Texas Funeral Prearrangement & Life Insurance Law Review questions with answers

Texas Funeral Prearrangement & Life |\ |\ |\ |\ |\




Insurance Law Review questions with |\ |\ |\ |\ |\




answers


Role of a Legal Reserve Life Insurance Agent - CORRECT
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ANSWERS ✔✔Supervisor of Funeral Prearrangement Life
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Insurance agent |\




Maximum initial guaranteed benefit for prearrangement life
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insurance - CORRECT ANSWERS ✔✔$15,000 |\ |\ |\ |\




Expiration of a funeral prearrangement life insurance agent
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license - CORRECT ANSWERS ✔✔When a funeral prearrangement
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life insurance agent fails to submit a biannual renewal application
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and fee
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Waiting period to reapply for a license after denial - CORRECT
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ANSWERS ✔✔60 months, except for failure to pass the
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examination


Conditions for suspension or revocation of an agent's insurance
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license - CORRECT ANSWERS ✔✔Upon failure of agent to remit
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premiums


When must an agent offer the General Price List (GPL)? -
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CORRECT ANSWERS ✔✔At the beginning of a sales presentation
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for funeral goods and services
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, Must an agent give a consumer the GPL to keep? - CORRECT
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ANSWERS ✔✔Yes. |\




Does the GPL require inclusion of the seller's permit? - CORRECT
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ANSWERS ✔✔No. GPL must include only the funeral provider's
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name and address, the effective date of the list, and the exact
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caption of 'General Price List.'
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Required wording for disclosures in the General Price List -
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CORRECT ANSWERS ✔✔GPL disclosures must use the identical
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wording given in the FTC Funeral Rule.
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When is embalming optional? - CORRECT ANSWERS ✔✔The seller
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must disclose that embalming is optional when the burial is
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immediate.


Availability of alternative containers for cremation in the GPL -
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CORRECT ANSWERS ✔✔True |\ |\




Pricing of each item or service separately in the GPL - CORRECT
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ANSWERS ✔✔True |\




Can the basic services of a funeral director be declined by the
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purchaser? - CORRECT ANSWERS ✔✔False, basic services cannot
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be declined.
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