100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM $9.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. TEXAS HEALTH AND LIFE INSURANCE
  4.  
  5. TEXAS HEALTH AND LIFE INSURANCE

Exam (elaborations)

TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM
 5 views  0 purchase
  • Course
  • TEXAS HEALTH AND LIFE INSURANCE
  • Institution
  • TEXAS HEALTH AND LIFE INSURANCE

TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM

Preview 0 out of 0  pages

Document information

  • December 10, 2024
  • Unknown
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • texas health and life insurance examfx 2025 latest

Written for

  • TEXAS HEALTH AND LIFE INSURANCE
  • TEXAS HEALTH AND LIFE INSURANCE

Seller

avatar-seller
AcademicACHIEVER

Reviews received

Content preview

TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025
LATEST UPDATE EXPERT VERIFIED QUESTIONS AND
ANSWERS REAL EXAM

WhatYisYtheYpurposeYofYtheYbuyer'sYguide?
A.ToYAllowYtheYconsumerYtoYcompareYtheYcostsYofYdifferentYpolicies
B.YToYprovideYtheYnameYandYaddressYofYtheYagent.
C.YtoYlistYallYpolicyYriders.
D.YToYprovideYinformationYaboutYtheYpolicy.Y-YcorrectYanswer-
A.ToYAllowYtheYconsumerYtoYcompareYtheYcostsYofYdifferentYpolicies


WhichYofYtheYfollowingYbestYdescribesYtheYconceptYthatYtheYinsuredYpaysYaYsmallYamountYofYpremiumYfo
rYaYlargeYamountYofYriskYonYtheYpartYofYtheYinsuranceYcompany?
AAdhesion
BSubrogation
CWarranty
DAleatoryY-YcorrectYanswer-D.YAleatory


WhatYisYtheYpurposeYofYaYconditionalYreceipt?


AItYisYgivenYbyYtheYagentYonlyYtoYapplicantsYwhoYfullyYprepayYallYscheduledYpremiumsYinYadvanceYofYpo
licyYissue.


BItYisYintendedYtoYprovideYcoverageYonYaYdateYearlierYthanYtheYdateYofYtheYissuanceYofYtheYpolicy.


CItYguaranteesYtheYapplicantYthatYaYpolicyYwillYbeYissuedYinYtheYamountYappliedYforYinYtheYapplication.


DItYservesYasYproofYthatYtheYagentYhasYdeterminedYtheYapplicantYtoYbeYfullyYinsurableYforYcoverageYbyYth
eYinsuranceYcompany.Y-YcorrectYanswer-
BItYisYintendedYtoYprovideYcoverageYonYaYdateYearlierYthanYtheYdateYofYtheYissuanceYofYtheYpolicy.

,WhichYofYtheYfollowingYisYNOTYtheYconsiderationYinYaYpolicy?
ATheYpromiseYtoYpayYcoveredYlosses
BTheYapplicationYgivenYtoYaYprospectiveYinsured
CSomethingYofYvalueYexchangedYbetweenYparties
DTheYpremiumYamountYpaidYatYtheYtimeYofYapplicationY-YcorrectYanswer-
B.YTheYapplicationYgivenYtoYaYprospectiveYinsured.


AnYinsurerYreceivesYaYreportYregardingYaYpotentialYinsuredYthatYincludesYtheYinsured'sYfinancialYstatus,Yho
bbiesYandYhabits.YWhatYtypeYofYaYreportYisYthat?
AAgent'sYReport
BUnderwriter'sYReport
CInspectionYReport
DMedicalYInformationYBureau'sYreportY-YcorrectYanswer-C.YInspectionYReport


TheYfullYpremiumYwasYsubmittedYwithYtheYapplicationYforYlifeYinsurance,YandYtheYpolicyYwasYissuedYtwoY
weeksYlaterYasYrequested.YWhenYdoesYtheYpolicyYcoverageYbecomeYeffective?
AAsYofYtheYpolicyYdeliveryYdate
BAsYofYtheYfirstYofYtheYmonthYafterYtheYpolicyYissue
CAsYofYtheYpolicyYissueYdate
DAsYofYtheYapplicationYdateY-YcorrectYanswer-DYAsYofYtheYapplicationYdate.


InYtermsYofYpartiesYtoYaYcontract,YwhichYofYtheYfollowingYdoesYNOTYdescribeYaYcompetentYparty?
ATheYpersonYmustYbeYmentallyYcompetentYtoYunderstandYtheYcontract.
BTheYpersonYmustYhaveYatYleastYcompletedYsecondaryYeducation.
CTheYpersonYmustYnotYbeYunderYtheYinfluenceYofYdrugsYorYalcohol.
DTheYpersonYmustYbeYofYlegalYage.Y-YcorrectYanswer-
B.YTheYpersonYmustYhaveYatYleastYcompletedYsecondaryYeducation.


