Texas Statutes and Rules Common to Life and Health
Insurance
How many hours of continuing education can be carried 0
over from one licensing period to the next?
An insurer that holds a Certificate of Authority in the Authorized insurer
state in which it transacts business is considered a/an
Which of the following is NOT true regarding a Certificate It is issued to group insurance partcipants
of Authority?
A temporary license holder can receive a commission The license sister-in-law
from a sale made to all of the following EXCEPT
An individual applies for a life policy. Two years ago The policy will not be affected
he suffered a head injury from an accident, so he
cannot remember parts of his past, but is otherwise
competent. He has also been hospitalized for drug
abuse, but does not remember this when applying for
insurance. The insurer issues the policy and learns of his
history one year later. What will probably happen?
An agent licensed in Texas is moving to Kansas. Which of The agent has 30 days to notify the department of Insurance of the new address
the following applies?
When transacting business in this state an insurer formed Alien
under the laws of another country is known as a/an
, When a producer was reviewing a potential customer's Defamation
coverage written by another company, the producer
made several remarks that were maliciously critical of
that other insurer. The producer could be found guilty
of
The Commissioner of Insurance issues a Cease and 10
Desist Order and immediately receives a request for the
charges to be reviewed in a hearing. Within what number
of days must the hearing be held?
An agent receives an Emergency Cease and Desist Order The hearing must be held 10 days of receiving a request, unless both parties agree
for chronically misrepresenting his insurance policies. on a later date
The agent knows that he did not commit the violations
stated in the Emergency Cease and Desist Order. He
wants to contest the charges in a court hearing.
Which of the following is true?
All of the following would be considered an insurance Obtaining an insurance license
transaction EXCEPT
Which of the following must an insurer obtain in order to Certificate of authority
transact insurance within a given state?
An insurer advertises a health policy that is covered Mentoring the Guaranty Association in advertisement is considered to be unfair
by the Life and Health Insurance Guaranty Association. trade practice
The advertisement includes a short list of benefits
and approximate rates. The end of the advertisement
includes statement that protection is provided by the
Guaranty Association. Which of the following is true?
All of the following are true regarding rebates EXCEPT Rebates are allowed if it's in the best interest of the client
All of the following are considered unfair or deceptive Attempting to settle a claim in which liability is clear
acts in connection with the sale of insurance EXCEPT
Who do agents represent? insurance company
On its advertisement, a company claims that it has funds Misrepresentation
in its possession that are, in fact, not available for the
payment of losses or claims. The company is guilty
of
An individual licensed as an agent must notify the Texas Any change in business name
Department of Insurance, on a monthly basis, of all of
the following EXCEPT
A license may NOT be denied, suspended, or revoked if Submits an unsigned insurance policy application
the licensee
A participating insurance policy may do which of the Pay dividends to the policyowner
following?
Insurance
How many hours of continuing education can be carried 0
over from one licensing period to the next?
An insurer that holds a Certificate of Authority in the Authorized insurer
state in which it transacts business is considered a/an
Which of the following is NOT true regarding a Certificate It is issued to group insurance partcipants
of Authority?
A temporary license holder can receive a commission The license sister-in-law
from a sale made to all of the following EXCEPT
An individual applies for a life policy. Two years ago The policy will not be affected
he suffered a head injury from an accident, so he
cannot remember parts of his past, but is otherwise
competent. He has also been hospitalized for drug
abuse, but does not remember this when applying for
insurance. The insurer issues the policy and learns of his
history one year later. What will probably happen?
An agent licensed in Texas is moving to Kansas. Which of The agent has 30 days to notify the department of Insurance of the new address
the following applies?
When transacting business in this state an insurer formed Alien
under the laws of another country is known as a/an
, When a producer was reviewing a potential customer's Defamation
coverage written by another company, the producer
made several remarks that were maliciously critical of
that other insurer. The producer could be found guilty
of
The Commissioner of Insurance issues a Cease and 10
Desist Order and immediately receives a request for the
charges to be reviewed in a hearing. Within what number
of days must the hearing be held?
An agent receives an Emergency Cease and Desist Order The hearing must be held 10 days of receiving a request, unless both parties agree
for chronically misrepresenting his insurance policies. on a later date
The agent knows that he did not commit the violations
stated in the Emergency Cease and Desist Order. He
wants to contest the charges in a court hearing.
Which of the following is true?
All of the following would be considered an insurance Obtaining an insurance license
transaction EXCEPT
Which of the following must an insurer obtain in order to Certificate of authority
transact insurance within a given state?
An insurer advertises a health policy that is covered Mentoring the Guaranty Association in advertisement is considered to be unfair
by the Life and Health Insurance Guaranty Association. trade practice
The advertisement includes a short list of benefits
and approximate rates. The end of the advertisement
includes statement that protection is provided by the
Guaranty Association. Which of the following is true?
All of the following are true regarding rebates EXCEPT Rebates are allowed if it's in the best interest of the client
All of the following are considered unfair or deceptive Attempting to settle a claim in which liability is clear
acts in connection with the sale of insurance EXCEPT
Who do agents represent? insurance company
On its advertisement, a company claims that it has funds Misrepresentation
in its possession that are, in fact, not available for the
payment of losses or claims. The company is guilty
of
An individual licensed as an agent must notify the Texas Any change in business name
Department of Insurance, on a monthly basis, of all of
the following EXCEPT
A license may NOT be denied, suspended, or revoked if Submits an unsigned insurance policy application
the licensee
A participating insurance policy may do which of the Pay dividends to the policyowner
following?
