Funeral Prearrangement License Exam Texas Questions with correct Answers (Graded A+) A funeral prearrangement life insurance agent must be supervised - Correct Answer By a legal reserve life insurance agent whose company holds a seller's permit.The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - Correct Answer $15,000 A funeral prearrangement life insurance agent license expires when the agent - Correct Answer Fails to submit a biannual renewal application and fee When an application for an insurance agent license is denied, except for failure to pass the examination, the applicant may NOT re-apply for at least - Correct Answer 60 months An agents insurance license could be suspended or revoked if the agent - Correct Answer fails to remit premiums ______ must be offered at the beginning of a sales presentation for funeral goods and service - Correct Answer The general price list The ___ must be given to the consumer to keep - Correct Answer General price list The general price list (GPL) must include - Correct Answer The funeral providers name and address, the effective date of the list, and all the exact caption of "General Price List".The required disclosures for the general price list (GPL) - Correct Answer must use the identical wording given in the FTC Funeral Rule As part of a prearranged funeral sale, the seller must disclose - Correct Answer that embalming is optional when the burial is immediate The GPL must disclose the - Correct Answer availability of alternative containers for cremation 1 / 2
The GPL - Correct Answer must price each item or service seperately ______ cannot be declined by the purchaser - Correct Answer The basic services of a funeral director The FTC Funeral Rule prohibits funeral providers from - Correct Answer requiring the purchase of a casket for direct cremation A funeral provider must keep a copy of a price list on file for ____ after its last distribution to a consumer - Correct Answer 1 year Prepaid funeral benefits contract forms must be approved by - Correct Answer the Texas Department of Banking A copy of an insurance-funded prepaid funeral contract must be provided to the purchaser within ____ from when it was signed - Correct Answer 30 days Premiums collected from insurance policies funding prepaid funeral benefits must be remitted to the insurance company within - Correct Answer 30 days A contract seller's permit may be cancelled for - Correct Answer failing to provide premium remittance evidence requested by the Banking Department Regarding the Federal Waiver of Cancellation Form, - Correct 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 be given - Correct Answer 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 - Correct Answer loss of business to the funeral home
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