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TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP questions and answers latest 2024
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TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP questions and answers latest 2024
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TXGENERAL
LINES
LIFE,
ACCIDENT
AND
HEALTH
EXAM
PREP
Health
insurance
coverage
under
COBRA,
HIPAA
guarantees
that
the
person
will
-
correct
answer-Have
Acces
to
a
guaranteed-issue
individual
health
policy,
regardless
of
health
All
the
following
statements
about
ordinary
(or
straight)
whole
life
insurance
are
correct
-
correct
answer-The
cash
value
remains
level
throughout
the
life
of
the
policy
Which
activity
in
NOT
an
error
or
omission
that
makes
an
agent
or
producer
legally
to
both
the
insurance
and
the
insure
-
correct
answer-Placing
insurance
with
an
approved
surplus
line
insurer
All
the
following
statements
about
the
taxation
of
annuities
are
correct
EXEPT:
-
correct
answer-Qualified
annuities
are
taxes
no
different
than
no
qualified
annuities
Which
of
the
following
statements
about
utmost
good
faith
in
insurance
is
correct
-
correct
answer-Both
the
insurance
and
the
insurer
must
act
in
utmost
good
faith
Which
annuity
settlement
option
pays
income
for
the
annuitant's
life,
but
no
less
than
for
a
specified
number
of
year
-
correct
answer-Life
income
with
period
certain
Tim
has
paid
only
four
premium
totally
$1000
on
his
health
insurance
policy
when
he
was
diagnosed
with
cancer.
The
insurance
company
paid
more
than
$100.000
to
cover
the
medical
bills
for
his
treatments
which
of
the
following
characteristics
of
insurance
contracts
-
correct
answer-They
are
aleatory
Jack,
an
insurance
agent,
offers
free
season
football
tickets
to
anyone
who
buys
a
life
insurance
policy
from
him.
This
sales
practice
is
called
-
correct
answer-rebating
After
Todd
was
injured
in
a
car
crash,
he
received
occupational
theyto
help
him
return
to
work.
His
disability
income
policy
paid
for
this
therapy
because
it
had
-
correct
answer-A
rehabilitation
provision
If
a
small
employer
insurance
decides
to
terminate
all
small
employer
health
benefits
plans
it
issues
in
TEXAS,
it
must
notify
the
TEXAS
commissioner
and
all
affected
employer
of
its
intent
to
do
so
at
least
-
correct
answer-At
least
180
days
before
it
ends
coverage
Contract
characteristics
is
unique
to
insurance
contracts
but
NOT
all
contracts
-
correct
answer-Unilateral
When
first
meeting
prospective
insurance
applicants,
a
producer
must
give
them
a
document
that
explains
the
general
features,
benefits,
and
condition
of
type
of
insurance
being
considered.
Which
is
called
a
-
correct
answer-Buyer's
Guide Abby,
who
life
in
New
York
she
is
a
licensed
life
insurance
agent
,
wants
to
apply
fo
a
nonresident
license
in
Texas.
To
do
so,
she
must
submit
which
of
the
following
to
TDI
-
correct
answer-An
aplicación,
few
and
letter
of
certification
from
her
home
state
Amanda
used
a
basic
illustration
to
help
Mark.
a
potencial
cliente,
de
understand
how
the
cash
value
of
his
life
insurance
policy
would
grow.
Mark
then
agreed
to
buy
the
policy.
Which
of
the
following
best
describes
Amanda's
duties
which
respect
to
delivering
a
copy
of
the
illustration
used
-
correct
answer-Amanda
must
deliver
a
signed
copy
ilustración
to
both
Mark
and
the
insurer
With
respect
to
the
transfer-for-value
rule,
which
of
the
following
situations
would
result
in
the
new
owner
being
subject
to
tax
on
the
policy's
gain
upon
the
insured's
death
-
correct
answer-Policy
is
sold
by
the
insured
to
neighborhood
in
exchange
for
cash
Which
of
the
following
describes
the
options
available
with
a
universal
life
insurance
policy
the
owner
no
longer
wishes
to
maintain
-
correct
answer-Surrender
the
policy
for
its
cash
value
or
let
the
policy
continue
without
premium
until
the
cash
value
can
no
longer
cover
monthly
deductions
A
section
125
cafeteria
plan
may
cover
which
of
these
expenses
-
correct
answer-Health
insurance
premiums
An
insurance
producer
tells
a
life
insurance
applicant
that
he
has
the
authority
to
waive
the
medical
exam
that
is
normally
required
by
the
insurer
with
every
application.
The
insurer
may
be
required
to
accept
the
application
without
a
medical
exam
due
to
the
producers:
-
correct
answer-Apparent
authority
A
long-term
care
rider
on
a
life
insurance
policy
will
pay
benefits
if
the
insured
is
diagnosed
as
chronically
ill
due
to
which
of
the
following?
-
correct
answer-Either
a
medical
or
cognitive
(mental
health)
reason
Which
federal
law
group
health
plans
and
protects
their
enrollees
-
correct
answer-A
What
type
of
state
regulation
gives
a
person
in
poor
health
or
with
a
pre-existing
condition
the
opportunity
to
buy
health
insurance
-
correct
answer-Guaranteed
issue
With
certain
limitations
a
policyowner
may
change
all
of
the
following
in
a
life
insurance
policy,
EXCEPT:
-
correct
answer-The
incontestability
provision
With
certain
limitations,
a
policyowner
may
change
all
of
the
following
in
a
life
insurance
policy,
EXCEPT:
-
correct
answer-A
Where
can
a
person
set
up
a
health
care
savings
account
(HSA)
-
correct
answer-Financial
institution
Which
statement
about
converting
coverage
under
a
children's
term
rider
is
correct
-
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
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