Texas life insurance law - Study guides, Class notes & Summaries

Texas Life Insurance Law Questions with complete solution 2023 Life insurance Advertising may not imply that life insurance is: - correct answer An Investment or is like shares of stock Advertising may not imply that policyholders will receive: - correct answer Special benefits not stated in the policy Future dividends may not be advertised as being: - correct answer Guaranteed Advertisements may not state that insurer: - correct answer Profits from policy lapses or surre...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

TEXAS NURSING JURISPRUDENCE AND ETHICS FOR TEXAS NURSES FINAL TEST According to BON Position Statement 15.24 Engaging in Reinsertion of Permanently Placed Feeding Tubes, it would be within the scope of practice for a nurse to replace a gastrostomy tube provided that A. the tube has been in place for 8-12 weeks, the nurse has a physician's order to replace the tube, and the nurse has completed specific competency training to safely replace the tube. B. the tube has been in place ...

Texas Penal Code practice exam, Traffic,TCOLE Review Questions and Answers 2023 A person commits which offense if he intentionally or knowingly abducts another person with intent to terrorize him. - aggravated kidnapping Texas has jurisdiction of an offense for a person's conduct of another if: - -conduct outside TX constitutes an attempt to commit an offense inside TX -conduct outside TX constitutes a conspiracy to commit an offense inside TX and an act in furtherance occurs in TX -con...

A policyowner can access the cash value of many life insurance policies through withdrawals, loans or policy surrender. Which of the following terms describes the ability to easily convert life insurance into cash? - Liquidity. Life insurance policy proceeds are protected from the claims of creditors due to the policy's: - Spendthrift clause. Which of the following is an insurable risk? - The possibility of becoming disabled and unable to earn an income. When pricing health insurance p...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

Life and Health Insurance Exam 1 Questions and Answers Already Passed UNIT 1: The term used to describe the individual who is covered by the insurance is A. insurer B. insured C. policyowner D. risk B Which of the following is a risk? A. A car may need to have new brakes installed after several years of regular driving. B. An individual may need medical attention after slipping on the ice and falling. C. Both are examples of risk. D. Neither is an example of risk. B The estimation of fu...

Preneed Prep Exam Prep Questions With Complete Solutions Latest Updated 2024/2025 (100% CORRECT)Joint Memorandum - Who What When Why - Answer- Who: DOB, FSC, TDI What: A joint agreement that established specific area of responsibilities for prepaid funeral svc . When: 1995 Why : its creation was mandated by the Texas Civil Statutes What is a preneed Funeral contract - Answer- Any written contract of agreement, funded by an insurance policy, annuity contract or trust deposit, for the p...

Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers Insurance The transfer of the possibility of a loss (risk) from an individual or business to an insurance company, which in turn spreads the costs of unexpected losses to many individuals Law of Large Numbers The larger the number of people with a similar exposure to loss, the more predictable actual losses will be Law of Large Numbers Example When issuing a policy on a 35 year old male, the insurance co...