Texas insurance license - Study guides, Class notes & Summaries

TEXAS INSURANCE LICENSE EXAM

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

A funeral prearrangement life insurance agent must be supervised - Correct Answer-By a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - Correct Answer-$15,000 A funeral prearrangement life insurance agent license expires when the agent - Correct Answer-Fails to submit a biannual renewal application and fee When an application for an insurance agent license...

TEXAS INSURANCE LICENSE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

TEXAS INSURANCE LICENSE EXAM PREP P&C EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

Susie set fire to her house to collect the insurance. This is an example of a(n) - MORAL HAZARDS Henry's tires on his SUV are so worn that the steel belt is showing through the tread. The condition of the tires is known as - PHYSICAL HAZARDS When a driver of an auto breaks the posted speed limit, the driver's liability imposed by the law is known as - ABOSLUTE LIABILITY Under compensatory damages, medical expenses are an example of - SPECIAL damages. Josh attends a hockey game. While at ...

Which of the following individuals MUST be licensed as an agent? - A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? - The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary license to which of the following individuals? - A surviving spouse of a deceased agent A person is required t...

Jurisprudence Exam Questions and Answers with Certified Solutions 2. What is the composition of the SBDE? What are the qualifications and length of term for appointees to the Boards? Who appoints or elects Board members? Do members need to be confirmed by the Senate? Who can be President of the Board? R&R Page 1 and Page 2 • The SBDE is composed of 15 members appointed by the governor with the advice and consent of the senate; 8 reputable dentists and 2 reputable dental hygienist who reside i...

Texas Insurance License Exam Prep P&C || All Questions & Answers (Graded A+) Texas Insurance License Exam Prep P&C || All Questions & Answers (Graded A+) What are 3 subjects an auto policy covers? - ANSWER - 1. Body 2. The vehicle 3. Assets Bodily Injury Types - ANSWER - Personal Injury Med Pay Uninsured Motorist No Fault Insurance - ANSWER - State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is r...

TEXAS INSURANCE LICENSE QUESTIONS AND COMPLETE WELL EXPLAINED ANSWERS WITH RATIONALE 100% CORRECT VERIFIED BY EXPERTS AND GRADED A+ LATEST UPDATE 2024[ALREADY PASSED] Jack sends in an auto insurance application with the required premium. The submission of the premium is an example of _CONSIDERATION. Tom has completed an auto insurance application and sent it to the insurance company. Under contract law, the submission of the auto application is a(n) INITIAL OFFER. Susie set fire to her house ...