Risk Management and Insurance > QUESTIONS & ANSWERS > Texas Life Insurance exam Questions and Answers with Verified Solutions (All)
Texas Life Insurance exam Questions and Answers with Verified Solutions Who is considered a field underwriter? ✔✔An agent When must insurable interest exist in life insurance? ✔✔Application... or issue date If no receipt is issued at the time of application, a statement of good health is usually required at the time of? ✔✔Policy delivery The Medical Information Bureau is?(MIB) ✔✔a source of medical information to alert insurers to adverse medical history A substandard risk compared to a standard risk would pay? ✔✔a higher premium Which document describes specific information about policy provisions and benefits? ✔✔Policy summary Does not have an insurable interest? ✔✔Insured's best friend What is the main source of underwriting information used by the company in the risk selection process? ✔✔Application An insured submits the full premium along with a completed application, and the policy is issued 10 days later. When does the coverage begin? ✔✔On the date of application What is the main responsibility of a company's underwriting unit? ✔✔Risk selection and classification What best describes the USA PATRIOT Act with regards to the insurance industry? ✔✔To prevent terrorism activities through monitoring of financial transactions If the agent feels that could misrepresentation on the part of the applicant for insurance, what must the agent do? ✔✔Inform the insurance comapny Representations are statements made by th [Show More]
Last updated: 2 years ago
Preview 1 out of 20 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Texas Life and Health Insurance Bundled Exams (2022/2023) Already Passed
By Nutmegs 2 years ago
$22
13
Can't find what you want? Try our AI powered Search
Connected school, study & course
About the document
Uploaded On
Apr 23, 2023
Number of pages
20
Written in
This document has been written for:
Uploaded
Apr 23, 2023
Downloads
0
Views
103
In Scholarfriends, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.
We're available through e-mail, Twitter, Facebook, and live chat.
FAQ
Questions? Leave a message!
Copyright © Scholarfriends · High quality services·