Life & Health - TX State Laws
Which of the following is not a duty of the commissioner?
Make state insurance laws
The commissioner may examine the records of an insurance company for the purpose
of:
Determining solvency
The commissioner is authorized to perform all of the following duties, except:
Suspend insurance licenses for up to 5 years
A Certificate of Authority is issued to an insurer for which of the following reasons?
It certifies the insurer is authorized to transact insurance in this state
Which of the following is NOT transacting insurance?
Selling stocks, bonds, and mutual funds
According to the Texas Insurance Code, an insurance company incorporated in New
Mexico is a(n):
Foreign insurer
Which type of insurance company is owned by its policyholders?
Mutual insurer
Who is NOT eligible for an agent license in this state?
A 17-year old who passed the licensing exam 6 months ago
Holding which of the following professional designations will exempt a person from
taking the life licensing examination?
Chartered Life Underwriter (CLU)
A licensed agent is required to obtain which of the following before transacting
insurance in Texas?
An appointment from an insurer
An agent's appointment:
Remains in force until terminated or withdrawn
To terminate an agent's appointment, the insurer must:
Notify the Texas Department of Insurance of the termination of appointment
The Texas Department of Insurance requires all licensees to:
Be honest, trustworthy, and reliable
General life, accident, and health agents must complete a minimum of _______
continuing education hours per renewal period.
24
Which of the following statements about continuing education is true?
At least 50% of continuing education hours must be completed in a classroom or
classroom equivalent setting
An individual may be denied a license or be disciplined by the Department for all of the
following reasons, except if the individual has:
Actively engaged in soliciting and writing insurance for the general public
A license may be suspended or revoked for which of the following?
An agent is actively engaged in soliciting insurance only to family members
An individual who was denied a license must wait to reapply for a license a minimum of:
5 years
Which of the following is not a prohibited claims settlement practice?
Which of the following is not a duty of the commissioner?
Make state insurance laws
The commissioner may examine the records of an insurance company for the purpose
of:
Determining solvency
The commissioner is authorized to perform all of the following duties, except:
Suspend insurance licenses for up to 5 years
A Certificate of Authority is issued to an insurer for which of the following reasons?
It certifies the insurer is authorized to transact insurance in this state
Which of the following is NOT transacting insurance?
Selling stocks, bonds, and mutual funds
According to the Texas Insurance Code, an insurance company incorporated in New
Mexico is a(n):
Foreign insurer
Which type of insurance company is owned by its policyholders?
Mutual insurer
Who is NOT eligible for an agent license in this state?
A 17-year old who passed the licensing exam 6 months ago
Holding which of the following professional designations will exempt a person from
taking the life licensing examination?
Chartered Life Underwriter (CLU)
A licensed agent is required to obtain which of the following before transacting
insurance in Texas?
An appointment from an insurer
An agent's appointment:
Remains in force until terminated or withdrawn
To terminate an agent's appointment, the insurer must:
Notify the Texas Department of Insurance of the termination of appointment
The Texas Department of Insurance requires all licensees to:
Be honest, trustworthy, and reliable
General life, accident, and health agents must complete a minimum of _______
continuing education hours per renewal period.
24
Which of the following statements about continuing education is true?
At least 50% of continuing education hours must be completed in a classroom or
classroom equivalent setting
An individual may be denied a license or be disciplined by the Department for all of the
following reasons, except if the individual has:
Actively engaged in soliciting and writing insurance for the general public
A license may be suspended or revoked for which of the following?
An agent is actively engaged in soliciting insurance only to family members
An individual who was denied a license must wait to reapply for a license a minimum of:
5 years
Which of the following is not a prohibited claims settlement practice?
