Texas Life and Health Insurance Exam Questions and Answers Guide (Guaranteed Succes) Latest
Question : The Fair Credit Reporting Act is a Federal law
requiring an individual to be informed if that individual is
being investigated by an inspection company.
An insurance applicant MUST be informed of an
investigation regarding his/her reputation and character
according to the:
CORRECT ANSWER: Fair Credit Reporting Act
Question : The stated amount or percent of liquid assets that
an insurer must have on hand that will satisfy future
obligations to its policyholders is called reserves.
The stated amount or percent of liquid assets that an insurer
must have on hand that will satisfy future obligations to its
policyholders is called:
CORRECT ANSWER: Reserves
Question : Dividends payable to a policyowner are:
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