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Texas Life and Health Insurance Exams Compilation 2023;All possible questions and answers solved correctly
Texas Life and Health Insurance Exams Compilation 2023;All possible questions and answers solved correctly
[Mostrar más]Texas Life and Health Insurance Exams Compilation 2023;All possible questions and answers solved correctly
[Mostrar más]Insurance 
(General concept) - - transfers the risk of loss from an individual to an insurer 
- based on the principle of indemnity 
- based on the principle of risk (risk pooling) 
insurable interest 
(General Concept) - - must exist at the time of the application 
- insuring one's own life, famil...
Vista previa 2 fuera de 14 páginas
Añadir al carritoInsurance 
(General concept) - - transfers the risk of loss from an individual to an insurer 
- based on the principle of indemnity 
- based on the principle of risk (risk pooling) 
insurable interest 
(General Concept) - - must exist at the time of the application 
- insuring one's own life, famil...
3x vendido
Who is considered a field underwriter? - An agent 
When must insurable interest exist in life insurance? - Application or issue date 
If no receipt is issued at the time of application, a statement of good health is usually required at the 
time of? - Policy delivery 
The Medical Information Bureau ...
Vista previa 2 fuera de 12 páginas
Añadir al carritoWho is considered a field underwriter? - An agent 
When must insurable interest exist in life insurance? - Application or issue date 
If no receipt is issued at the time of application, a statement of good health is usually required at the 
time of? - Policy delivery 
The Medical Information Bureau ...
#1. 
In a survivorship life policy, when does the insurer pay the death benefit? 
a) 
If the insured survives to age 100 
b) 
Upon the last death 
c) 
Upon the first death 
d) 
Half at the first death, and half at the second death - b) 
Upon the last death 
#3. 
A father owns a life insurance policy...
Vista previa 3 fuera de 23 páginas
Añadir al carrito#1. 
In a survivorship life policy, when does the insurer pay the death benefit? 
a) 
If the insured survives to age 100 
b) 
Upon the last death 
c) 
Upon the first death 
d) 
Half at the first death, and half at the second death - b) 
Upon the last death 
#3. 
A father owns a life insurance policy...
If, at the time of an insured's death, the insurance company discovers that the insured's age was 
misstated on the application for life insurance, the company will most likely - pay the policy proceeds 
in the amount the premiums would have purchased at the insured's actual age 
The provision in...
Vista previa 2 fuera de 15 páginas
Añadir al carritoIf, at the time of an insured's death, the insurance company discovers that the insured's age was 
misstated on the application for life insurance, the company will most likely - pay the policy proceeds 
in the amount the premiums would have purchased at the insured's actual age 
The provision in...
P completes an application for a $10,000 life policy, but does not give the producer the initial premium. 
P's coverage becomes effective when - P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a 
f...
Vista previa 2 fuera de 13 páginas
Añadir al carritoP completes an application for a $10,000 life policy, but does not give the producer the initial premium. 
P's coverage becomes effective when - P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a 
f...
An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the 
payments will be continued to a beneficiary until an amount equal to the contract value has been paid. 
This type of annuity is called 
An installment Refund annuity 
A Straight Life annuity 
A...
Vista previa 4 fuera de 54 páginas
Añadir al carritoAn annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the 
payments will be continued to a beneficiary until an amount equal to the contract value has been paid. 
This type of annuity is called 
An installment Refund annuity 
A Straight Life annuity 
A...
At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit 
Reporting Act? - Upon completion of the application 
Who elects the governing body of a mutual insurance company? - policyholders 
An insurance applicant MUST be informed of an investigation re...
Vista previa 3 fuera de 24 páginas
Añadir al carritoAt what point must a life insurance applicant be informed of their rights that fall under the Fair Credit 
Reporting Act? - Upon completion of the application 
Who elects the governing body of a mutual insurance company? - policyholders 
An insurance applicant MUST be informed of an investigation re...
What type of reinsurance contract involves two companies automatically sharing their risk exposure? - 
Treaty 
The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future 
obligations to its policyholders is called - reserves 
When third-party ownership i...
Vista previa 2 fuera de 13 páginas
Añadir al carritoWhat type of reinsurance contract involves two companies automatically sharing their risk exposure? - 
Treaty 
The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future 
obligations to its policyholders is called - reserves 
When third-party ownership i...
hich of the following is considered a field underwriter? - An agent 
When must insurable interest exist in life insurance? - Application or issues date 
If no receipt is issued at the time application, a statement of good health is usually required at the time 
of - Policy Delivery 
The Medical Info...
Vista previa 4 fuera de 31 páginas
Añadir al carritohich of the following is considered a field underwriter? - An agent 
When must insurable interest exist in life insurance? - Application or issues date 
If no receipt is issued at the time application, a statement of good health is usually required at the time 
of - Policy Delivery 
The Medical Info...
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