Texas General Insurance Laws & Job
Duties/Roles Exam-Graded A
Marva wants to bring a problem to the attention of the person or agency responsible for
administering Texas' workers compensation system. Who or what has that
responsibility?
Texas Council on Compensation Insurance (TCCI)
Texas Attorney General
Texas Department of Insurance (TDI)
Texas Labor Union - ANSWER-Texas Department of Insurance (TDI)
While reading the Texas Insurance Code, Dana came across a statement that referred
to "the Commissioner." "Whom," he asked, "does this refer to?"
Texas Department of Insurance's chief executive and administrative officer
Austin police commissioner
Party who pays a commission to the individual selling an insurance policy
Party who receives a commission for selling an insurance policy - ANSWER-Texas
Department of Insurance's chief executive and administrative officer
Who is the chief officer of the Texas Department of Insurance?
Commissioner
Governor
Superintendent
Director - ANSWER-Commissioner
If all its Texas insurance policies currently in force were canceled, Yawls Insurance
Company would have to return $120 million to its policyholders. Texas law requires
Yawls to maintain a fund sufficient to pay this amount. The fund is known as a(n)
earned premium reserve.
emergency fund.
reinsurance reserve.
contingency fund. - ANSWER-reinsurance reserve.
Doug wanted to work as an insurance claims adjuster, but he learned that Texas law
does not permit him to do so without "authorization." What type of authorization must
Doug have?
,license
appointment by an insurance claimant to adjust a claim on her behalf
appointment by an insurance company
law degree - ANSWER-license
What is the official title for the chief executive and administrative officer of the Texas
Department of Insurance?
Your Majesty
Governor
General
Commissioner - ANSWER-Commissioner
What agency is responsible for enforcing the insurance laws passed by the Texas state
legislature?
Texas Attorney General.
Texas Department of Insurance.
Texas Highway Patrol.
Texas Rangers. - ANSWER-Texas Department of Insurance.
While studying for her Texas adjusters license, Tamera repeatedly came across the
acronym "TDI." When she asked a friend what these initials refer to, he correctly
responded that TDI refers to
Texas drought insurance.
Texas Department of Insurance.
terrorism disaster insurance.
temporary disability income. - ANSWER-Texas Department of Insurance.
Who appoints the chief officer of the Texas Department of Insurance?
Current chief officer
Texas legislature
Public, through popular vote
governor - ANSWER-governor
All of the following are duties carried out by the Texas Department of Insurance,
EXCEPT:
enforcing compliance with any law relevant to the administration of insurance
enforcing compliance with the Texas Insurance Code
creating insurance law
regulating the administration of insurance in the state - ANSWER-creating insurance
law
, Adjuster licensing requirements are intended to
limit the number of people serving as adjusters.
guarantee that only the best adjusters work for insurance companies.
generate license fees for the TDI.
help ensure that consumers are dealing with knowledgeable claims representatives. -
ANSWER-help ensure that consumers are dealing with knowledgeable claims
representatives.
Because Jacob M. Pierce had a felony record, he stated in his adjusters license
application that his full legal name was Jake Pierce. If the TDI discovers this intentional
misstatement, it may
Encourage him to surrender his license.
Offer Jake a rebate.
Conduct a market conduct examination.
Deny Jake's license. - ANSWER-Deny Jake's license.
Which of the following statements about the Texas Department of Insurance is not
correct?
It enforces the state's insurance code by issuing regulations.
It protects consumers and encourages fair competition among insurers.
It prepares candidates for the state licensing exam.
It is responsible for licensing and regulating insurance producers. - ANSWER-It
prepares candidates for the state licensing exam.
One of the men conducting a TDI market conduct exam requests Luisa, a claims
adjuster, to submit to an examination under oath.
Under these circumstances, Luisa
is required to submit to the exam.
may respectfully decline the request.
may refuse to answer any questions without her attorney present.
may file a claim for sexual harassment. - ANSWER-is required to submit to the exam.
A person making or having made a claim. - ANSWER-claimant
Any written communication to an insurer, not solicited by the insurer, expressing a
grievance relating to an unfair claims settlement practice. A complaint is not a
misunderstanding or a problem of misinformation that is resolved promptly by clearing
up the misunderstanding and/or supplying the appropriate information to the person's
satisfaction. - ANSWER-Complaint
Duties/Roles Exam-Graded A
Marva wants to bring a problem to the attention of the person or agency responsible for
administering Texas' workers compensation system. Who or what has that
responsibility?
