TEXAS HEALTH AND LIFE INSURANCE EXAM

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TEXAS HEALTH AND LIFE INSURANCE EXAM

Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -100 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: In order to have Medicare part C the individual must have?

a) A, B and D

b) A only

c) A and B

d) B only

Answer:

Answer: C

A and B Question 2: If an applicant or insured discovers error in their credit report, the fair credit reporting act requires the following to correct the report?

• applicant/insured
• producer
• credit reporting agency
• underwriter

Answer:

Answer: C

Credit reporting agency

Question 3: Which of these cannot sign or request a change in an insurance contract?

• policy owner
• insured
• executive officer of insurer
• producer of insurer

Answer:

Answer: D

Producer of insurer Question 4: A business owner buys a disability income policy paying $2000 per month which of these riders could be used to increase the benefits as his business grows without having to prove insurability?

• elimination period
• guaranteed purchase option
• impairment rider
• waiver of premium

Answer:

Answer: B

guaranteed purchase option Question 5: G has a life policy with his wife listen as primary beneficiary. They both die in a car accident. They don't know who died first. According to the Uniform Simultaneous Death Act where will the policy proceeds be paid?

• wife's estate
• g's estate
• g's next of kin
• wife's next of kin

Answer:

Answer: B

G's estate

Question 6: What is not necessary to contract?

• agreement
• consideration
• negotiation
• legal purpose

Answer:

Answer: C

Negotiation Question 7: What happens to the cash values in a whole life policy if an insured is disabled and the waiver of premium riders becomes active?

• it is reduced for each payment made by the rider
• cash value and dividends continue to increase just as if the regular premium payments have

been made

• it is increased for each payment made by the rider
• the cash value remains unchanged, until the insured is no longer disabled

Answer:

Answer: B

Cash value and dividends continue to increase just as if the regular premium payments have been made Question 8: A corporation hires a new president. Concerned about losing him in an accident or to an illness. All of these would be true, except?

• the employer would request a key person plan
• the employee picks the beneficiary
• the employee must sign the application
• employer is the applicant/owner

Answer:

Answer: B

The employee picks the beneficiary

Question 9: How many hours of continuing education hours must be ethics per renewal period?

• 24
• 10
• 12
• 2

Answer:

Answer: D

2

Question 10: Which of the following is NOT a non forfeiture option?

• reduced paid up
• extended term
• cash surrender
• life income

Answer:

Answer: D

Life income Question 11: After an investigation, an insurer denies a false claim. The insurer must?

• terminate policy as of claim date
• provide a reasonable explanation
• immediately terminate the policy back to issue date
• wait until the renewal to non renew the policy

Answer:

Answer: B

Provide a reasonable explanation