TEXAS State Insurance License Exam /
Questions & Expertly Verified
Answers, .
_____________Quiz____________?
An insurer neglects to pay a legitimate claim that is covered under the terms of the policy.
Which of the following insurance principles has the insurer violated? -
Answer✓✓
Consideration
_____________Quiz____________?
Which of the following statements regarding HIV testing for insurance purposes is NOT true?
-
Answer✓✓
Insurers are barred from requesting HIV testing.
_____________Quiz____________?
All of the following are dividend options EXCEPT -
Answer✓✓
Fixed period installments
_____________Quiz____________?
1
, Which of the following documents delivered to the policyowner includes information about
premium amounts, cash values, surrender values and death benefits for specific policy
years? -
Answer✓✓
A Policy Summary
_____________Quiz____________?
A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA
within 60 days. Which of the following is true? -
Answer✓✓
The amount of the distribution is reduced by the amount of a 20% withholding tax.
_____________Quiz____________?
Which of the following best describes annually renewable term insurance? -
Answer✓✓
It's Level Term Insurance
_____________Quiz____________?
Which of the following policies would be classified as a traditional level premium contract? -
Answer✓✓
Straight Life
_____________Quiz____________?
Which option is being utilized when the insurer accumulates dividends at interest and then
uses the accumulated dividends, plus interest, and the policy cash value to pay the policy up
early? -
Answer✓✓
Paid Up Option
2
Questions & Expertly Verified
Answers, .
_____________Quiz____________?
An insurer neglects to pay a legitimate claim that is covered under the terms of the policy.
Which of the following insurance principles has the insurer violated? -
Answer✓✓
Consideration
_____________Quiz____________?
Which of the following statements regarding HIV testing for insurance purposes is NOT true?
-
Answer✓✓
Insurers are barred from requesting HIV testing.
_____________Quiz____________?
All of the following are dividend options EXCEPT -
Answer✓✓
Fixed period installments
_____________Quiz____________?
1
, Which of the following documents delivered to the policyowner includes information about
premium amounts, cash values, surrender values and death benefits for specific policy
years? -
Answer✓✓
A Policy Summary
_____________Quiz____________?
A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA
within 60 days. Which of the following is true? -
Answer✓✓
The amount of the distribution is reduced by the amount of a 20% withholding tax.
_____________Quiz____________?
Which of the following best describes annually renewable term insurance? -
Answer✓✓
It's Level Term Insurance
_____________Quiz____________?
Which of the following policies would be classified as a traditional level premium contract? -
Answer✓✓
Straight Life
_____________Quiz____________?
Which option is being utilized when the insurer accumulates dividends at interest and then
uses the accumulated dividends, plus interest, and the policy cash value to pay the policy up
early? -
Answer✓✓
Paid Up Option
2