Texas Council on Compensation Insurance (TCCI)
Texas Attorney General
Texas Department of Insurance (TDI)
Texas Labor Union - ANSWER-Texas Department of Insurance (TDI)
While reading the Texas Insurance Code, Dana came across a statement that referred
to "the Commissioner." "Whom," he asked, "does this refer to?"
Texas Department of Insurance's chief executive and administrative officer
Austin police commissioner
Party who pays a commission to the individual selling an insurance policy
Party who receives a commission for selling an insurance policy - ANSWER-Texas
Department of Insurance's chief executive and administrative officer
Who is the chief officer of the Texas Department of Insurance?
Commissioner
Governor
Superintendent
Director - ANSWER-Commissioner
If all its Texas insurance policies currently in force were canceled, Yawls Insurance
Company would have to return $120 million to its policyholders. Texas law requires
Yawls to maintain a fund sufficient to pay this amount. The fund is known as a(n)
earned premium reserve.
emergency fund.
reinsurance reserve.
contingency fund. - ANSWER-reinsurance reserve.
Doug wanted to work as an insurance claims adjuster, but he learned that Texas law
does not permit him to do so without "authorization." What type of authorization must
Doug have?
,license
appointment by an insurance claimant to adjust a claim on her behalf
appointment by an insurance company
law degree - ANSWER-license
What is the official title for the chief executive and administrative officer of the Texas
Department of Insurance?
Your Majesty
Governor
General
Commissioner - ANSWER-Commissioner
What agency is responsible for enforcing the insurance laws passed by the Texas state
legislature?
Texas Attorney General.
Texas Department of Insurance.
Texas Highway Patrol.
Texas Rangers. - ANSWER-Texas Department of Insurance.
While studying for her Texas adjusters license, Tamera repeatedly came across the
acronym "TDI." When she asked a friend what these initials refer to, he correctly
responded that TDI refers to
Texas drought insurance.
Texas Department of Insurance.
terrorism disaster insurance.
temporary disability income. - ANSWER-Texas Department of Insurance.
Who appoints the chief officer of the Texas Department of Insurance?
Current chief officer
Texas legislature
Public, through popular vote
governor - ANSWER-governor
All of the following are duties carried out by the Texas Department of Insurance,
EXCEPT:
enforcing compliance with any law relevant to the administration of insurance
enforcing compliance with the Texas Insurance Code
creating insurance law
regulating the administration of insurance in the state - ANSWER-creating insurance
law
, Adjuster licensing requirements are intended to
limit the number of people serving as adjusters.
guarantee that only the best adjusters work for insurance companies.
generate license fees for the TDI.
help ensure that consumers are dealing with knowledgeable claims representatives. -
ANSWER-help ensure that consumers are dealing with knowledgeable claims
representatives.
Because Jacob M. Pierce had a felony record, he stated in his adjusters license
application that his full legal name was Jake Pierce. If the TDI discovers this intentional
misstatement, it may
Encourage him to surrender his license.
Offer Jake a rebate.
Conduct a market conduct examination.
Deny Jake's license. - ANSWER-Deny Jake's license.
Which of the following statements about the Texas Department of Insurance is not
correct?
It enforces the state's insurance code by issuing regulations.
It protects consumers and encourages fair competition among insurers.
It prepares candidates for the state licensing exam.
It is responsible for licensing and regulating insurance producers. - ANSWER-It
prepares candidates for the state licensing exam.
One of the men conducting a TDI market conduct exam requests Luisa, a claims
adjuster, to submit to an examination under oath.
Under these circumstances, Luisa
is required to submit to the exam.
may respectfully decline the request.
may refuse to answer any questions without her attorney present.
may file a claim for sexual harassment. - ANSWER-is required to submit to the exam.
A person making or having made a claim. - ANSWER-claimant
Any written communication to an insurer, not solicited by the insurer, expressing a
grievance relating to an unfair claims settlement practice. A complaint is not a
misunderstanding or a problem of misinformation that is resolved promptly by clearing
up the misunderstanding and/or supplying the appropriate information to the person's
satisfaction. - ANSWER-Complaint
