Funeral Prearrangement license exam
Legal reserve life insurance Agent - CORRECT ANSWER ✔✔✔ A funeral prearrangement life insurance
agent must be supervised by a _____ who's company holds a seller's permit
$15,000.000 - CORRECT ANSWER ✔✔✔ The maximum initial guaranteed death benefit that a funeral
prearrangement life insurance may sell is ____
Appointing insurance company - CORRECT ANSWER ✔✔✔ A funeral prearrangement life insurance
agent license expires when the agent ceases to represent the _______
60 months - CORRECT ANSWER ✔✔✔ When an application for and insurance agent license is denied,
except for failure to pass the exam, the applicant can not reapply for ________ (length of time)
fail(s) to remit premiums to the insurance company - CORRECT ANSWER ✔✔✔ A agents insurance
license can be suspended or revoked if the agent _____
General Price List (GPL) - CORRECT ANSWER ✔✔✔ Must be offered at the beginning of a sales
presentation for funeral services/goods
The GPL - CORRECT ANSWER ✔✔✔ Must be given to consumer to keep
Sellers permit number - CORRECT ANSWER ✔✔✔ GPL must include funeral providers name, address,
effective date of list, but not ______
Identical wording - CORRECT ANSWER ✔✔✔ The required disclosure for the GPL must use the _____
given in the FTC Funeral Rule
Embalming is optional - CORRECT ANSWER ✔✔✔ Part of a prearranged funeral sale you must disclose
that ________ when burial is immediate
Alternative Containers - CORRECT ANSWER ✔✔✔ The GPL must disclose the availability of ____ for
cremation
Price each item or service - CORRECT ANSWER ✔✔✔ The GPL must _____ separately
Funeral Director - CORRECT ANSWER ✔✔✔ The basic services of ____ cannot be declined by purchaser
Purchase of casket - CORRECT ANSWER ✔✔✔ The FTC funeral rule prohibits funeral providers from
requiring _____ for direct cremation
one - CORRECT ANSWER ✔✔✔ Funeral provider must keep a copy of price list on file for ___ year(s)
after its last distribution to a consumer
Texas department of banking - CORRECT ANSWER ✔✔✔ Prepaid funeral benefits contract forms must
be approved by __________
30 - CORRECT ANSWER ✔✔✔ A copy of an insurance funded prepaid funeral contract must be
provided to the purchaser within ______ (days) from when it was signed
30 days - CORRECT ANSWER ✔✔✔ Premiums collected for insurance policies funding or paid funeral
benefits must be remitted to the insurance company within _____
, Premium - CORRECT ANSWER ✔✔✔ A contract seller's permit may be cancelled for failing to provide
________ remittance evidence requested by the Banking Department
60 Days - CORRECT ANSWER ✔✔✔ After a trust funded contract is converted to an insurance funded
contract the purchaser may revert back to the original trust fund at any time during the next ?
Grace - CORRECT ANSWER ✔✔✔ The provision that is permitted in an insurance policy used to fund a
contract which is being converted from a trust funded contract is the ________ period provision.
100% - CORRECT ANSWER ✔✔✔ When a seller applies to convert existing contracts from trust funded
to insurance funded contracts ________ of the seller's business must be converted
Annuities - CORRECT ANSWER ✔✔✔ In a conversion from a trust funded to insurance funded contracts
________ are the funding device that will be used for the new contracts.
Contract - CORRECT ANSWER ✔✔✔ The purchaser of a prepaid funeral benefits contract may be given
the option to irrevocably waive the purchaser's right to cancel the?
Equal - CORRECT ANSWER ✔✔✔ When a purchaser chooses to cancel a contract six months after its
conversion from a trust funded to insurance funded the amount due to the purchaser is ________ to
what would have been paid if no conversion had taken place
Funeral Home - CORRECT ANSWER ✔✔✔ In insurance, under the law of agency, the ________ is bound
by the acts of its insurance agents.
Implied - CORRECT ANSWER ✔✔✔ An insurance company that allows an agent to collect premiums on
its behalf even though that authority is not listed in the agent's contract is considered ________
authority.
Unwritten - CORRECT ANSWER ✔✔✔ The implied authority of insurance agents is _________
Agents - CORRECT ANSWER ✔✔✔ An agent's authority to solicit applications on behalf of the insurer is
granted in the ________ contract with the insurer.
Expressed - CORRECT ANSWER ✔✔✔ The type of authority that is detailed in the agent's contract with
the insurance company is?
Insurance - CORRECT ANSWER ✔✔✔ An agent who advertises the features of a particular policy must
obtain prior approval from the ________ company.
Guaranteed - CORRECT ANSWER ✔✔✔ When an annuity advertisement includes the current interest
rate being credited, it must also include the _________ interest rate.
Benefits - CORRECT ANSWER ✔✔✔ A lifer insurance policy summary is a summary of the policy
________ and cost.
Hypothetical - CORRECT ANSWER ✔✔✔ A life insurance illustration illustrates ________ results of the
policy
9 pm - CORRECT ANSWER ✔✔✔ The latest time a solicitor may place a call is?
