TEXAS FUNERAL PREARRANGEMENT LICENSE EXAM
QUESTIONS WITH CORRECT ANSWERS LATEST UPDATED
ASSURED SUCCESS A+ SCORE REVIEW
An agent who publishes a derogatory article about the funeral
condition of an insurer may be guilty of
Defamation
An insurance agent may be found guilty of defamation for
Making a false statement about another insurance company's
solvency
It is unlawful to charge different life insurance premium rates
among individuals who have the
Same life expectancy
Giving a _______ a portion of the agent's commission would be
considered rebating
Policyholder
During a life insurance sales presentation, it is unlawful for an
agent to
,Promise to share the agent's commission with the applicant
When an insurance agent discovers that a fraudulent
insurance act has been committed, the agent must report it
within
30 days
If the texas commissioner of insurance suspects an agent of
committing a fraudulent insurance act, the commissioner must
Report the information to a law enforcement agency or
prosecuting attorney
The accumulation of cash value in whole life insurance policies
is made possible
By the level premium arrangement
Whole life insurance is designed to afford protection up to
Age 100
Under a continuous premium whole life policy, premiums are
payable every year to
Age 100
, When compared to a whole life policy with premiums payable
for life for the same face amount, a limited payment whole life
policy will have
A shorter premium-paying period
Under limited payment whole life policy, the guaranteed cash
surrender value must equal the face amount when
The insured reaches age 100
Single premium whole life policy, the guaranteed cash
surrender value must equal the face amount when
The insured reaches age 100
______ type of whole life insurance always has cash surrender
valve when the policy may be able to
A single premium
If the insurer's experience improves, the owner of an interest-
sensitive whole life insurance policy may be able to
Pay lower premiums for the same benefits
QUESTIONS WITH CORRECT ANSWERS LATEST UPDATED
ASSURED SUCCESS A+ SCORE REVIEW
An agent who publishes a derogatory article about the funeral
condition of an insurer may be guilty of
Defamation
An insurance agent may be found guilty of defamation for
Making a false statement about another insurance company's
solvency
It is unlawful to charge different life insurance premium rates
among individuals who have the
Same life expectancy
Giving a _______ a portion of the agent's commission would be
considered rebating
Policyholder
During a life insurance sales presentation, it is unlawful for an
agent to
,Promise to share the agent's commission with the applicant
When an insurance agent discovers that a fraudulent
insurance act has been committed, the agent must report it
within
30 days
If the texas commissioner of insurance suspects an agent of
committing a fraudulent insurance act, the commissioner must
Report the information to a law enforcement agency or
prosecuting attorney
The accumulation of cash value in whole life insurance policies
is made possible
By the level premium arrangement
Whole life insurance is designed to afford protection up to
Age 100
Under a continuous premium whole life policy, premiums are
payable every year to
Age 100
, When compared to a whole life policy with premiums payable
for life for the same face amount, a limited payment whole life
policy will have
A shorter premium-paying period
Under limited payment whole life policy, the guaranteed cash
surrender value must equal the face amount when
The insured reaches age 100
Single premium whole life policy, the guaranteed cash
surrender value must equal the face amount when
The insured reaches age 100
______ type of whole life insurance always has cash surrender
valve when the policy may be able to
A single premium
If the insurer's experience improves, the owner of an interest-
sensitive whole life insurance policy may be able to
Pay lower premiums for the same benefits
