Funeral Prearrangement license exam questions well answered graded A+

Funeral Prearrangement license examLegal reserve life insurance Agent - correct answer A funeral prearrangement life insurance agent must be supervised by a _____ who's company holds a seller's permit $15,000.000 - correct answer The maximum initial guaranteed death benefit that a funeral prearrangement life insurance may sell is ____ Appointing insurance company - correct answer A funeral prearrangement life insurance agent license expires when the agent ceases to represent the _______ 60 months - correct answer When an application for and insurance agent license is denied, except for failure to pass the exam, the applicant can not reapply for ________ (length of time) fail(s) to remit premiums to the insurance company - correct answer A agents insurance license can be suspended or revoked if the agent _____ General Price List (GPL) - correct answer Must be offered at the beginning of a sales presentation for funeral services/goods The GPL - correct answer Must be given to consumer to keep Sellers permit number - correct answer GPL must include funeral providers name, address, effective date of list, but not ______ Identical wording - correct answer The required disclosure for the GPL must use the _____ given in the FTC Funeral Rule Embalming is optional - correct answer Part of a prearranged funeral sale you must disclose that ________ when burial is immediate Alternative Containers - correct answer The GPL must disclose the availability of ____ for cremation Price each item or service - correct answer The GPL must _____ separately Funeral Director - correct answer The basic services of ____ cannot be declined by purchaser Purchase of casket - correct answer The FTC funeral rule prohibits funeral providers from requiring _____ for direct cremation one - correct answer Funeral provider must keep a copy of price list on file for ___ year(s) after its last distribution to a consumer Texas department of banking - correct answer Prepaid funeral benefits contract forms must be approved by __________ 30 - correct answer A copy of an insurance funded prepaid funeral contract must be provided to the purchaser within ______ (days) from when it was signed 30 days - correct answer Premiums collected for insurance policies funding or paid funeral benefits must be remitted to the insurance company within _____ Premium - correct answer A contract seller's permit may be cancelled for failing to provide ________ remittance evidence requested by the Banking Department 60 Days - correct answer After a trust funded contract is converted to an insurance funded contract the purchaser may revert back to the original trust fund at any time during the next ? Grace - correct answer The provision that is permitted in an insurance policy used to fund a contract which is being converted from a trust funded contract is the ________ period provision. 100% - correct answer When a seller applies to convert existing contracts from trust funded to insurance funded contracts ________ of the seller's business must be converted Annuities - correct answer In a conversion from a trust funded to insurance funded contracts ________ are the funding device that will be used for the new contracts. Contract - correct answer The purchaser of a prepaid funeral benefits contract may be given the option to irrevocably waive the purchaser's right to cancel the?