TEXAS LIFE HEALTH INSURANCE EXAM 2024 -
2025 LATEST VERSION WITH 300 QUESTIONS
AND CORRECT ANSWERS (LIFE AGENT
LICENSE EXAM) REAL EXAM QUESTIONS
(BRAND NEW!!)
All of the following provisions must be included in life insurance policies EXCEPT - ANSWER✔✔Extended Term A certificate of authority does which of the following? - ANSWER✔✔Permits an insurance company to transact business in Texas An agent MUST do which of the following during a sales presentation for a participating life insurance policy? - ANSWER✔✔Include a statement that dividends are not guaranteed If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - ANSWER✔✔pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age Which of the following circumstances would cause a Medicare Supplement policy to be cancelled? - ANSWER✔✔The insured fails to pay the premium An applicant for an agent's license must meet which of the following requirements? - ANSWER✔✔Be honest, trustworthy, and reliable After the initial enrollment period, an HMO must hold an open enrollment period of how many days at LEAST once in every 12-month period? - ANSWER✔✔31 A Health Maintenance Organization (HMO) may issue an Evidence of Coverage form after it has been approved by the - ANSWER✔✔Commissioner of Insurance A Long-Term Care policy must offer a MINIMUM benefit period of how many months? - ANSWER✔✔12 1 / 3
A foreign insurance company is one that is incorporated - ANSWER✔✔under the laws of another state Under an individual life insurance policy, an insured may assign a MAXIMUM of what percentage of policy ownership? - ANSWER✔✔100% The Commissioner of Insurance has the power and duty to take all of the following actions EXCEPT - ANSWER✔✔activate insurance companies' financial reserves Who can purchase a plan through the Marketplace? - ANSWER✔✔Any legal resident except those incarcerated Boycott, coercion, and intimidation that result in the unreasonable restraint of trade are prohibited under the Texas Insurance Code covering - ANSWER✔✔unfair methods of competition An enrollee of a Health Maintenance Organization (HMO) may be cancelled or nonrenewed for which of the following reasons? - ANSWER✔✔Failure to pay for coverage Under the Texas insurance code, which of the following statements about the Suicide clause is CORRECT?
- ANSWER✔✔Suicide may not be a defense against payment after the second year
Which of the following statements is NOT CORRECT about the Commissioner of Insurance? - ANSWER✔✔The Commissioner must be elected in a general election An agent MUST give a prospective insured an Outline of Coverage when taking an application for a - ANSWER✔✔Medicare Supplement policy Under Texas insurance law, the term "transacting business" includes - ANSWER✔✔collecting premiums All of the following statements about health coverage for newborns are correct EXCEPT - ANSWER✔✔coverage during the first year is limited to congenital defects Benefits for drug and alcohol treatment under a group health policy must include all of the following services EXCEPT - ANSWER✔✔transportation to and from an outpatient facility A creditor who requires a debtor to obtain insurance from a particular company or agent as a condition for a loan is guilty of - ANSWER✔✔coercion 2 / 3
An agent who tells claimants that their rights may be impaired if they fail to complete a release form within a given period of time could be guilty of - ANSWER✔✔coercion Which of the following is an example of rebating? - ANSWER✔✔returning a portion of a premium as inducement to purchase insurance A stock insurance company is owned by it's - ANSWER✔✔stockholders An agent who tells a client that dividends are guaranteed may be guilty of - ANSWER✔✔misrepresentation An insurance company may be judged guilty of false advertising if it - ANSWER✔✔An insurance company may be judged guilty of false advertising if it Which of the following actions by an insurance company is considered an unfair claims settlement practice? - ANSWER✔✔Denying an insured's claim without indicating the basis of denial under the policy Which of the following BEST describes Credit Life insurance? - ANSWER✔✔Insurance issued on a debtor to cover outstanding balances on installment loans An individual life insurance policy issued in Texas MUST have a grace period for premium payment of how many days? - ANSWER✔✔31 An insurance company must provide information on fraudulent claims at the request of all of the following entities EXCEPT - ANSWER✔✔an insured All of the following may charge fees for insurance advice EXCEPT - ANSWER✔✔Legal reserve agents An agent may legally share commissions only with - ANSWER✔✔another agent who is licensed in the same line of insurance An agent whose license has been revoked is required to - ANSWER✔✔wait at least five years before applying for a new license The Commissioner of Insurance may issue a temporary agent's license for a maximum of how many days? - ANSWER✔✔90
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