Texas Life and Health Final Exam Questions and Answers
4 views 0 purchase
Course
Texas Life and Health
Institution
Texas Life And Health
What does a Face Amount Plus Cash Value Policy supposed to pay at the insured's death? - ANSWER-Face amount plus the policy's cash value
How long can a cash surrender value payment be deferred by the insurance company under the nonforfeiture law - ANSWER-6 months
An underwriter determines tha...
Texas Life and Health Final Exam
Questions and Answers
purchased a Disability Income Policy that ONLY J can terminate and on which the rates
will never increase above those illustrated in the policy. Which of the following types of
policies did J purchase? - ANSWER-Noncancelable
What does a Face Amount Plus Cash Value Policy supposed to pay at the insured's
death? - ANSWER-Face amount plus the policy's cash value
How long can a cash surrender value payment be deferred by the insurance company
under the nonforfeiture law - ANSWER-6 months
An underwriter determines that an applicant's risk should be recategorized due to a
health issue. This policy may be issued with a(n) - ANSWER-exclusion for the medical
condition
An insured may assign up to __ of policy ownership under an individual life insurance
policy - ANSWER-100%
The option that provides an additional death benefit for a limited amount of time at the
lowest possible cost is called a(n) - ANSWER-Accidental Death and Dismemberment
rider (AD&D)
Which of the following statements BEST defines usual, customary, and reasonable
(UCR) charges? - ANSWER-The maximum amiunt considered eligible for
reimbursement by an insurance company under a health plan
Which of the following services is NOT covered under a hospitalization expense policy?
- ANSWER-surgeon's fees
What is the purpose of the Time of Payment of Claims provision? - ANSWER-Prevents
delayed claim payments made by the insurer
When determining the monthly benefit amount of a Disability Income Policy, the factor
that limits the amount of prospective insured may purchase is: - ANSWER-income
Which of the following actions is NOT possible with a Universal Life policy? - ANSWER-
Premiums may be applied as a credit against income tax
With a Basic Medical Expense policy, what does the hospitalization expense cover? -
ANSWER-hospital room and board
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.09. You're not tied to anything after your purchase.
