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PRIMERICA: TEXAS LIFE AGENT EXAM REVIEW QUESTIONS WITH COMPLETE ANSWERS
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PRIMERICA: TEXAS LIFE AGENT EXAM REVIEW QUESTIONS WITH COMPLETE ANSWERS
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PRIMERICA: TEXAS LIFE AGENT EXAMREVIEW QUESTIONS WITH COMPLETE
ANSWERS
Buyer's Guide - Answer-Which of the following is a generic consumer publication that
explains life insurance in general terms in order to assist the applicant in the decision
making process?
Respond to the consumers complaint. - Answer-Under the fair credit reporting act, if the
consumer to challenges the accuracy of the information contained in his or her report
the reporting an agency must?
What is the definition of a unilateral contract? - Answer-One-sided: only one party
makes an enforceable promise
Beneficiary's consent. - Answer-An insurance contract must contain all of the following
to be considered legally binding except...
As of the application date. - Answer-The full premium was submitted with the application
for life insurance, and the policy was issued two weeks later as requested. When does
the policy to cover it's become affective?
The date of the medical exam. - Answer-An individual apply for an insurance policy and
pay the initial premium. The insurer issued a conditional receipt. Five days later the
applicant had to submit to a medical exam. If the policy is issued, what would be the
policies effective date?
The beneficiary receive the full death benefit if it is determined that the applicant
qualified for the policy. - Answer-An applicant signs an application for $25,000 life
insurance policy, pays initial premium, and received a conditional receipt. If the
applicant dies the following day which of the following is true?
Issue the policy anyway and pay the face value to the beneficiary. - Answer-When Y
applied for insurance and paid the initial premium on August 14, he was issued a
conditional receipt. During the underwriting process, the insurance company found no
reason to reject the risk or classify it other than a standard. Y was killed in an
automobile accident on August 22, before the policy was issued. In this case the
insurance company will...
The insurer - Answer-If an insurance requires a medical examination of an advocate in
connection with the application for life insurance, who is responsible for paying the cost
of the examination?
, Disputes regarding consumer report information. - Answer-According to the fair Credit
reporting act, all of the following would be considered negative information about a
consumer except...
Signed waiver of premium. - Answer-Upon policy delivery, the producer may be
required to obtain any of the following except...
Aleatory - Answer-And insured pays $100 premium every month for his coverage, yet
then she promises to pay $10,000 for a covered loss. What characteristics of an
insurance contract does this describe?
When an insurer's underwriter approves coverage, - Answer-In forming an insurance
contract, when does except it's usually occur?
Application - Answer-An insurer wants to begin underwriting procedures for an
applicant. What source will it consult for the majority of it's underwriting information
Premium receipt - Answer-Most agents try to collect the initial premium for submission
with the application. When an agent Coleccionista premium for the applicant, the agent
should issue the applicant a...
Premium amounts and surrender values. - Answer-Which of the following will be
included in a policy summary?
When the agent delivers the policy, collect the initial premium, and the applicant
completes an acceptable statement of good health. - Answer-An agent in an application
for a life insurance policy fill out and sign the application. However, the applicant does
not wish to give the agent the initial premium, and no conditional receipt is issued.
When will coverage begin?
When the application is signed and a check is given to the agent. - Answer-When is the
earliest it a policy may go into effect?
Return the application to the applicant for completion. - Answer-Which is an appropriate
action bother in sure if the perspective insured submitted an incorrect application?
With the policy. - Answer-If a policy includes a free-look period of at least 10 days, the
Buyer's Guide must be delivered to the applicant...
Medical background - Answer-Which of the following information about the applicant is
NOT included in the General Information section of the application for insurance?
To help the insured understand all aspects of the contract. - Answer-Why should the
producer personally deliver the policy when the first premium has already been paid?
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