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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS PRACTICE EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$27.99
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS PRACTICE EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH
Institution
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2
LATEST VERSIONS PRACTICE EXAM COMPLETE 300 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2
LATEST VERSIONS PRACTICE EXAM COMPLETE 300 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Texas General Lines - Life, accident and health insurance PRACTICE EXAM LIFE SECTION 1 - LIFE SECTION
1
1) An insured's premium for Life insurance is based
mainly upon their: - ....ANSWER >>>>A- Risk
classification
B- Gender
C- Occupation
D- Age
2) A prospect's statements made in the application
for insurance constitute a part of which of the
following? - ....ANSWER >>>>A- Subrogation Clause
B- Incontestability Clause
,C- Co-insurance Clause
D- Consideration Clause
3) In the formation of a Life insurance contract, the
special significance of a Conditional Receipt is that
it: - ....ANSWER >>>>A- Serves as proof that the
producer has determined the applicant to be fully
insurable for coverage by the insurance company
B- Is intended to provide coverage on a date earlier
than the date of the issuance of the policy
C- Is given by the producer only to applicants who
fully prepay all scheduled premiums in advance of
policy issue
D- Guarantees the applicant that a policy will be
issued in the amount applied for in the application
4) Life insurance becomes effective when: -
....ANSWER >>>>A- When the insurer receives the
application at their home office
B- When the conditions in the conditional receipt
are satisfied
,C- The applicant writes the check and receives a
conditional receipt
D- When the producer signs the application
5) A producer submits a completed and signed
application to the underwriter along with the first
premium check. After checking the results of the
physical exam, the underwriter issues a 'rated'
policy. Which of the following will not be required: -
....ANSWER >>>>A- A statement that the applicant's
health has not changed since the physical exam
B- Additional premium to be collected at policy
delivery
C- A new completed and signed application
D- An explanation of the rating or premium
surcharge to the client
6) Insurable interest must exist: - ....ANSWER
>>>>A- At the time of loss
B- In order to be named as beneficiary
C- At the time of application
D- Continuously
, 7) All of the following are a part of a Life insurance
policy, EXCEPT the: - ....ANSWER >>>>A- Conditional
Receipt
B- Incontestability Clause
C- Copy of the application
D- Insuring Clause
8) Once completed and signed by the applicant, a
producer may change an application: - ....ANSWER
>>>>A- With consent of his manager
B- If the applicant initials the change
C- With the verbal consent of the applicant
D- At anytime
9) An applicant has been denied insurance coverage
because of information contained in a consumer
report. According to the Fair Credit Reporting Act,
all of the following statements are true about this
situation, EXCEPT: - ....ANSWER >>>>A- The
applicant has the right to obtain a copy of the
consumer report directly from an insurance
company that used the report
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