TEXAS LIFE AGENT EXAM - 35 QUESTION EXAM QUESTIONS

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TEXAS LIFE AGENT EXAM - 35 QUESTION EXAM QUESTIONS

Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -35 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: 4. A life insurance illustration is REQUIRED to include the:

• loan values

?. beneficiary

• initial death benefit
• company's mortality table

Answer:

• initial death benefit

Question 2: 3. Life insurance policies contain a grace period, after the first premium payment, of what length of time?

• 15 days

?. 1 month ?. 45 days

• 2 months

Answer:

?. 1 month

Question 3: 6. For an insurance company to transact business in Texas, which of the following MUST be true?

• It must employ resident agents.
• It must hold a certificate of authority issued by Texas.
• Its underwriting and claims facilities must be located in Texas.
• Its articles of incorporation must be filed with the Texas Secretary of State.

Answer:

• It must hold a certificate of authority issued by Texas.

Question 4: Which of the following terms BEST describes a false or derogatory statement intended to cause injury to a person engaged in the insurance business??. Rebating

• Defamation
• Collusion
• Boycotting

Answer:

• Defamation

Question 5: 1. A foreign insurance company is one that is incorporated:

• under Texas law
• under the laws of another state
• in a territory of another country
• outside the United States (US)

Answer:

• under the laws of another state

Question 6: 2. Individual licensees who change their residence address must notify the

Commissioner of Insurance of the change within a:

• week
• month

?. quarter

• year

Answer:

• month

Question 7: 10. To renew a General Lines Life, Accident and Health Agent's license, the Texas Department of Insurance requires the agent to complete a MINIMUM of how many hours of continuing education per renewal period??.10

• 15
• 20
• 24

Answer:

• 24

Question 8: 23. An agent whose license has been revoked is required to:

• wait at least five years before applying for a new license

?. submit all previously written policies to the Commissioner of Insurance's office for servicing of the accounts

• cancel all policies currently in effect and advise the insureds to place them elsewhere
• continue to service existing accounts but not solicit new business

Answer:

• wait at least five years before applying for a new license

Question 9: 25. Which of the following is defined as doing insurance business?-

• Selling mutual funds

?. Setting appointments

• Delivering an insurance contract to a Texas resident
• Accepting a claim form

Answer:

• Delivering an insurance contract to a Texas resident

Question 10: 21. Which of the following is an example of rebating?

• Returning a portion of a premium as inducement to purchase insurance

?. Cancellation of an insurance policy without a cause

• Sale of mass-marketed insurance products
• Offer of temporary insurance coverage

Answer:

• Returning a portion of a premium as inducement to purchase insurance

Question 11: 8. A group life insurance policy sponsored by an employer in the state of Texas requires that a MINIMUM of how many employees be covered?

• 2

?. 15

• 25
• 35

Answer:

?. 15 Question 12: 17. Which of the following actions by an insurance company is considered an unfair claims practice??. Denying coverage

• Requiring an insured to submit Proof of Loss
• Paying a claim after a reasonable investigation