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Texas Life & Health insurance exam |Questions with 100% Correct Answers
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Texas Life & Health insurance exam |Questions with 100% Correct Answers
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Texas Life & Health insurance exam|Questions with 100% Correct
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beneficiary - ✔ ✔ Avery is the policyowner of a life insurance policy with an
irrevocable beneficiary designation. If Avery wishes to change the beneficiary,
Avery must obtain permission from the...
excluded by the insurer in the contract provision - ✔ ✔ Health insurance
benefits NOT covered due to an act of war are...
surgical fees - ✔ ✔ Which service is NOT covered under hospitalization
expense coverage?
the scope and limits of the coverage. - ✔ ✔ The insuring clause states...
gender - ✔ ✔ A life insurance application CANNOT be rejected by which factor...
the insured has become totally disabled and defined in the policy - ✔ ✔ in
health insurance policies, a waiver of premium provision keeps the coverage in
forced without premium payments if...
both an insurance and securities product. - ✔ ✔ Variable Whole Life Insurance
can be described as..
,legal reserve agents - ✔ ✔ Which agents CANNOT charge fees for
insurance advise?
Subrogation - ✔ ✔ Which of the following is the reimbursement of benefits to
the treatment of a beneficiary's injuries caused by a third party?
pre-existing conditions must be covered after the coverage has been in forced for
six months - ✔ ✔ Which Long Term Care insurance statement is true?
assignment - ✔ ✔ an ______________ of benefits of a health policy transfers
payments to someone other than the policyowner.
stockholders - ✔ ✔ who owns a stock insurance company?
When the producer delivers policy and collects initial premium - ✔ ✔ When does
a life insurance contract become effective if the initial premium has not been
collected during the application process?
inform insurer of relevant information not included on the application. -
✔ ✔ Which action should a producer take when submitting an
insurance application to an insurer?
20 days - ✔ ✔ insurers may request a hearing within ______ if their policy is
rejected.
, Residual Disability - ✔ ✔ Avery received full disability income benefits for 6
months. now avery is ready to go back to work but only for half days because
he is not fully recovered... which provision pays reduced benefits to Avery?
$10,000 - ✔ ✔ under the USA Patriot Act, insurers are required to report receipt
of cash payments in excess of...
Reimbursement Policy - ✔ ✔ Which type of policy pays benefits to a
policyowner covered under a Hospital Expense policy?
HMO - ✔ ✔ Which type of provider is known for stressing preventative
medical care and routine physical examinations?
entire cash surrender value is taxable - ✔ ✔ Which of these statements in
INCORRECT regarding the federal income tax treatment of life insurance?
is incorporated and formed in Texas - ✔ ✔ A domestic insurance company in
Texas is considered a company that...
6 months - ✔ ✔ how long can a cash surrender value payment be deferred by
the insurance company under the Nonforfeiture Law?
2 years - ✔ ✔ In Texas, how long must a policy be in forced before an
insurance company must pay death benefits for suicide?
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