TEXAS GENERAL LINES LIFE, ACCIDENT AND
HEALTH INSURANCE 3 LATEST VERSIONS ACTUAL
EXAM COMPLETE 150 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Amanda used a basic illustration to help Mark. a potencial cliente, de
understand how the cash value of his life insurance policy would grow. Mark
then agreed to buy the
policy. Which of the following best describes Amanda's duties which respect to
delivering a copy of the illustration used
Amanda must deliver a signed copy ilustración to both Mark and the insurer
With respect to the transfer-for-value rule, which of the following situations
would result in the new owner being subject to tax on the policy's gain upon
the insured's death
Policy is sold by the insured to neighborhood in exchange for cash
Which of the following describes the options available with a universal life
insurance policy the owner no longer wishes to maintain
Surrender the policy for its cash value or let the policy continue without
premium until the cash value can no longer cover monthly deductions
,A section 125 cafeteria plan may cover which of these expenses
Health insurance premiums
An insurance producer tells a life insurance applicant that he has the authority
to waive the medical exam that is normally required by the insurer with every
application. The
insurer may be required to accept the application without a medical exam due to
the producers:
Apparent authority
A long-term care rider on a life insurance policy will pay benefits if the insured
is diagnosed as chronically ill due to which of the following?
Either a medical or cognitive (mental health) reason
Which federal law group health plans and protects their enrollees
A
What type of state regulation gives a person in poor health or with a pre-
existing condition the opportunity to buy health insurance
Guaranteed issue
With certain limitations a policyowner may change all of the following in a life
insurance policy, EXCEPT:
The incontestability provision
,With certain limitations, a policyowner may change all of the following in a life
insurance policy, EXCEPT:
A
Where can a person set up a health care savings account (HSA)
Financial institution
Which statement about converting coverage under a children's term rider is
correct
Conversion is possible even if the child is uninsurable, and the converted
policy coverage amount may be greater than amount provided under the
rider
Which of the statements regarding the replacement of a life insurance policy is
correct
Replacing a policy will require the insured to go through a new contestability
The commissioner issued a cease and desist order against Nether Insurance
Company for committing certain practices when settling claims. Nether
ignores the order. The
commissioner may refer to which of the following for enforcement.
State attorney general
Which type of group health insurance plan bases premios and benefits in the
claim experience of similar groups in the region
Community-rated plan
, Which of the following explains why the human life values approach to deter
main insurance needs is rarely used today
It doesn't factor in all that it takes to secure a family's financial futures
For tax purposes, a self-employed person includes all the following, EXCEPT:
An incorporated business owner
Which policy requires the insurer to give the insured the forms necessary to file a
claim
Claim forms
The intoxicate and marítima provision let's an insurer deny a claim if
A loss result from intoxication or use of non-prescribed narcotics
When Matthew met with a potential client, he used a life insurance illustration
to show how the policy's cash value would grow over the clients lifetime.
Matthew could include all of the following in the illustration without violating
Texas regulations EXCEPT:
As statement that the policy is type of investment and saving plan
Annuity contracts include a provision to pay a death benefit if the owner or
annuitant doesn't before the contract annuitizes. What does this death benefit
typically equal
Either the contract's accumulated valued or the amount of premium the owner
invested whichever is greater
HEALTH INSURANCE 3 LATEST VERSIONS ACTUAL
EXAM COMPLETE 150 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Amanda used a basic illustration to help Mark. a potencial cliente, de
understand how the cash value of his life insurance policy would grow. Mark
then agreed to buy the
policy. Which of the following best describes Amanda's duties which respect to
delivering a copy of the illustration used
Amanda must deliver a signed copy ilustración to both Mark and the insurer
With respect to the transfer-for-value rule, which of the following situations
would result in the new owner being subject to tax on the policy's gain upon
the insured's death
Policy is sold by the insured to neighborhood in exchange for cash
Which of the following describes the options available with a universal life
insurance policy the owner no longer wishes to maintain
Surrender the policy for its cash value or let the policy continue without
premium until the cash value can no longer cover monthly deductions
,A section 125 cafeteria plan may cover which of these expenses
Health insurance premiums
An insurance producer tells a life insurance applicant that he has the authority
to waive the medical exam that is normally required by the insurer with every
application. The
insurer may be required to accept the application without a medical exam due to
the producers:
Apparent authority
A long-term care rider on a life insurance policy will pay benefits if the insured
is diagnosed as chronically ill due to which of the following?
Either a medical or cognitive (mental health) reason
Which federal law group health plans and protects their enrollees
A
What type of state regulation gives a person in poor health or with a pre-
existing condition the opportunity to buy health insurance
Guaranteed issue
With certain limitations a policyowner may change all of the following in a life
insurance policy, EXCEPT:
The incontestability provision
,With certain limitations, a policyowner may change all of the following in a life
insurance policy, EXCEPT:
A
Where can a person set up a health care savings account (HSA)
Financial institution
Which statement about converting coverage under a children's term rider is
correct
Conversion is possible even if the child is uninsurable, and the converted
policy coverage amount may be greater than amount provided under the
rider
Which of the statements regarding the replacement of a life insurance policy is
correct
Replacing a policy will require the insured to go through a new contestability
The commissioner issued a cease and desist order against Nether Insurance
Company for committing certain practices when settling claims. Nether
ignores the order. The
commissioner may refer to which of the following for enforcement.
State attorney general
Which type of group health insurance plan bases premios and benefits in the
claim experience of similar groups in the region
Community-rated plan
, Which of the following explains why the human life values approach to deter
main insurance needs is rarely used today
It doesn't factor in all that it takes to secure a family's financial futures
For tax purposes, a self-employed person includes all the following, EXCEPT:
An incorporated business owner
Which policy requires the insurer to give the insured the forms necessary to file a
claim
Claim forms
The intoxicate and marítima provision let's an insurer deny a claim if
A loss result from intoxication or use of non-prescribed narcotics
When Matthew met with a potential client, he used a life insurance illustration
to show how the policy's cash value would grow over the clients lifetime.
Matthew could include all of the following in the illustration without violating
Texas regulations EXCEPT:
As statement that the policy is type of investment and saving plan
Annuity contracts include a provision to pay a death benefit if the owner or
annuitant doesn't before the contract annuitizes. What does this death benefit
typically equal
Either the contract's accumulated valued or the amount of premium the owner
invested whichever is greater
