TEXAS Life Ch 4 Question and answers 100% correct 2023 Exam (elaborations) Texas Life Insurance Exam Question and answers rated A+ 2023 Exam (elaborations) Life & Health License Test Texas Exam FX Questions with complete solution 2023 Exam (elaborat

Life Insurance Exam (Texas) Question and answers rated A+ 2023 Insurance (General concept) - correct answer - 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 C...

Texas Life Insurance Exam Question and answers 100% correct 2023 Convertible Term Life Insurance - correct answer This optional form of term life insurance lets the policyowner convert the policy to a whole life policy without having to prove insurability. Ordinary Life Insurance - correct ...

Texas Life Insurance Exam Question and answers already solved 2023 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 - correct answer P receives the policy and pays the premium A potential client, a...

Texas life Insurance exam Question and answers 2023 verified to pass *claimant* - correct answer a person who submits a claim for payment of benefits dividend - correct answer a payment made by a policy (distribution of profits or returned of unused funds) lapse - correct answer po...

Texas Life and Health Insurance Exam Question and answers already solved 2023 What type of reinsurance contract involves two companies automatically sharing their risk exposure? - correct answer Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will...

FINAL EXAM REVIEW - Texas life and health Questions with complete solution 2023 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 - correct answer pay the policy procee...

Texas life insurance exam Question and answers rated A+ 2023 Which type of life policy contains a monthly mortality charge as well as self-directed investment choices? - correct answer Variable Universal Life Insurance contracts are known as because certain future conditions or acts must oc...

Texas Life Insurance Exam (LIFE REVIEW) Question and answers 100% correct 2023 When does a Term Life policy mature? - correct answer Upon the Insured's death within the policy term. The amount that the beneficiary will receive if the Insured dies is called the: - correct answer Face Val...

Texas Health and Life Insurance Exam Question and answers already passed 2023 Why does an insurer have a 2-year suicide clause? a) because the commissioner of insurance requires it. b) suicide is never paid for in life insurance. c)to prevent payment of an immediate claim for a person contempl...

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) 2023 verified 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...

Texas Life and Health Insurance Exam Question and answers rated A+ 2023 Which of these characteristics is consistent with a Straight Life Policy? - correct answer Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typ...

Texas Life Insurance Law Questions with complete solution 2023 Life insurance Advertising may not imply that life insurance is: - correct answer An Investment or is like shares of stock Advertising may not imply that policyholders will receive: - correct answer Special benefits not state...

Texas Life, Accident, and Health Insurance Question and answers 100% correct 2023 risk - correct answer chance of loss speculative risk - correct answer -involves the chance of gain or loss and is NOT insurable -ex: gambling pure risk - correct answer involves only the chance of l...

Texas Life Insurance Glossary Question and answers already solved 2023 Absolute Assignment - correct answer A transfer by the policyholder of all control and rights to a third party. Accumulation at Interest Option - correct answer A dividend or settlement option under which the policyho...