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TEXAS INSURANCE LICENSE EXAM 3 LATEST VERSIONS (VERSION A, B AND C) ACTUAL EXAM COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!$32.49
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TEXAS INSURANCE LICENSE EXAM 3 LATEST VERSIONS (VERSION A, B AND C) ACTUAL EXAM COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
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TEXAS INSURANCE LICENSE
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TEXAS INSURANCE LICENSE
TEXAS INSURANCE LICENSE EXAM 3 LATEST VERSIONS (VERSION A, B AND C) ACTUAL EXAM COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
TEXAS INSURANCE LICENSE EXAM 3 LATEST
VERSIONS (VERSION A, B AND C) 2024-2025 ACTUAL
EXAM COMPLETE 400 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
TEXAS INSURANCE LICENSE EXAM VERSION A
Which type of provider is known for stressing preventative
medical care and routine physical examinations? - ANSWER-
Health Maintenance Organizations (HMO's)
of continuing education MUST be completed in the classroom
or classroom equivalent. - ANSWER- 50%
A policy of adhesion can only be modified by whom? -
ANSWER- insurance company
Which statement is true regarding a minor beneficiary? -
ANSWER- Normally, a guardian is required to be appointed in
the Beneficiary clause of the contract
,2|Page
An underwriter determines that a life insurance applicant's risk
should be reclassified due to a health issue. This policy may be
issued with a(n). - ANSWER- extra premium
Which statement regarding the Change of Beneficiary provision
is true? - ANSWER- The policyowner can change the
beneficiary
The guarantee of insurability option provides a long-term care
policyowner the ability to: - ANSWER- buy additional coverage
at a later date
S wants to open a tax-exempt Health Savings Account. To
qualify for this type of account, Federal law dictates that S must
be enrolled in a: - ANSWER- High Deductible Health Plan
K buys a policy where the premium stays fixed for the first 5
years. The premium then increases in year 6 and stays level
thereafter, all the while the death benefit remains the same What
kind of policy is this? - ANSWER- Modified Whole Life
Which of the following is the reimbursement of benefits for the
treatment of a beneficiary's injuries caused by a third party? -
ANSWER- Subrogation
,3|Page
Which of the following provisions specifies how long a
policyowner's health coverage will remain in effect if the
policyowner does not pay the premium when it is due? -
ANSWER- grace period
C is a key employee at ABC Incorporated. If a Key Employee
life policy is purchased on her life, which of these statements
would be true? - ANSWER- ABC is the policyowner, C is the
insured, and ABC is the beneficiary
A Term Life rider offers the insured - ANSWER- additional life
coverage
Which of the following will a Long Term Care plan typically
provide benefits for? - ANSWER- home health care
P is looking to purchase a life insurance policy that will pay a
stated monthly income to his beneficiaries for 20 years after he
dies and a lump sum of $20,000 at the end of that 20 year
period. What type of policy should P purchase? - ANSWER-
Family Maintenance Policy
J was reviewing her Health Insurance policy and noticed the
phrase "This policy will only pay for a semi-private room". This
phrase is considered to be a(n) - ANSWER- internal limit
, 4|Page
All of the following statements about traditional individual
retirement accounts are false EXCEPT - ANSWER- 10%
penalty is applied to withdrawals before age 59 1/2
What action can a policyowner take if an application for a bank
loan requires collateral? - ANSWER- Assign policy ownership
to the bank
Which of the following actions may NOT be taken by an
insurance company to insure a substandard applicant for
disability income coverage? - ANSWER- Lengthen the
contestability period
A temporary agent's license issued by the Commissioner of
Insurance is valid for up to days. - ANSWER- 90
An insurer is NOT required to provide information on fraudulent
claims if requested by - ANSWER- an insured
To terminate an agent's appointment, an insurance company
must - ANSWER- send termination notice to the Texas
Department of Insurance
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