TX Preneed Funeral Exam Review Questions with Correct Answers
2023/2024
Maximum about of prearranged funeral contract - Correct Answer Unlimited (just needs to match the Goods & Services What is required of your supervisor? - Correct Answer Neither years of experience or to be a legal reserve life agent What can cause an agent 's license to be revoked? - Correct Answer If agent fails to renew the license What is included in agent's renewal? - Correct Answer Completed application & Renewal Fee What does GPL stand for? - Correct Answer General Price List What does GPL include? - Correct Answer *Title in bold & all caps *Provider's name, Address & phone *Effective date *Seller's Permit is not required Does the Client need to return the GPL? - Correct Answer No What is required of the GPL? - Correct Answer Disclosures for the GPL must use the idéntical wording given in the FTC Funeral Rule.What does GPL must disclose about cremation? - Correct Answer That there are alternative containers available for cremation How does the General Price List work? - Correct Answer must price each ítem or Service separately 1 / 2
For how Long GPL should be kept on file? - Correct Answer For 1 year after distribution to a customer What can not be declined by the purchaser in the GPL? - Correct Answer the Basic services Misrepresentation - Correct Answer A false statement or lie that is unlawful & unethical hoping to induce that customer make a purchase unfair trade practices - Correct Answer laws that prohibit wholesalers and retailers from selling below cost. Neglecting to share or omiting a material fact.Types of Authority - Correct Answer Expressed (is written), implied (is unwritten), & apparent (obvious) What should be given to purchaser at time of sale? - Correct Answer Facts of funeral pamphlet If an Agent sells a preneed contract to someone that cant afford it, what can happen? - Correct Answer the funeral home can lose its business Agent - Correct Answer is a representative Law of Agency - Correct Answer The law that governs the relationship between a principal or company (insurer) and his or her agent.the summary of a life Insurance - Correct Answer is a summary of the policy benefits & costs Hypothetical illustration - Correct Answer it is permisible to show a Client an illustration of the policy results misleading title - Correct Answer can not be used in an advertisement
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