TX GENERAL LINES LIFE HEALTH EXAM QUESTIONS

PDF Download TX GENERAL LINES LIFE & HEALTH EXAM QUESTIONS Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -100 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: All of these would be used to determine Premium for an individual disability income policy EXCEPT ?

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Job title Question 2: Providers that are paid on a fee for service Bases are part of what arrangement?

Answer:

PPO

Question 3: A false statement in an application is

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Misrepresentation Question 4: As statement on a proof of loss or on an application which is guaranteed to be true in all respect and if found to be false could void the contract would be called ?

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Warranty Question 5: A father buys and owns a life insurance policy on his 18 year old son. Who has to sign the application?

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father and son

Question 6: A cancer policy covers all of these except?

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Appendectomy Question 7: What is not used to determine Premium in a disability income policy?

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Spouses occupation Question 8: A grandparent purchases a life insurance policy on her granddaughter With the approval of parents. The grandparent is the owner and the premium Payor. This would be an example of?

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Third-party ownership Question 9: The company offers a $45,000 death benefit On a group life policy. How much of the premium does the company have to credit the employees As income?

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0% Question 10: Gambling and investing in the stock market are known as what type of risk?

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Speculative Risk Question 11: According to the Affordable Care Act all of these would be eligible for a catastrophic health plan EXCEPT?

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Those who can't afford insurance Question 12: Which of these would be considered a gate keeper When talking about health insurance?

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A primary care physician

Question 13: When writing an individual disability income policy The most important rating factor is?

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Avocation

Question 14: An HRA is NOT which of these ?

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100% Employee funded

Question 15: All of these are payment modes for health insurance except?

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single premium Question 16: How long is the grace period in an individual Life Insurance policy in Texas?

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31 days

Question 17: Credit life is insurance for which of these?

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Insurance on the life of the debtor

Question 18: HSA's are only available to these people?

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People who have high deductible health plans Question 19: What type of healthcare offers protection Two subscribers on a prepaid basis?

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HMO Question 20: A corporation hires a new president. Concerned about losing him in an accident or to an illness, All of these would be true except?

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The employee picks the beneficiary

Question 21: Which of the following would NOT be considered Transacting the business of insurance?

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Paying a claim

Question 22: What is the minimum coverage For long-term care policy in Texas

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12 Months Question 23: Statement made in an application for life insurance which is substantially true would be considered?

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Representation Question 24: When a producer has a financial responsibility For funds collected while doing business This would be best described as?

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A fiduciary Question 25: When the insurers Pays the benefit Based on the average fee Charged in a geographical area is called?

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Usual customary and reasonable Question 26: The federal act that protects consumers by Making sure the data Collected is kept confidential Accurate and use for Specific purpose is called

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Fair credit reporting act Question 27: Statements made on the application that are believed to be true to the best of the applicants knowledge are?

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Representations