Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only

Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only
Question 1
Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary?
Life income
Question 2
A new agent must complete at least _____ hours of continuing education within 24 months of initial
license? 24 hours
Question 3
L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer discovers
that L has understated range on the application. Under the misstatement of age provision the insurer
will? Adjust the death benefits to a reduced amount
Question 4
An example of false advertising would be? And insurer exaggerating in dividends in a
magazine advertisement
Question 5
With whom an agent legally share commissions? Another agent with the same line of
insurance
Question 6
Insurance agent as a fiduciary responsibility to all of the following EXCEPT? Other
agents
Question 7
Which of these is not an example of doing insurance business? Selling shares of stock
Question 8
taking receipt of premiums and holding them for the insurance company is an example of? answer> Fiduciary responsibility

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