Tx general lines stuvia - Study guides, Class notes & Summaries

All the following statements about ordinary (or straight) whole life insurance are correct-ANSWER-The cash value remains level throughout the life of the policy Which activity in NOT an error or omission that makes an agent or producer legally to both the insurance and the insure-ANSWER-Placing insurance with an approved surplus line insurer All the following statements about the taxation of annuities are correct EXEPT:-ANSWER-Qualified annuities are taxes no different than no qualified an...

TX GENERAL LINES Life, Accident And Health Exam Prep Questions and Answers 100% Correct TX GENERAL LINES Life, Accident And Health Exam Prep Questions and Answers 100% Correct TX GENERAL LINES Life, Accident And Health Exam Prep Questions and Answers 100% Correct

Accidental Death and Dismemberment (AD&D) - ANSWER An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured dies, loses his/her sight, or loses two limbs due to an accident. Accidental Death Benefits - ANSWER A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - ANSWER An insurance policy that provides payment if...

All the following statements about the taxation of annuities are correct EXEPT: - ANSWER Qualified annuities are taxes no different than no qualified annuities Which of the following statements about utmost good faith in insurance is correct - ANSWER Both the insurance and the insurer must act in utmost good faith Which annuity settlement option pays income for the annuitant's life, but no less than for a specified number of year - ANSWER Life income with period certain Tim has paid ...

Which would be considered an Unfair Claims Practice under Texas Law? - ANSWER Failing to promptly provide a reasonable explanation for denial of claim payment. When a producer collects money on an application for insurance and puts it into a separate account from his/her own personal account. This would make that producer? - ANSWER Fiduciary As statement on a proof of loss or on an application which is guaranteed to be true in all respect and if found to be false could void the contract wo...

Health insurance coverage under COBRA, HIPAA guarantees that the person will - ANSWER-Have Acces to a guaranteed-issue individual health policy, regardless of health All the following statements about ordinary (or straight) whole life insurance are correct - ANSWER-The cash value remains level throughout the life of the policy Which activity in NOT an error or omission that makes an agent or producer legally to both the insurance and the insure - ANSWER-Placing insurance with an approved s...