Texas Funeral Prearrangement Life Insurance
License Exam Questions With Correct Answers
People |that |work |in |funeral |service |in |Texas |must |hold |what |type |of |license |to |sell |funeral |or |
burial |insurance?
"Limited" |Funeral |Prearrangement |Life |License |or |"Full" |Texas |Legal |Reserve |Life |Agent |license
For |the |purpose |of |this |training |course, |the |following |terms |will |be |used |interchangeably |to |
refer |to |the |same |process: |prepaid, |prearrangement |and
preneed
Insurance |products |which |may |be |used |to |fund |funeral |prearrangement |contracts |must |be |
approved |by |the
Texas |Department |of |Banking
Which |department |is |responsible |for |regulating |any |person |performing |the |acts |of |an |
insurance |agent?
The |Texas |Department |of |Insurance
Name |of |brochure |for |prospective |consumers |when |funeral |services |are |discussed.
"Facts |About |Funerals"
The |insurance |funding |product |which |holds |premium |dollars |at |interest |but |does |not |provide |
a |life |insurance |death |benefit |is |an
annuity
The |federal |regulatory |agency |which |exercises |authority |over |preneed |contract |sales |is |the
Texas |Department |of |Banking
The |authorized |representative |who |solicits |preneed |insurance, |takes |applications, |receives |or |
transmits |premium |and |receives |or |delivers |policies |is |the
agent
The |length |of |the |contestable |period |for |a |preneed |life |insurance |policy |is
, two |years
All |of |the |following |are |true |statements |about |the |Texas |Funeral |Prearrangement |Life |
Insurance |Agents |except
TEPLI |agent |may |sell |up |to |$10,000 |of |initial |death |benefit. |(correct |answer |is |$15,000)
The |TDI |may |suspend |or |revoke |an |agent's |license |for |the |conviction |of |a |______ |or |for |_____ |
commissions |to |a |client.
felony...rebating
If |an |application |is |denied |or |revoked |by |TDI, |how |many |months |must |the |agent |wait |before |
reapplying?
12 |months
When |an |agent's |actions |appear |logical, |although |the |power |to |perform |them |is |neither |
expressed |nor |implied, |it |is |called
apparent
The |agent's |power |to |collect |premiums |is |commonly |referred |to |as
implied
The |agent's |power |to |solicit |insurance |is |granted |in
the |agent's |contract |with |the |insurer
A |funeral |prearrangement |life |insurance |agent |in |Texas |has |____ |days |to |report |fraudulent, |
deceptive |or |discriminatory |acts |to |the |Texas |Commissioner |of |Insurance.
30 |days
Agent |rebating |is |_______ |away |or |_______ |commissions |with |a |buyer, |applicant, |or |policy |
owner |and |is |illegal |in |Texas.
giving...splitting
A |funeral |prearrangement |life |insurance |agent |who |knowingly |presents |false |and |misleading |
financial |information |about |a |competing |company |may |be |guilty |of |all |of |the |following |except:
rebating
Which |of |the |following |would |not |be |considered |an |"advertisement" |in |a |sales |presentation?
impromptu |answers |given |during |questioning
License Exam Questions With Correct Answers
People |that |work |in |funeral |service |in |Texas |must |hold |what |type |of |license |to |sell |funeral |or |
burial |insurance?
"Limited" |Funeral |Prearrangement |Life |License |or |"Full" |Texas |Legal |Reserve |Life |Agent |license
For |the |purpose |of |this |training |course, |the |following |terms |will |be |used |interchangeably |to |
refer |to |the |same |process: |prepaid, |prearrangement |and
preneed
Insurance |products |which |may |be |used |to |fund |funeral |prearrangement |contracts |must |be |
approved |by |the
Texas |Department |of |Banking
Which |department |is |responsible |for |regulating |any |person |performing |the |acts |of |an |
insurance |agent?
The |Texas |Department |of |Insurance
Name |of |brochure |for |prospective |consumers |when |funeral |services |are |discussed.
"Facts |About |Funerals"
The |insurance |funding |product |which |holds |premium |dollars |at |interest |but |does |not |provide |
a |life |insurance |death |benefit |is |an
annuity
The |federal |regulatory |agency |which |exercises |authority |over |preneed |contract |sales |is |the
Texas |Department |of |Banking
The |authorized |representative |who |solicits |preneed |insurance, |takes |applications, |receives |or |
transmits |premium |and |receives |or |delivers |policies |is |the
agent
The |length |of |the |contestable |period |for |a |preneed |life |insurance |policy |is
, two |years
All |of |the |following |are |true |statements |about |the |Texas |Funeral |Prearrangement |Life |
Insurance |Agents |except
TEPLI |agent |may |sell |up |to |$10,000 |of |initial |death |benefit. |(correct |answer |is |$15,000)
The |TDI |may |suspend |or |revoke |an |agent's |license |for |the |conviction |of |a |______ |or |for |_____ |
commissions |to |a |client.
felony...rebating
If |an |application |is |denied |or |revoked |by |TDI, |how |many |months |must |the |agent |wait |before |
reapplying?
12 |months
When |an |agent's |actions |appear |logical, |although |the |power |to |perform |them |is |neither |
expressed |nor |implied, |it |is |called
apparent
The |agent's |power |to |collect |premiums |is |commonly |referred |to |as
implied
The |agent's |power |to |solicit |insurance |is |granted |in
the |agent's |contract |with |the |insurer
A |funeral |prearrangement |life |insurance |agent |in |Texas |has |____ |days |to |report |fraudulent, |
deceptive |or |discriminatory |acts |to |the |Texas |Commissioner |of |Insurance.
30 |days
Agent |rebating |is |_______ |away |or |_______ |commissions |with |a |buyer, |applicant, |or |policy |
owner |and |is |illegal |in |Texas.
giving...splitting
A |funeral |prearrangement |life |insurance |agent |who |knowingly |presents |false |and |misleading |
financial |information |about |a |competing |company |may |be |guilty |of |all |of |the |following |except:
rebating
Which |of |the |following |would |not |be |considered |an |"advertisement" |in |a |sales |presentation?
impromptu |answers |given |during |questioning
