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Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health
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Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health
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StudyGuide
Ins
TX
-
LAH05
-
General
Lines
-
Life,
Accident,
and
Health
·
A
newly
licensed
General
Lines
agent
must
complete
a
MINIMUM
of___
hours
of
continuing
education
within
___
months
after
initial
license.
24
·
Insurance
agent
licenses
normally
must
be
renewed
every
__
years.
2
·
An
agent
must
include
a
statement
that
_________
are
not
guaranteed
during
a
sales
presentation
for
a
participating
life
insurance
policy.
Dividends
Dividend
a
partial
return
of
premium
to
the
insured
based
on
the
insurer's
financial
performance
or
on
the
insured's
own
loss
experience.
Insurers
cannot
legally
guarantee
the
payment
of
dividends.
An
applicant
for
an
agent's
license
must
be...
honest,
trustworthy,
and
reliable.
An
agent
who
tells
claimants
that
their
rights
may
be
impaired
if
they
fail
to
complete
a
release
form
within
a
given
period
could
be
guilty
of
____.
Coercion
Coercion
Persuading
someone
to
do
something
by
using
force
or
threats.
An
agent
who
tells
a
client
that
dividends
are
guaranteed
may
be
guilty
of
_____.
misrepresentation
An
agent
may
legally
share
commissions
only
with....
another
agent
who
is
licensed
in
the
same
line
of
insurance.
An
agent
whose
license
has
been
revoked
is
required
to
wait
at.... least
five
years
before
applying
for
a
new
license.
An
insurance
company
must
send
a
notice
of
the
termination
to
the....
Texas
Department
of
Insurance
The
Commissioner
of
Insurance
oversees
the
regulation
of
insurance
in
the
state
and
administers
the
worker's
compensation
system.
Protects
the
insurance
industry
fairly
and
diligently,
promoting
a
stable
and
competitive
market.
The
Insurance
Commissioner
may
examine
the
records
of
an
insurance
company
in
order
to
determine
the
___________
of
the
company
Solvency
Insurance
solvency
is
a
company's
ability
to
be
able
to
meet
the
obligations
they
face
when
it
comes
to
making
payments
on
claims
for
insurance
policies.
The
Commissioner
of
Insurance
does
NOT
have
the
power
and
duty
to
activate
insurance
company's
_________
________.
financial
reserves.
Financial
Reserves
funds
set
aside
such
as
profits
for
unexpected
events/situations.
Covers
scheduled,
routine
and
unscheduled
expenses
that
would
otherwise
be
drawn
from
general
funds.
The
Commissioner
of
Insurance
may
issuer
a
temporary
agents
license
for
a
maximum
of
___
days.
90
The
Commissioner
of
Insurance
may
suspend,
revoke,
or
refuse
to
renew
the
license
of
an
agent
who
is..
found
guilty
of
misrepresentation
or
fraud
in
obtaining
the
license.
Before
holding
a
hearing
regarding
an
agent's
unfair
or
deceptive
practice,
the
Insurance
Commissioner
MUST
give
___
days'
notice.
30
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