11 - Texas Laws and Rules Pertinent to Insurance.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/11%20-%20Tex
Texas Laws and Rules Pertinent to Insurance
Questions & Answers
1. Which of the following is a requirement for obtaining aTX insurance agent's
license?
- be honest, trustworthy, and reliable
- be at least 21 years old
- be a college graduate
- be a high school graduate
Answer Be honest, trustworthy, and reliable
-
2. Which of the following is NOT included in a life insurance illustration?
- Underwriting classification upon which the illustration is based
- Insurer's name
- Amount of death benefit
- Company's mortality table
Answer Company's mortality table
-
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,11 - Texas Laws and Rules Pertinent to Insurance.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/11%20-%20Tex
3. Which of these is NOT an example of doing insurance business?
- Selling shares of stock
- Receiving an insurance application
- Collecting insurance premium
- Delivering an insurance policy
Answer Selling shares of stock
-
4. In TX, which of these statements regarding the Suicide clause is TRUE?
- an insurer may not use suicide as a defense against payment after the first
year
- an insurer must always pay a death benefit when the cause of death was
suicide
- an insurance company may only deny a suicide death claim if an exclusionary
rider is attached to the policy
- an insurer may not use suicide as a defense against payment after the second
year
Answer An insurer may not use suicide as a defense against payment after the second
year
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5. B, an insurance agent, tells his clients that their rights may be impaired if
they fail to complete a release form within a given period of time. B may be
found guilty of
- boycotting
- rebating
- coercion
- discrimination
Answer coercion
-
6. An example of false advertising would be
- paid testimonials from celebrity endorsements
- an insurer exaggerating its dividends in a magazine advertisement
- a producer spending more than $25 on marketing gifts for a client
- an insurer advertising in an insurance trade journal
Answer An insurer exaggeratingits dividends in a magazine advertisement
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