insureds for bodily injury and reported to the insurer within: One year after the acc...

Susie set fire to her house to collect the insurance. This is an example of a(n) MORAL HAZARDS Henry's tires on his SUV are so worn that the steel belt is showing through the tread. The condition of the tires is known as PHYSICAL HAZARDS When a driver of an auto breaks the posted speed limit, t...

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 policy th...

What are 3 subjects an auto policy covers? 1. Body 2. The vehicle 3. Assets Bodily Injury Types Personal Injury Med Pay Uninsured Motorist No Fault Insurance State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party ...