TEXAS FUNERAL PREARRANGEMENT EXAM TEST 2025
ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (100% CORRECT VERIFIED ANSWERS)/TEXAS
FUNERAL PREARRANGEMENT EXAM RECENTLY TESTED
EXAM ALREADY GRADED A+
A copy of an insurance-funded prepaid funeral contract must be provided to the
purchaser within ____ -answer- when it was signed
30 days
Premiums collected from insurance policies funding prepaid funeral benefits must
–answer-be remitted to the insurance company within
30 days
A contract seller's permit may be cancelled for
-answer-failing to provide premium remittance evidence requested by the
Banking Department
Regarding the Federal Waiver of Cancellation Form,
-answer-it is not needed when the prearrangement contract is purchased at the
funeral home
,At the time of the sale of a funeral prearrangement contract, the purchaser
should –answer-be given
the "Facts about Funerals" pamphlet from the Texas Funeral Service Commission
Selling a funeral prearrangement contract to a person who cannot afford it can
result often in
-answer-loss of business to the funeral home
Regarding misrepresentation of the proposed insured's health
-answer-if the insurance company accepts the application, the applicant's health
cannot be questioned
The purchaser of a prepaid funeral benefits contract may be given the option to
irrevocably waive
-answer-the purchaser's right to cancel the contract
Failure to describe fully the goods and materials on the contract may result in
-answer-harm to the agent's relationship with the funeral home, return of the
contract for corrections and resubmission, stress and confusion for customers
family at the time of the funeral
In insurance, under the law of agency,
-answer-the INSURER is bound by the acts of its insurance agents
, An insurance company that allows an agent to collect premiums on its behalf
even though that authority is not listed in the agent's contract is considered ____
-answer-authority implied
The implied authority of insurance agents is
-answer-unwritten
An agent's authority to solicit applications on behalf of the insurer is granted in
the
-answer-agents contract with the insurer
The type of authority that is detailed in the agent's contract with the insurance
company –answer-is express
An agent who advertises the feature of a particular policy must obtain prior
approval from the –answer-insurance company
When an annuity advertisement includes the current interest rate being credited,
it must also include –answer-the guaranteed interest rate
A life insurance policy summary is a summary of –answer-the policy benefits and
costs
ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (100% CORRECT VERIFIED ANSWERS)/TEXAS
FUNERAL PREARRANGEMENT EXAM RECENTLY TESTED
EXAM ALREADY GRADED A+
A copy of an insurance-funded prepaid funeral contract must be provided to the
purchaser within ____ -answer- when it was signed
30 days
Premiums collected from insurance policies funding prepaid funeral benefits must
–answer-be remitted to the insurance company within
30 days
A contract seller's permit may be cancelled for
-answer-failing to provide premium remittance evidence requested by the
Banking Department
Regarding the Federal Waiver of Cancellation Form,
-answer-it is not needed when the prearrangement contract is purchased at the
funeral home
,At the time of the sale of a funeral prearrangement contract, the purchaser
should –answer-be given
the "Facts about Funerals" pamphlet from the Texas Funeral Service Commission
Selling a funeral prearrangement contract to a person who cannot afford it can
result often in
-answer-loss of business to the funeral home
Regarding misrepresentation of the proposed insured's health
-answer-if the insurance company accepts the application, the applicant's health
cannot be questioned
The purchaser of a prepaid funeral benefits contract may be given the option to
irrevocably waive
-answer-the purchaser's right to cancel the contract
Failure to describe fully the goods and materials on the contract may result in
-answer-harm to the agent's relationship with the funeral home, return of the
contract for corrections and resubmission, stress and confusion for customers
family at the time of the funeral
In insurance, under the law of agency,
-answer-the INSURER is bound by the acts of its insurance agents
, An insurance company that allows an agent to collect premiums on its behalf
even though that authority is not listed in the agent's contract is considered ____
-answer-authority implied
The implied authority of insurance agents is
-answer-unwritten
An agent's authority to solicit applications on behalf of the insurer is granted in
the
-answer-agents contract with the insurer
The type of authority that is detailed in the agent's contract with the insurance
company –answer-is express
An agent who advertises the feature of a particular policy must obtain prior
approval from the –answer-insurance company
When an annuity advertisement includes the current interest rate being credited,
it must also include –answer-the guaranteed interest rate
A life insurance policy summary is a summary of –answer-the policy benefits and
costs
