TX Preneed Funeral Exam Review ||Verified Exam!!||
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When an application for an insurance agent license is
denied, except for failure to pass the examination, the
applicant may NOT re-apply for at least - Answer-60
months
An agents insurance license could be suspended or
revoked if the agent - Answer-fails to remit premiums
______ must be offered at the beginning of a sales
presentation for funeral goods and service - Answer-The
general price list
The ___ must be given to the consumer to keep - Answer-
General price list
The general price list (GPL) must include - Answer-The
funeral providers name and address, the effective date of
the list, and all the exact caption of "General Price List".
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The required disclosures for the general price list (GPL) -
Answer-must use the identical wording given in the FTC
Funeral Rule
As part of a prearranged funeral sale, the seller must
disclose - Answer-that embalming is optional when the
burial is immediate
The GPL must disclose the - Answer-availability of
alternative containers for cremation
The GPL - Answer-must price each item or service
seperately
______ cannot be declined by the purchaser - Answer-The
basic services of a funeral director
A funeral prearrangement life insurance agent must be
supervised - Answer-By a legal reserve life insurance
agent whose company holds a seller's permit.
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The maximum initial guaranteed death benefit that a
funeral prearrangement life insurance agent may sell is -
Answer-$15,000
A funeral prearrangement life insurance agent license
expires when the agent - Answer-Fails to submit a
biannual renewal application and fee
The FTC Funeral Rule prohibits funeral providers from -
Answer-requiring the purchase of a casket for direct
cremation
A funeral provider must keep a copy of a price list on file
for ____ after its last distribution to a consumer - Answer-1
year
Prepaid funeral benefits contract forms must be approved
by - Answer-the Texas Department of Banking
A copy of an insurance-funded prepaid funeral contract
must be provided to the purchaser within ____ from when
it was signed - Answer-30 days
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Premiums collected from insurance policies funding
prepaid funeral benefits must be remitted to the insurance
company within - Answer-30 days
A contract seller's permit may be cancelled for - Answer-
failing to provide premium remittance evidence requested
by the Banking Department
Regarding the Federal Waiver of Cancellation Form, -
Answer-it is not needed when the prearrangement
contract is purchased at the funeral home
At the time of the sale of a funeral prearrangement
contract, the purchaser should be given - Answer-the
"Facts about Funerals" pamphlet from the Texas Funeral
Service Commission
Selling a funeral prearrangement contract to a person who
cannot afford it can result often in - Answer-loss of
business to the funeral home