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TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM
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  • TEXAS HEALTH AND LIFE INSURANCE

TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM

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  • December 10, 2024
  • Unknown
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • texas health and life insurance examfx 2025 latest

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  • TEXAS HEALTH AND LIFE INSURANCE
  • TEXAS HEALTH AND LIFE INSURANCE

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TEXAS HEALTH AND LIFE INSURANCE EXAMFX 2025
LATEST UPDATE EXPERT VERIFIED QUESTIONS AND
ANSWERS REAL EXAM

WhatYisYtheYpurposeYofYtheYbuyer'sYguide?
A.ToYAllowYtheYconsumerYtoYcompareYtheYcostsYofYdifferentYpolicies
B.YToYprovideYtheYnameYandYaddressYofYtheYagent.
C.YtoYlistYallYpolicyYriders.
D.YToYprovideYinformationYaboutYtheYpolicy.Y-YcorrectYanswer-
A.ToYAllowYtheYconsumerYtoYcompareYtheYcostsYofYdifferentYpolicies


WhichYofYtheYfollowingYbestYdescribesYtheYconceptYthatYtheYinsuredYpaysYaYsmallYamountYofYpremiumYfo
rYaYlargeYamountYofYriskYonYtheYpartYofYtheYinsuranceYcompany?
AAdhesion
BSubrogation
CWarranty
DAleatoryY-YcorrectYanswer-D.YAleatory


WhatYisYtheYpurposeYofYaYconditionalYreceipt?


AItYisYgivenYbyYtheYagentYonlyYtoYapplicantsYwhoYfullyYprepayYallYscheduledYpremiumsYinYadvanceYofYpo
licyYissue.


BItYisYintendedYtoYprovideYcoverageYonYaYdateYearlierYthanYtheYdateYofYtheYissuanceYofYtheYpolicy.


CItYguaranteesYtheYapplicantYthatYaYpolicyYwillYbeYissuedYinYtheYamountYappliedYforYinYtheYapplication.


DItYservesYasYproofYthatYtheYagentYhasYdeterminedYtheYapplicantYtoYbeYfullyYinsurableYforYcoverageYbyYth
eYinsuranceYcompany.Y-YcorrectYanswer-
BItYisYintendedYtoYprovideYcoverageYonYaYdateYearlierYthanYtheYdateYofYtheYissuanceYofYtheYpolicy.

,WhichYofYtheYfollowingYisYNOTYtheYconsiderationYinYaYpolicy?
ATheYpromiseYtoYpayYcoveredYlosses
BTheYapplicationYgivenYtoYaYprospectiveYinsured
CSomethingYofYvalueYexchangedYbetweenYparties
DTheYpremiumYamountYpaidYatYtheYtimeYofYapplicationY-YcorrectYanswer-
B.YTheYapplicationYgivenYtoYaYprospectiveYinsured.


AnYinsurerYreceivesYaYreportYregardingYaYpotentialYinsuredYthatYincludesYtheYinsured'sYfinancialYstatus,Yho
bbiesYandYhabits.YWhatYtypeYofYaYreportYisYthat?
AAgent'sYReport
BUnderwriter'sYReport
CInspectionYReport
DMedicalYInformationYBureau'sYreportY-YcorrectYanswer-C.YInspectionYReport


TheYfullYpremiumYwasYsubmittedYwithYtheYapplicationYforYlifeYinsurance,YandYtheYpolicyYwasYissuedYtwoY
weeksYlaterYasYrequested.YWhenYdoesYtheYpolicyYcoverageYbecomeYeffective?
AAsYofYtheYpolicyYdeliveryYdate
BAsYofYtheYfirstYofYtheYmonthYafterYtheYpolicyYissue
CAsYofYtheYpolicyYissueYdate
DAsYofYtheYapplicationYdateY-YcorrectYanswer-DYAsYofYtheYapplicationYdate.


InYtermsYofYpartiesYtoYaYcontract,YwhichYofYtheYfollowingYdoesYNOTYdescribeYaYcompetentYparty?
ATheYpersonYmustYbeYmentallyYcompetentYtoYunderstandYtheYcontract.
BTheYpersonYmustYhaveYatYleastYcompletedYsecondaryYeducation.
CTheYpersonYmustYnotYbeYunderYtheYinfluenceYofYdrugsYorYalcohol.
DTheYpersonYmustYbeYofYlegalYage.Y-YcorrectYanswer-
B.YTheYpersonYmustYhaveYatYleastYcompletedYsecondaryYeducation.


