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
PRACTICE EXAM OF TEXAS LIFE & HEALTH INSURANCE. "SECTION 1- TEXAS COMMON LAW" QUESTIONS AND ANSWERS $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. TEXAS LIFE & HEALTH INSURANCE
  4.  
  5. TEXAS LIFE & HEALTH INSURANCE

Exam (elaborations)

PRACTICE EXAM OF TEXAS LIFE & HEALTH INSURANCE. "SECTION 1- TEXAS COMMON LAW" QUESTIONS AND ANSWERS
 8 views  0 purchase
  • Course
  • TEXAS LIFE & HEALTH INSURANCE
  • Institution
  • TEXAS LIFE & HEALTH INSURANCE

PRACTICE EXAM OF TEXAS LIFE & HEALTH INSURANCE. "SECTION 1- TEXAS COMMON LAW" QUESTIONS AND ANSWERS

Preview 2 out of 7  pages

Document information

  • September 5, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • practice exam of texas life health insurance s

Written for

  • TEXAS LIFE & HEALTH INSURANCE
  • TEXAS LIFE & HEALTH INSURANCE

Seller

avatar-seller
biggdreamer

Reviews received

Content preview

PRACTICE EXAM OF TEXAS LIFE &
HEALTH INSURANCE. "SECTION 1-
TEXAS COMMON LAW" QUESTIONS
AND ANSWERS
1) A person appointed by an insurer to solicit or sell insurance on their behalf in this
state is known as a(n):
A- Adjuster
B- Agent
C- Broker
D- Solicitor - Answer-B- Agent

1) Texas resident agents must complete _____ hours of continuing education every two
years.
A- 10
B- 40
C- 24
D- 20 - Answer-C- 24

1) Which of the following is NOT prohibited under the Unfair Practices section of
insurance law:
A- Making false oral statements about the financial condition of a person which are
calculated to injure that person
B- Readjusting group premium rates based on loss or expense experience
C- Misleading or false statements about dividends previously paid on an insurance
policy
D- Discriminating between insurance applicants on the basis of gender - Answer-B-
Readjusting group premium rates based on loss or expense experience

1) An insurance company can have rates based on:
A- Gender
B- Ethnic background
C- Religion
D- Nationality - Answer-A- Gender

1) Forcing a client to buy insurance from a particular lender as a condition of granting a
loan is defined as:
A- Defamation
B- Rebating
C- Misleading advertising
D- Coercion - Answer-D- Coercion

1) Shareholders own a ___________ insurer:

, A- Stock
B- Fraternal
C- Reciprocal
D- Mutual - Answer-A- Stock

1) An insurance company authorized to sell insurance in Texas, but with their home
office in Illinois, is called a/an:
A- Alien company
B- Domestic company
C- Foreign company
D- Surplus company - Answer-C- Foreign company

1) Regarding Claims Methods and Practices, all of the following are true EXCEPT:
A- Insurers cannot deny unsubstantiated claims
B- Insurers must conduct a reasonable investigation prior to denial of a claim
C- Insurers may settle a claim by attempt to reach a compromise
D- Insurers cannot require insureds to pay the costs of a claims investigation - Answer-
A- Insurers cannot deny unsubstantiated claims

1) All of the following are true regarding the federal Fair Credit Reporting Act EXCEPT:
A- It applies to credit reports ordered in connection with insurance, banking and
employment
B- Insurers are not required to give customers a copy of the report
C- Reports may be sent to anyone who requests one
D- The customer must be notified if adverse action is taken as a result of a report -
Answer-C- Reports may be sent to anyone who requests one

1) No licensee whose license has been denied, refused or revoked can file another
licensing application with the Commissioner for at least ____ years:
A- 5
B- 4
C- 2
D- 3 - Answer-A- 5

1) All could be considered rebates EXCEPT:
A- Employment
B- Dividends
C- Securities
D- Commissions - Answer-B- Dividends

1) To become a Texas insurance agent, you must:
A- Pass an exam
B- Have resided in Texas for at least one year
C- Post a bond
D- File your personal financial statement with the Commissioner - Answer-A- Pass an
exam

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 biggdreamer. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80461 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
$13.49
  • (0)
  Add to cart