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Texas Laws And Rules Pertinent To Insurance Exam
Newest 2025-2026 /Texas Laws And Rules Pertinent To
Insurance Exam Preparation/ Texas Laws And Rules
Pertinent To Insurance Practice Exam With 100
Complete Questions And Correct Answers |Already
Graded A+||Brand New Versions!!
Which of the following is NOT a required provision in group life
policies?
- Free look
- Incontestible
- Conversion
- Right to Loan - ANSWER-Right to Loan
Credit Life insurance is
- illegal in this state
- insurance issued on a debtor to cover outstanding loan balances
- not regulated in this state
- insurance issued to a creditor to cover outstanding loan balances -
ANSWER-insurance issued on a debtor to cover outstanding loan
balances
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In TX, how long must a policy be in force before an insurance company
must pay death benefits for suicide? - ANSWER-2 years
Which action will a life insurance company most likely take if an
insured dies and it is discovered that the insured's age was misstated on
the application?
- pay an amount reduced by a specific percentage of the face amount
- pay nothing
- pay an amount the premiums would have purchased at the insured's
actual age
- pay 50% of the initial death benefit - ANSWER-Pay an amount the
premiums would have purchased at the insured's actual age
Which of the following actions does the Commissioner of Insurance
NOT have the power to conduct?
- Activate insurance companies' financial reserves
- Issue a cease-and-desist order
- Issue insurance licenses
- Regulate the business of insurance in this state - ANSWER-Activate
insurance companies' financial reserves
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An employee is covered under a company group life plan with a $50,000
death benefit. What is the MAXIMUM amount a spouse may be insured
for under this program?
- $10,000
- $25,000
- $40,000
- $50,000 - ANSWER-$25,000
A license may be denied, suspended, or revoked if the licensee:
- engages in replacement of an existing policy
- is found guilty of misrepresentation in obtaining the license
- files for bankruptcy
- fails to meet a sales quota - ANSWER-is found guilty of
misrepresentation in obtaining the license
An insurance agent has a fiduciary responsibility to all of the following
EXCEPT
- applicants
- insureds
- insurers
- other agents - ANSWER-other agents
Texas Laws And Rules Pertinent To Insurance Exam
Newest 2025-2026 /Texas Laws And Rules Pertinent To
Insurance Exam Preparation/ Texas Laws And Rules
Pertinent To Insurance Practice Exam With 100
Complete Questions And Correct Answers |Already
Graded A+||Brand New Versions!!
Which of the following is NOT a required provision in group life
policies?
- Free look
- Incontestible
- Conversion
- Right to Loan - ANSWER-Right to Loan
Credit Life insurance is
- illegal in this state
- insurance issued on a debtor to cover outstanding loan balances
- not regulated in this state
- insurance issued to a creditor to cover outstanding loan balances -
ANSWER-insurance issued on a debtor to cover outstanding loan
balances
,2|Page
In TX, how long must a policy be in force before an insurance company
must pay death benefits for suicide? - ANSWER-2 years
Which action will a life insurance company most likely take if an
insured dies and it is discovered that the insured's age was misstated on
the application?
- pay an amount reduced by a specific percentage of the face amount
- pay nothing
- pay an amount the premiums would have purchased at the insured's
actual age
- pay 50% of the initial death benefit - ANSWER-Pay an amount the
premiums would have purchased at the insured's actual age
Which of the following actions does the Commissioner of Insurance
NOT have the power to conduct?
- Activate insurance companies' financial reserves
- Issue a cease-and-desist order
- Issue insurance licenses
- Regulate the business of insurance in this state - ANSWER-Activate
insurance companies' financial reserves
, 3|Page
An employee is covered under a company group life plan with a $50,000
death benefit. What is the MAXIMUM amount a spouse may be insured
for under this program?
- $10,000
- $25,000
- $40,000
- $50,000 - ANSWER-$25,000
A license may be denied, suspended, or revoked if the licensee:
- engages in replacement of an existing policy
- is found guilty of misrepresentation in obtaining the license
- files for bankruptcy
- fails to meet a sales quota - ANSWER-is found guilty of
misrepresentation in obtaining the license
An insurance agent has a fiduciary responsibility to all of the following
EXCEPT
- applicants
- insureds
- insurers
- other agents - ANSWER-other agents