WhichYofYtheYfollowingYisYNOTYanYexampleYofYinsurableYinterest?
AEmployerYinYemployee
BChildYinYparent

,CDebtorYinYcreditor
DBusinessYpartnersYinYeachYotherY-YcorrectYanswer-C.YDebtorYinYcreditor


AnYinsurerYneglectsYtoYpayYaYlegitimateYclaimYthatYisYcoveredYunderYtheYtermsYofYtheYpolicy.YWhichYofYth
eYfollowingYinsuranceYprinciplesYhasYtheYinsurerYviolated?
ARepresentation
BAdhesion
CConsideration
DGoodYfaithY-YcorrectYanswer-C.YConsideration


WhichYofYtheYfollowingYincludesYinformationYregardingYaYperson'sYcredit,Ycharacter,Yreputation,YandYhabi
ts?
AConsumerYhistory
BInsurabilityYreport
CAgent'sYreport
DConsumerYreportY-YcorrectYanswer-D.YConsumerYReport


BecauseYanYinsuranceYpolicyYisYaYlegalYcontract,YitYmustYconformYtoYtheYstateYlawsYgoverningYcontractsY
whichYrequireYallYofYtheYfollowingYelementsYEXCEPT
AConsideration.
BLegalYpurpose.
COfferYandYacceptance.
DConditions.Y-YcorrectYanswer-D.YConditions


TheYFederalYFairYCreditYReportingYAct
ARegulatesYtelemarketing.
BPreventsYmoneyYlaundering.
CRegulatesYconsumerYreports.
DProtectsYcustomerYprivacy.Y-YcorrectYanswer-C.YRegulatesYconsumerYreports

, IfYanYapplicantYforYaYlifeYinsuranceYpolicyYandYpersonYtoYbeYinsuredYbyYtheYpolicyYareYtwoYdifferentYpeop
le,YtheYunderwriterYwouldYbeYconcernedYabout
AWhichYindividualYwillYpayYtheYpremium.
BWhetherYanYinsurableYinterestYexistsYbetweenYtheYindividuals.
CTheYgenderYofYtheYapplicant.
DTheYtypeYofYpolicyYrequested.Y-YcorrectYanswer-
B.YWhetherYanYinsurableYinterestYexistYbetweenYtheYindividuals.


AllYofYtheYfollowingYareYdutiesYandYresponsibilitiesYofYproducersYatYtheYtimeYofYapplicationYEXCEPT
AChangeYanyYincorrectYstatementYonYtheYapplicationYbyYpersonallyYinitialingYnextYtoYtheYcorrectedYstate
ment.
BExplainYtheYnatureYandYtypeYofYanyYreceiptYtheYproducerYisYgivingYtoYtheYapplicant.
CProbeYbeyondYtheYstatedYquestionsYifYtheYproducerYfeelsYtheYapplicantYisYmisrepresentingYorYconcealing
Yinformation.



DCheckYtoYmakeYsureYthatYthereYareYnoYunansweredYquestionsYonYtheYapplication.Y-YcorrectYanswer-
A.YChangeYanyYincorrectYstatementYonYtheYapplicationYbyYpersonallyYinitialingYnextYtoYtheYcorrectedYstate
ment.


WhichYofYtheYfollowingYwouldYbeYconsideredYaYnonmedicalYinsuranceYapplication?
AAnYapplicationYthatYdoesYnotYaskYanyYquestionsYaboutYtheYapplicant'sYmedicalYhistory
BAnYapplicationYsubmittedYwithYtheYAgent'sYReport
CAnyYapplicationYforYlifeYinsurance
DAnYapplicationYonYwhichYtheYmedicalYinformationYisYcompletedYbyYtheYapplicantYandYtheYagentYonly.Y-
YcorrectYanswer-

D.YAnYapplicationYonYwhichYtheYmedicalYinfoYisYcompletedYbyYtheYapplicantYandYagentYalone.


WhichYofYtheYfollowingYproductsYrequiresYaYsecuritiesYlicense?
A.YEquityYIndexedYAnnuity
B.YDeferredYAnnuity
C.YVariableYAnnuity
D.YFixedYAnnuityY-YcorrectYanswer-C.YVariableYAnnuity


WhichYofYtheYfollowingYproductsYwillYprotectYanYindividualYfromYoutlivingYhisYorYherYmoney?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AcademicACHIEVER. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50064 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
Add to cart
Added