Life & Health - TX State Laws.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Life%20&%20H
Life & Health - TX State Laws
Questions & Answers
1. Which of the following is not a duty of the commissioner?
Answer Make state insurance laws
2. The commissioner may examine the records of an insurance company for
the purpose of
Answer Determining solvency
3. The commissioner is authorized to perform all of the following duties,
except
Answer Suspend insurance licenses for up to 5 years
4. A Certificate of Authority is issued to an insurer for which of the following
reasons?
Answer It certifies the insurer is authorized to transact insurance in this state
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,Life & Health - TX State Laws.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Life%20&%20H
5. Which of the following is NOT transacting insurance?
Answer Selling stocks, bonds, and mutual funds
6. According to theTexas Insurance Code, an insurance company incorporat- ed
in New Mexico is a(n)
Answer Foreign insurer
7. Which type of insurance company is owned by its policyholders?
Answer Mutual insurer
8. Who is NOT eligible for an agent license in this state?
Answer A 17-year old who passed the licensing exam 6 months ago
9. Holding which of the following professional designations will exempt a
person from taking the life licensing examination?
Answer Chartered Life Underwriter (CLU)
10. A licensed agent is required to obtain which of the following before trans-
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