WhichYofYtheYfollowingYisYNOTYanYexampleYofYinsurableYinterest?
AEmployerYinYemployee
BChildYinYparent

,CDebtorYinYcreditor
DBusinessYpartnersYinYeachYotherY-YcorrectYanswer-C.YDebtorYinYcreditor


AnYinsurerYneglectsYtoYpayYaYlegitimateYclaimYthatYisYcoveredYunderYtheYtermsYofYtheYpolicy.YWhichYofYth
eYfollowingYinsuranceYprinciplesYhasYtheYinsurerYviolated?
ARepresentation
BAdhesion
CConsideration
DGoodYfaithY-YcorrectYanswer-C.YConsideration


WhichYofYtheYfollowingYincludesYinformationYregardingYaYperson'sYcredit,Ycharacter,Yreputation,YandYhabi
ts?
AConsumerYhistory
BInsurabilityYreport
CAgent'sYreport
DConsumerYreportY-YcorrectYanswer-D.YConsumerYReport


BecauseYanYinsuranceYpolicyYisYaYlegalYcontract,YitYmustYconformYtoYtheYstateYlawsYgoverningYcontractsY
whichYrequireYallYofYtheYfollowingYelementsYEXCEPT
AConsideration.
BLegalYpurpose.
COfferYandYacceptance.
DConditions.Y-YcorrectYanswer-D.YConditions


TheYFederalYFairYCreditYReportingYAct
ARegulatesYtelemarketing.
BPreventsYmoneyYlaundering.
CRegulatesYconsumerYreports.
DProtectsYcustomerYprivacy.Y-YcorrectYanswer-C.YRegulatesYconsumerYreports

, IfYanYapplicantYforYaYlifeYinsuranceYpolicyYandYpersonYtoYbeYinsuredYbyYtheYpolicyYareYtwoYdifferentYpeop
le,YtheYunderwriterYwouldYbeYconcernedYabout
AWhichYindividualYwillYpayYtheYpremium.
BWhetherYanYinsurableYinterestYexistsYbetweenYtheYindividuals.
CTheYgenderYofYtheYapplicant.
DTheYtypeYofYpolicyYrequested.Y-YcorrectYanswer-
B.YWhetherYanYinsurableYinterestYexistYbetweenYtheYindividuals.


AllYofYtheYfollowingYareYdutiesYandYresponsibilitiesYofYproducersYatYtheYtimeYofYapplicationYEXCEPT
AChangeYanyYincorrectYstatementYonYtheYapplicationYbyYpersonallyYinitialingYnextYtoYtheYcorrectedYstate
ment.
BExplainYtheYnatureYandYtypeYofYanyYreceiptYtheYproducerYisYgivingYtoYtheYapplicant.
CProbeYbeyondYtheYstatedYquestionsYifYtheYproducerYfeelsYtheYapplicantYisYmisrepresentingYorYconcealing
Yinformation.



DCheckYtoYmakeYsureYthatYthereYareYnoYunansweredYquestionsYonYtheYapplication.Y-YcorrectYanswer-
A.YChangeYanyYincorrectYstatementYonYtheYapplicationYbyYpersonallyYinitialingYnextYtoYtheYcorrectedYstate
ment.


WhichYofYtheYfollowingYwouldYbeYconsideredYaYnonmedicalYinsuranceYapplication?
AAnYapplicationYthatYdoesYnotYaskYanyYquestionsYaboutYtheYapplicant'sYmedicalYhistory
BAnYapplicationYsubmittedYwithYtheYAgent'sYReport
CAnyYapplicationYforYlifeYinsurance
DAnYapplicationYonYwhichYtheYmedicalYinformationYisYcompletedYbyYtheYapplicantYandYtheYagentYonly.Y-
YcorrectYanswer-

D.YAnYapplicationYonYwhichYtheYmedicalYinfoYisYcompletedYbyYtheYapplicantYandYagentYalone.


WhichYofYtheYfollowingYproductsYrequiresYaYsecuritiesYlicense?
A.YEquityYIndexedYAnnuity
B.YDeferredYAnnuity
C.YVariableYAnnuity
D.YFixedYAnnuityY-YcorrectYanswer-C.YVariableYAnnuity


WhichYofYtheYfollowingYproductsYwillYprotectYanYindividualYfromYoutlivingYhisYorYherYmoney?

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