Insurance (Primerica) Exam
Questions 100% Correct Answers
Current Update
Be hearing must be held within 10 days of receiving a request, unless both parties
agree to a later date - Answers -✔✔ An Agnet receives an emergency cease and
desist for chronically misrepresenting his insurance policies. The agent knows that he
did not commit the violation stated in the emergency cease and desist order. He wants
to contest the charges in a court hearing which of the following is true?
Certificate of authority - Answers -✔✔ Which of the following must an insurer obtain to
order to transact insurance within a given state
Rebating - Answers -✔✔ Giving a client and inducement to a cell not stated in the
policy is an unlawful practice known ass
Rebates of premiums - Answers -✔✔ For which of the following actions can and agents
license be suspended or revoked
Stock - Answers -✔✔ Which of the following ensures are owned by stockholders who
had the usual rights of ownership including the right of voting
I signed up to $100,000 - Answers -✔✔ Which of the following is not a possible penalty
for violation of the insurance code
Draft insurance laws - Answers -✔✔ The commissioner has full power and authority to
do all the following except
Unfair - Answers -✔✔ After filing a claim, an insured tells the insurer that there is more
than one insurance policy in force. that insurer set aside to clean until he hears with the
other company will pay. The insurers action will be classified as
Applicant submitted his or her most recent tax return to the department - Answers -✔✔
All of the following must be true of an individual before license can be issued except that
the
Alien insurer - Answers -✔✔ When transacting business in this state an insurer formed
under the laws of another country is known as a/an
15 - Answers -✔✔ An insurer must acknowledge receipt of a notice of claim within how
many days
, Telling a client that his first premium will be waived if you purchase the insurance policy
today - Answers -✔✔ Which of the following is an example of a producer being
involved in an unfair trade practice of rebating
Provide a financial statement - Answers -✔✔ All of the following are requirements for
an individual To be licensed except
Expire in 90 days - Answers -✔✔ Temporary licenses issued in Texas
Pay dividends to the policy owner - Answers -✔✔ A participating insurance policy may
do which of the following
Unilateral - Answers -✔✔ In insurance policies, the insured is not legally bound to any
particular action in the insurance contract, but the insurer is legally obligated to pay
losses covered by the policy. What contract element does this describe?
Return the application to the applicant for signature - Answers -✔✔ If an agent sells to
obtain an applicant signature on the application the agent must
It is intended to provide coverage on a day earlier than the date of the issuance of the
policy - Answers -✔✔ What is the purpose of a conditional receipt
Warranty - Answers -✔✔ Which of the following is a statement that is guaranteed to be
true, and if untrue, may breach and insurance contract?
The fair credit reporting act - Answers -✔✔ Which of the following protects consumers
against circulation of in accurate or obsolete personal or financial information
Return the application to the applicant for completion - Answers -✔✔ Which is the
appropriate action by the insurer if a prospective insured submitted an incomplete
application
Other insurance coverages - Answers -✔✔ Part two of the application for life insurance
provides questions regarding all the following except
Inspection report - Answers -✔✔ An insurer received a report regarding a potential
ensured that includes the insured financial status hobbies and habits what type a report
is that
Standard - Answers -✔✔ Which of the following is a risk classification used by
underwriters for life insurance
When the agent delivers the policy for Lexi initial premium and the applicant completes
an acceptable statement of good health - Answers -✔✔ An agent in an application for
Questions 100% Correct Answers
Current Update
Be hearing must be held within 10 days of receiving a request, unless both parties
agree to a later date - Answers -✔✔ An Agnet receives an emergency cease and
desist for chronically misrepresenting his insurance policies. The agent knows that he
did not commit the violation stated in the emergency cease and desist order. He wants
to contest the charges in a court hearing which of the following is true?
Certificate of authority - Answers -✔✔ Which of the following must an insurer obtain to
order to transact insurance within a given state
Rebating - Answers -✔✔ Giving a client and inducement to a cell not stated in the
policy is an unlawful practice known ass
Rebates of premiums - Answers -✔✔ For which of the following actions can and agents
license be suspended or revoked
Stock - Answers -✔✔ Which of the following ensures are owned by stockholders who
had the usual rights of ownership including the right of voting
I signed up to $100,000 - Answers -✔✔ Which of the following is not a possible penalty
for violation of the insurance code
Draft insurance laws - Answers -✔✔ The commissioner has full power and authority to
do all the following except
Unfair - Answers -✔✔ After filing a claim, an insured tells the insurer that there is more
than one insurance policy in force. that insurer set aside to clean until he hears with the
other company will pay. The insurers action will be classified as
Applicant submitted his or her most recent tax return to the department - Answers -✔✔
All of the following must be true of an individual before license can be issued except that
the
Alien insurer - Answers -✔✔ When transacting business in this state an insurer formed
under the laws of another country is known as a/an
15 - Answers -✔✔ An insurer must acknowledge receipt of a notice of claim within how
many days
, Telling a client that his first premium will be waived if you purchase the insurance policy
today - Answers -✔✔ Which of the following is an example of a producer being
involved in an unfair trade practice of rebating
Provide a financial statement - Answers -✔✔ All of the following are requirements for
an individual To be licensed except
Expire in 90 days - Answers -✔✔ Temporary licenses issued in Texas
Pay dividends to the policy owner - Answers -✔✔ A participating insurance policy may
do which of the following
Unilateral - Answers -✔✔ In insurance policies, the insured is not legally bound to any
particular action in the insurance contract, but the insurer is legally obligated to pay
losses covered by the policy. What contract element does this describe?
Return the application to the applicant for signature - Answers -✔✔ If an agent sells to
obtain an applicant signature on the application the agent must
It is intended to provide coverage on a day earlier than the date of the issuance of the
policy - Answers -✔✔ What is the purpose of a conditional receipt
Warranty - Answers -✔✔ Which of the following is a statement that is guaranteed to be
true, and if untrue, may breach and insurance contract?
The fair credit reporting act - Answers -✔✔ Which of the following protects consumers
against circulation of in accurate or obsolete personal or financial information
Return the application to the applicant for completion - Answers -✔✔ Which is the
appropriate action by the insurer if a prospective insured submitted an incomplete
application
Other insurance coverages - Answers -✔✔ Part two of the application for life insurance
provides questions regarding all the following except
Inspection report - Answers -✔✔ An insurer received a report regarding a potential
ensured that includes the insured financial status hobbies and habits what type a report
is that
Standard - Answers -✔✔ Which of the following is a risk classification used by
underwriters for life insurance
When the agent delivers the policy for Lexi initial premium and the applicant completes
an acceptable statement of good health - Answers -✔✔ An agent in an application for