Legal reserve life insurance Agent - CORRECT ANSWER ✔✔✔ A funeral prearrangement life insurance
agent must be supervised by a _____ who's company holds a seller's permit
$15,000.000 - CORRECT ANSWER ✔✔✔ The maximum initial guaranteed death benefit that a funeral
prearrangement life insurance may sell is ____
Appointing insurance company - CORRECT ANSWER ✔✔✔ A funeral prearrangement life insurance
agent license expires when the agent ceases to represent the _______
60 months - CORRECT ANSWER ✔✔✔ When an application for and insurance agent license is denied,
except for failure to pass the exam, the applicant can not reapply for ________ (length of time)
fail(s) to remit premiums to the insurance company - CORRECT ANSWER ✔✔✔ A agents insurance
license can be suspended or revoked if the agent _____
General Price List (GPL) - CORRECT ANSWER ✔✔✔ Must be offered at the beginning of a sales
presentation for funeral services/goods
The GPL - CORRECT ANSWER ✔✔✔ Must be given to consumer to keep
Sellers permit number - CORRECT ANSWER ✔✔✔ GPL must include funeral providers name, address,
effective date of list, but not ______
Identical wording - CORRECT ANSWER ✔✔✔ The required disclosure for the GPL must use the _____
given in the FTC Funeral Rule
Embalming is optional - CORRECT ANSWER ✔✔✔ Part of a prearranged funeral sale you must disclose
that ________ when burial is immediate
Alternative Containers - CORRECT ANSWER ✔✔✔ The GPL must disclose the availability of ____ for
cremation
Price each item or service - CORRECT ANSWER ✔✔✔ The GPL must _____ separately
Funeral Director - CORRECT ANSWER ✔✔✔ The basic services of ____ cannot be declined by purchaser
Purchase of casket - CORRECT ANSWER ✔✔✔ The FTC funeral rule prohibits funeral providers from
requiring _____ for direct cremation
one - CORRECT ANSWER ✔✔✔ Funeral provider must keep a copy of price list on file for ___ year(s)
after its last distribution to a consumer
Texas department of banking - CORRECT ANSWER ✔✔✔ Prepaid funeral benefits contract forms must
be approved by __________
30 - CORRECT ANSWER ✔✔✔ A copy of an insurance funded prepaid funeral contract must be
provided to the purchaser within ______ (days) from when it was signed
30 days - CORRECT ANSWER ✔✔✔ Premiums collected for insurance policies funding or paid funeral
benefits must be remitted to the insurance company within _____
, Premium - CORRECT ANSWER ✔✔✔ A contract seller's permit may be cancelled for failing to provide
________ remittance evidence requested by the Banking Department
60 Days - CORRECT ANSWER ✔✔✔ After a trust funded contract is converted to an insurance funded
contract the purchaser may revert back to the original trust fund at any time during the next ?
Grace - CORRECT ANSWER ✔✔✔ The provision that is permitted in an insurance policy used to fund a
contract which is being converted from a trust funded contract is the ________ period provision.
100% - CORRECT ANSWER ✔✔✔ When a seller applies to convert existing contracts from trust funded
to insurance funded contracts ________ of the seller's business must be converted
Annuities - CORRECT ANSWER ✔✔✔ In a conversion from a trust funded to insurance funded contracts
________ are the funding device that will be used for the new contracts.
Contract - CORRECT ANSWER ✔✔✔ The purchaser of a prepaid funeral benefits contract may be given
the option to irrevocably waive the purchaser's right to cancel the?
Equal - CORRECT ANSWER ✔✔✔ When a purchaser chooses to cancel a contract six months after its
conversion from a trust funded to insurance funded the amount due to the purchaser is ________ to
what would have been paid if no conversion had taken place
Funeral Home - CORRECT ANSWER ✔✔✔ In insurance, under the law of agency, the ________ is bound
by the acts of its insurance agents.
Implied - CORRECT ANSWER ✔✔✔ An insurance company that allows an agent to collect premiums on
its behalf even though that authority is not listed in the agent's contract is considered ________
authority.
Unwritten - CORRECT ANSWER ✔✔✔ The implied authority of insurance agents is _________
Agents - CORRECT ANSWER ✔✔✔ An agent's authority to solicit applications on behalf of the insurer is
granted in the ________ contract with the insurer.
Expressed - CORRECT ANSWER ✔✔✔ The type of authority that is detailed in the agent's contract with
the insurance company is?
Insurance - CORRECT ANSWER ✔✔✔ An agent who advertises the features of a particular policy must
obtain prior approval from the ________ company.
Guaranteed - CORRECT ANSWER ✔✔✔ When an annuity advertisement includes the current interest
rate being credited, it must also include the _________ interest rate.
Benefits - CORRECT ANSWER ✔✔✔ A lifer insurance policy summary is a summary of the policy
________ and cost.
Hypothetical - CORRECT ANSWER ✔✔✔ A life insurance illustration illustrates ________ results of the
policy
9 pm - CORRECT ANSWER ✔✔✔ The latest time a solicitor may place a call is?
