11 - TEXAS LAWS AND RULES PERTINENT TO INSURANCE
EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS GRADED A++
Which of the following is a requirement for obtaining a TX insurance agent's license?
- be honest, trustworthy, and reliable
- be at least 21 years old
- be a college graduate
- be a high school graduate
Be honest, trustworthy, and reliable
Which of the following is NOT included in a life insurance illustration?
- Underwriting classification upon which the illustration is based
- Insurer's name
- Amount of death benefit
- Company's mortality table
Company's mortality table
Which of these is NOT an example of doing insurance business?
- Selling shares of stock
- Receiving an insurance application
, - Collecting insurance premium
- Delivering an insurance policy
Selling shares of stock
In TX, which of these statements regarding the Suicide clause is TRUE?
- an insurer may not use suicide as a defense against payment after the first year
- an insurer must always pay a death benefit when the cause of death was suicide
- an insurance company may only deny a suicide death claim if an exclusionary rider is attached to the
policy
- an insurer may not use suicide as a defense against payment after the second year
An insurer may not use suicide as a defense against payment after the second year
B, an insurance agent, tells his clients that their rights may be impaired if they fail to complete a
release form within a given period of time. B may be found guilty of:
- boycotting
- rebating
- coercion
- discrimination
coercion
An example of false advertising would be:
- paid testimonials from celebrity endorsements
- an insurer exaggerating its dividends in a magazine advertisement
- a producer spending more than $25 on marketing gifts for a client
- an insurer advertising in an insurance trade journal
EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS GRADED A++
Which of the following is a requirement for obtaining a TX insurance agent's license?
- be honest, trustworthy, and reliable
- be at least 21 years old
- be a college graduate
- be a high school graduate
Be honest, trustworthy, and reliable
Which of the following is NOT included in a life insurance illustration?
- Underwriting classification upon which the illustration is based
- Insurer's name
- Amount of death benefit
- Company's mortality table
Company's mortality table
Which of these is NOT an example of doing insurance business?
- Selling shares of stock
- Receiving an insurance application
, - Collecting insurance premium
- Delivering an insurance policy
Selling shares of stock
In TX, which of these statements regarding the Suicide clause is TRUE?
- an insurer may not use suicide as a defense against payment after the first year
- an insurer must always pay a death benefit when the cause of death was suicide
- an insurance company may only deny a suicide death claim if an exclusionary rider is attached to the
policy
- an insurer may not use suicide as a defense against payment after the second year
An insurer may not use suicide as a defense against payment after the second year
B, an insurance agent, tells his clients that their rights may be impaired if they fail to complete a
release form within a given period of time. B may be found guilty of:
- boycotting
- rebating
- coercion
- discrimination
coercion
An example of false advertising would be:
- paid testimonials from celebrity endorsements
- an insurer exaggerating its dividends in a magazine advertisement
- a producer spending more than $25 on marketing gifts for a client
- an insurer advertising in an insurance trade journal
