TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP ACTUAL QUESTIONS AND ANSWERS

TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP ACTUAL QUESTIONS AND ANSWERS Health insurance coverage under COBRA, HIPAA guarantees that the person will All the following statements about ordinary (or straight) whole life insurance are correct Which activity in NOT an error or omission that makes an agent or producer legally to both the insurance and the insure All the following statements about the taxation of annuities are correct EXEPT: Which of the following statements about utmost good faith in insurance is correct Which annuity settlement option pays income for the annuitant's life, but no less than for a specified number of year Tim has paid only four premium totally $1000 on his health insurance policy when he was diagnosed with cancer. The insurance company paid more than $100.000 to cover the medical bills for his treatments which of the following characteristics of insurance contracts Jack, an insurance agent, offers free season football tickets to anyone who buys a life insurance policy from him. This sales practice is called After Todd was injured in a car crash, he received occupational theyto help him return to work. His disability income policy paid for this therapy because it had If a small employer insurance decides to terminate all small employer health benefits plans it issues in TEXAS, it must notify the TEXAS commissioner and all affected employer of its intent to do so at least Contract characteristics is unique to insurance contracts but NOT all contracts When first meeting prospective insurance applicants, a producer must give them a document that explains the general features, benefits, and condition of type of insurance being considered. Which is called a Abby, who life in New York she is a licensed life insurance agent , wants to apply fo a nonresident license in Texas. To do so, she must submit which of the following to TDI Amanda used a basic illustration to help Mark. a potencial cliente, de understand how the cash value of his life insurance policy would grow. Mark then agreed to buy the policy. Which of the following best describes Amanda's duties which respect to delivering a copy of the illustration used With respect to the transfer-for-value rule, which of the following situations would result in the new owner being subject to tax on the policy's gain upon the insured's death Which of the following describes the options available with a universal life insurance policy the owner no longer wishes to maintain A section 125 cafeteria plan may cover which of these expenses An insurance producer tells a life insurance applicant that he has the authority to waive the medical exam that is normally required by the insurer with every application. The insurer may be required to accept the application without a medical exam due to the producers: A long-term care rider on a life insurance policy will pay benefits if the insured is diagnosed as chronically ill due to which of the following? Which federal law group health plans and protects their enrollees