TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM

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TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM

PREP EXAM QUESTIONS

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

-Format: Multiple-choice / Flashcard

Question 1: The purpose of policy exclusions is to specify:

Answer:

Condiciones that the policy does not cover Question 2: HMOs must provide their subscribers (enrollees) with evidence of coverage, which must include all the following EXCEPT

Answer:

H

Question 3: Which statement about group health insurance is true

Answer:

Insurers may impose restrictions and exclusions on individual and group policies.

Question 4: Which is NOT a standard renew abilities provision

Answer:

Optionally cancelable Because the noncancellable, guaranteed renewable, conditionally renewable, optionally renewable, and cancelable provisions define the right to renew a health insurance policy.

Question 5: All of the following Statements about the fixed amount life insurance settlement option are correct EXCEPT

Answer:

Payments must be made on a monthly basis.Question 6: As a contract, health insurance policy requires all of the following elements

EXCEPT

Answer:

A deadline Question 7: Which activity in NOT an error or omission that makes an agent or producer legally to both the insurance and the insure

Answer:

Placing insurance with an approved surplus line insurer Question 8: Annuity contracts include a provision to pay a death benefit if the owner or annuitant doesn't before the contract annuitizes. What does this death benefit typically equal

Answer:

Either the contract's accumulated valued or the amount of premium the owner invested whichever is greater

Question 9: Care plan combines the features of others plans

Answer:

POS plan Points-of-service (POS) plan combine that the cost controles of an HMOS with the flexibility that a preferred provider organization (PPO) and traditional medical insurance policy have with respect to the selection of health care providers Question 10: When an applicant applies for insurance, a producer is Not required to

Answer:

determine the premium rate Question 11: When first meeting prospective insurance applicants, a producer must give them a document that explains the general features, benefits, and condition of type of insurance being considered. Which is called a

Answer:

Buyer's Guide

Question 12: Ginny's medical plan provides coverage for the newborn children from their date of birth. She adopts a 5-year-old child on July

• What benefits is she entitled to

Answer:

Automatic coverage for the first 31 years following adoption, after which Jenny must pay a premium.Question 13: Which of the following statements regarding the taxation of deaf benefits dead paid from a group life insurance plan is correct

Answer:

The death benefits is income tax free, but interest earned on found left with the insurer under a settlement option is taxable in the year earned Question 14: Which of the following describes the options available with a universal life insurance policy the owner no longer wishes to maintain

Answer:

Surrender the policy for its cash value or let the policy continue without premium until the cash value can no longer cover monthly deductions Question 15: Under Texas law, an individual life insurance policy may, but is Not required to, contain a(n)

Answer:

Accelerated benefits provision

Question 16: Medicare Part B benefits exclude coverage for

Answer:

G Question 17: Besides select policy anniversary dates, a life insurance guaranteed insurability rider usually permits special alternative option dates that typically include all the following,

EXCEPT

Answer:

The policyowner's loss of job Loss of a job is generally not a qualifying special event

Question 18: Alice Owen a long-term Carr policy, Her return of premium option allows her to have a portion of the premium

Answer:

Paid to her car estate or a named beneficiary when she dies A return of premium option in a LTC policy return a portion of the premium paid for the coverage to the insured dies. The amount of the returned premium depends on whether the insured used the policy's benefits and if so, to what extent.Question 19: With certain limitations, a policyowner may change all of the following in a life

insurance policy, EXCEPT:

Answer:

A Question 20: If a small employer insurance decides to terminate all small employer health benefits plans it issues in TEXAS, it must notify the TEXAS commissioner and all affected employer of its intent to do so at least

Answer:

At least 180 days before it ends coverage Question 21: All the following statements about the taxation of annuities are correct EXEPT:

Answer:

Qualified annuities are taxes no different than no qualified annuities Question 22: All of the following statements about indexed life insurance are correct EXCEPT

Answer:

Vaccinations Question 23: How does the conformity with state statues provision resolve provisions in a policy they conflict with the laws of the insured'd state.

Answer:

The policy will be automatically amended to comply with the laws of the insured's state

Question 24: Which of the following is correct about the HMO claims process

Answer:

Members no not need to Sumit claims forms for services provided within the network