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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$21.99
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INS
Institution
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INS
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
TEXAS GENERAL LINES LIFE,
ACCIDENT AND HEALTH
INSURANCE
Question 1:
What is the primary purpose of the Texas Life and Health Insurance Guaranty
Association?
A) To provide health insurance coverage for individuals without pre-existing
conditions.
B) To protect policyholders from losses in the event that an insurance company
becomes insolvent.
,C) To regulate insurance premiums for life and health policies.
D) To offer discounts on life insurance premiums for Texas residents.
Correct Answer: B) To protect policyholders from losses in the event that an
insurance company becomes insolvent.
Question 2:
Under Texas law, which of the following is a requirement for a life insurance policy to
be considered in force?
A) The policy must be issued with a minimum face amount of $100,000.
B) The first premium payment must be made within 30 days of the policy date.
C) The insured must be a Texas resident at the time of application.
D) The policy must include a waiver of premium rider.
Correct Answer: B) The first premium payment must be made within 30 days of the
policy date.
Question 3:
Which of the following statements about the "free look" period in life insurance
policies in Texas is true?
A) It allows the insured to cancel the policy for a full refund within 30 days of
purchase.
B) It is only applicable to health insurance policies.
C) The free look period can be waived if the applicant agrees in writing.
D) The duration of the free look period is 10 days for all policies.
Correct Answer: A) It allows the insured to cancel the policy for a full refund within
30 days of purchase.
Question 4:
,What is the minimum requirement for an individual to qualify for a health insurance
policy in Texas?
A) Must be a resident of Texas for at least 12 months.
B) Must have a minimum annual income of $30,000.
C) Must provide evidence of insurability.
D) Must be under the age of 65.
Correct Answer: C) Must provide evidence of insurability.
Question 5:
In Texas, which of the following is NOT a type of health insurance policy typically
offered?
A) Major medical insurance
B) Short-term disability insurance
C) Supplemental dental insurance
D) Universal life insurance
Correct Answer: D) Universal life insurance
Question 6:
Which of the following is true regarding accidental death and dismemberment
(AD&D) insurance in Texas?
A) AD&D insurance is mandatory for all employers in Texas.
B) The benefit is only paid if the death occurs within 90 days of the accident.
C) It covers loss of limbs, eyesight, and life due to accidents.
D) AD&D policies can only be purchased by individuals aged 18 to 65.
Correct Answer: C) It covers loss of limbs, eyesight, and life due to accidents.
, Question 7:
What is the primary function of the Texas Department of Insurance?
A) To provide life insurance policies to Texas residents.
B) To regulate and oversee the insurance industry within the state.
C) To serve as a claims processor for all health insurance policies.
D) To offer financial assistance for uninsured individuals.
Correct Answer: B) To regulate and oversee the insurance industry within the state.
Question 8:
Which of the following is a provision that allows policyholders to receive a portion of
their life insurance policy’s cash value while they are still alive?
A) Death benefit
B) Dividend
C) Loan provision
D) Accidental death benefit
Correct Answer: C) Loan provision
Question 9:
In Texas, what is the maximum age at which a minor can apply for a life insurance
policy without requiring parental consent?
A) 12 years
B) 16 years
C) 18 years
D) 21 years
Correct Answer: C) 18 years
Question 10:
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