Scheduled maintenance: 16 January 2026 from 09:00 to 11:00
Texas Life and Health Insurance Exam | Questions and answers | 2025/2026
At what point must a life insurance applicant be informed Upon completion of the application
of their rights that fall under the Fair Credit Reporting
Act?
Who elects the governing body of a mutual insurance policyholders
company?
An insurance applicant MUST be informed of an Fair Credit Reporting Act
investigation regarding his/her reputation and
character according to the
What type of reinsurance contract involves two Treaty
companies automatically sharing their risk exposure?
The stated amount or percent of liquid assets that an reserves
insurer must have on hand that will satisfy future
obligations to its policyholders is called
Which of the following requires insurers to disclose when 1970 - Fair Credit Reporting Act
an applicant's consumer or credit history is being
investigated
What is the consideration given by an insurer in the Promise to pay a death benefit
Consideration clause of a life policy?
When third-party ownership is involved, applicants who insurable interest in the proposed insured
also happen to be the stated primary beneficiary are
required to have
Statements made on an insurance application that are representations
believed to be true to the best of the applicant's
knowledge are called
The part of a life insurance policy guaranteed to be true warranty
is called a(n)
Which of these is NOT a type of agent authority? Principal
Express
Implied
Principal
Apparent
The Consideration clause of an insurance contract the schedule and amount of premium payments
includes
, E and F are business partners. Each takes out a $500,000 In this situation, the proceeds from E's life insurance policy will go to F.
life insurance policy on the other, naming himself as
primary beneficiary. E and F eventually terminate their
business, and four months later E dies. Although E was
married with three children at the time of death, the
primary beneficiary is still F. However, an insurable
interest no longer exists. Where will the proceeds from
E's life insurance policy be directed to?
Which of the following terms defines the legally Unilateral
enforceable promise in an insurance contract by the
insurer?
When must insurable interest exist for a life insurance Inception of the contract
contract to be valid?
Insurance contracts are known as____because certain conditional
future conditions or acts must occur before any claims
can be paid.
Which of these require an offer, acceptance, and Contract
consideration?
Which of these arrangements allows one to bypass Investor-Originated Life Insurance
insurable interest laws?
Investor-originated life insurance (or IOLI), sometimes called stranger-originated
life insurance (or STOLI) is used to circumvent state insurable interest statutes. This
is done when an investor (or stranger) persuades an individual to take out life
insurance specifically for the purpose of selling the policy to the investor.
The investor compensates the insured and makes the premiums, then collects
the death benefit when the insured dies.
Texas Life and Health Insurance Exam | Questions and answers | 2025/2026
At what point must a life insurance applicant be informed Upon completion of the application
of their rights that fall under the Fair Credit Reporting
Act?
Who elects the governing body of a mutual insurance policyholders
company?
An insurance applicant MUST be informed of an Fair Credit Reporting Act
investigation regarding his/her reputation and
character according to the
What type of reinsurance contract involves two Treaty
companies automatically sharing their risk exposure?
The stated amount or percent of liquid assets that an reserves
insurer must have on hand that will satisfy future
obligations to its policyholders is called
Which of the following requires insurers to disclose when 1970 - Fair Credit Reporting Act
an applicant's consumer or credit history is being
investigated
What is the consideration given by an insurer in the Promise to pay a death benefit
Consideration clause of a life policy?
When third-party ownership is involved, applicants who insurable interest in the proposed insured
also happen to be the stated primary beneficiary are
required to have
Statements made on an insurance application that are representations
believed to be true to the best of the applicant's
knowledge are called
The part of a life insurance policy guaranteed to be true warranty
is called a(n)
Which of these is NOT a type of agent authority? Principal
Express
Implied
Principal
Apparent
The Consideration clause of an insurance contract the schedule and amount of premium payments
includes
, E and F are business partners. Each takes out a $500,000 In this situation, the proceeds from E's life insurance policy will go to F.
life insurance policy on the other, naming himself as
primary beneficiary. E and F eventually terminate their
business, and four months later E dies. Although E was
married with three children at the time of death, the
primary beneficiary is still F. However, an insurable
interest no longer exists. Where will the proceeds from
E's life insurance policy be directed to?
Which of the following terms defines the legally Unilateral
enforceable promise in an insurance contract by the
insurer?
When must insurable interest exist for a life insurance Inception of the contract
contract to be valid?
Insurance contracts are known as____because certain conditional
future conditions or acts must occur before any claims
can be paid.
Which of these require an offer, acceptance, and Contract
consideration?
Which of these arrangements allows one to bypass Investor-Originated Life Insurance
insurable interest laws?
Investor-originated life insurance (or IOLI), sometimes called stranger-originated
life insurance (or STOLI) is used to circumvent state insurable interest statutes. This
is done when an investor (or stranger) persuades an individual to take out life
insurance specifically for the purpose of selling the policy to the investor.
The investor compensates the insured and makes the premiums, then collects
the death benefit when the insured dies.
