TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP Questions And Answers 100% Guaranteed Success.
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TX GENERAL LINES LIFE, ACCIDENT AND HEALTH
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TX GENERAL LINES LIFE, ACCIDENT AND HEALTH
TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP Questions And Answers 100% Guaranteed Success.
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 t...
TX GENERAL LINES LIFE, ACCIDENT
AND HEALTH EXAM PREP Questions And
Answers 100% Guaranteed Success.
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
Which of the statements regarding the replacement of a life insurance policy is correct -
correct answer. Replacing a policy will require the insured to go through a new
contestability
The commissioner issued a cease and desist order against Nether Insurance Company
for committing certain practices when settling claims. Nether ignores the order. The
commissioner may refer to which of the following for enforcement. - correct answer.
State attorney general
Which type of group health insurance plan bases premios and benefits in the claim
experience of similar groups in the region - correct answer. Community-rated plan
Which of the following explains why the human life values approach to deter main
insurance needs is rarely used today - correct answer. It doesn't factor in all that it
takes to secure a family's financial futures
For tax purposes, a self-employed person includes all the following, EXCEPT: - correct
answer. An incorporated business owner
Which policy requires the insurer to give the insured the forms necessary to file a claim -
correct answer. Claim forms
The intoxicate and marítima provision let's an insurer deny a claim if - correct answer.
A loss result from intoxication or use of non-prescribed narcotics
When Matthew met with a potential client, he used a life insurance illustration to show
how the policy's cash value would grow over the clients lifetime. Matthew could include
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