Texas Funeral Prearrangement & Life
Insurance Law Review Exam 2026
Questions and Answers
Role of a Legal Reserve Life Insurance Agent - Correct answer-Supervisor of
Funeral Prearrangement Life Insurance agent
Maximum initial guaranteed benefit for prearrangement life insurance - Correct
answer-$15,000
Expiration of a funeral prearrangement life insurance agent license - Correct
answer-When a funeral prearrangement life insurance agent fails to submit a
biannual renewal application and fee
Waiting period to reapply for a license after denial - Correct answer-60 months,
except for failure to pass the examination
Conditions for suspension or revocation of an agent's insurance license - Correct
answer-Upon failure of agent to remit premiums
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, When must an agent offer the General Price List (GPL)? - Correct answer-At the
beginning of a sales presentation for funeral goods and services
Must an agent give a consumer the GPL to keep? - Correct answer-Yes.
Does the GPL require inclusion of the seller's permit? - Correct answer-No. GPL
must include only the funeral provider's name and address, the effective date of the
list, and the exact caption of 'General Price List.'
Required wording for disclosures in the General Price List - Correct answer-GPL
disclosures must use the identical wording given in the FTC Funeral Rule.
When is embalming optional? - Correct answer-The seller must disclose that
embalming is optional when the burial is immediate.
Availability of alternative containers for cremation in the GPL - Correct answer-
True
Pricing of each item or service separately in the GPL - Correct answer-True
Can the basic services of a funeral director be declined by the purchaser? - Correct
answer-False, basic services cannot be declined.
FTC Funeral rule on casket purchase for direct cremation - Correct answer-True
Retention period for a price list by the funeral provider - Correct answer-1 year
from its last distribution to the consumer
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Insurance Law Review Exam 2026
Questions and Answers
Role of a Legal Reserve Life Insurance Agent - Correct answer-Supervisor of
Funeral Prearrangement Life Insurance agent
Maximum initial guaranteed benefit for prearrangement life insurance - Correct
answer-$15,000
Expiration of a funeral prearrangement life insurance agent license - Correct
answer-When a funeral prearrangement life insurance agent fails to submit a
biannual renewal application and fee
Waiting period to reapply for a license after denial - Correct answer-60 months,
except for failure to pass the examination
Conditions for suspension or revocation of an agent's insurance license - Correct
answer-Upon failure of agent to remit premiums
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, When must an agent offer the General Price List (GPL)? - Correct answer-At the
beginning of a sales presentation for funeral goods and services
Must an agent give a consumer the GPL to keep? - Correct answer-Yes.
Does the GPL require inclusion of the seller's permit? - Correct answer-No. GPL
must include only the funeral provider's name and address, the effective date of the
list, and the exact caption of 'General Price List.'
Required wording for disclosures in the General Price List - Correct answer-GPL
disclosures must use the identical wording given in the FTC Funeral Rule.
When is embalming optional? - Correct answer-The seller must disclose that
embalming is optional when the burial is immediate.
Availability of alternative containers for cremation in the GPL - Correct answer-
True
Pricing of each item or service separately in the GPL - Correct answer-True
Can the basic services of a funeral director be declined by the purchaser? - Correct
answer-False, basic services cannot be declined.
FTC Funeral rule on casket purchase for direct cremation - Correct answer-True
Retention period for a price list by the funeral provider - Correct answer-1 year
from its last distribution to the consumer
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
