PEARSON VUE TEXAS LIFE AND HEALTH
INSURANCE ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
●● Representations.
Answer: Statements believed to be true to the best of one's knowledge
are
●● When the policy is delivered and the first premium is paid.
Answer: If an agent accepts a completed application without the first
premium, when does coverage become effective
●● Replacement.
Answer: A practice of terminating an existing policy or letting it lapse,
and obtaining a new one.
●● Aleatory.
Answer: The term that refers to the unequal exchange of values given
between the two parties in a contract is
●● Legal Purpose.
,Answer: Which element of contract law requires that contracts must not
go against public policy must have insurable interest and must have the
consent of the proposed insured
●● Fair Credit Reporting Act.
Answer: A name of the federal law governing the collection
dissemination and use of consumer information is the
●● An independent investigating firm.
Answer: The MIB is all of the following EXCEPT
●● Annually.
Answer: Which of the following is the least expensice method of paying
life insurance
●● Money Laundering.
Answer: The Process of taking financial proceeds from illegal activites
and placing them into financial systems to disguise their origins is
known as
●● Substandard.
Answer: What is the risk classification for those who are insurable, but
have a higher than average risk?
, ●● Consideration.
Answer: In the formation of a legal contract each party must give
something of value. under contract law, this is referred to as.
●● unilateral.
Answer: A legal contract in which only one party makes a legally
binding promise is
●● When the agent helps the applicant complete the application.
Answer: When must insurable interest exist
●● Initialed by the applicant.
Answer: Changes to a written life insurance application must be
●● Term Life.
Answer: What type of policy is considred temporary protection
●● Convertible Term policy.
Answer: The type of policy that can be changed from one that does not
accumulate cash value to the one that does, is a...
●● Decreasing Term.
INSURANCE ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
●● Representations.
Answer: Statements believed to be true to the best of one's knowledge
are
●● When the policy is delivered and the first premium is paid.
Answer: If an agent accepts a completed application without the first
premium, when does coverage become effective
●● Replacement.
Answer: A practice of terminating an existing policy or letting it lapse,
and obtaining a new one.
●● Aleatory.
Answer: The term that refers to the unequal exchange of values given
between the two parties in a contract is
●● Legal Purpose.
,Answer: Which element of contract law requires that contracts must not
go against public policy must have insurable interest and must have the
consent of the proposed insured
●● Fair Credit Reporting Act.
Answer: A name of the federal law governing the collection
dissemination and use of consumer information is the
●● An independent investigating firm.
Answer: The MIB is all of the following EXCEPT
●● Annually.
Answer: Which of the following is the least expensice method of paying
life insurance
●● Money Laundering.
Answer: The Process of taking financial proceeds from illegal activites
and placing them into financial systems to disguise their origins is
known as
●● Substandard.
Answer: What is the risk classification for those who are insurable, but
have a higher than average risk?
, ●● Consideration.
Answer: In the formation of a legal contract each party must give
something of value. under contract law, this is referred to as.
●● unilateral.
Answer: A legal contract in which only one party makes a legally
binding promise is
●● When the agent helps the applicant complete the application.
Answer: When must insurable interest exist
●● Initialed by the applicant.
Answer: Changes to a written life insurance application must be
●● Term Life.
Answer: What type of policy is considred temporary protection
●● Convertible Term policy.
Answer: The type of policy that can be changed from one that does not
accumulate cash value to the one that does, is a...
●● Decreasing Term.
