Texas Life and Health Insurance Practice Test Already Graded A+

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Texas Life and Health Insurance Practice Test Already Graded A+ T owns an Accident & Health policy and notifies her insurance company that she has chosen a less hazardous occupation. Under the Chan... ge of Occupation provision, which of the following actions may her insurance company take? ✔✔Increase her policy's coverage amount When an insurer issues a policy that refuses to cover certain risks, this is referred to as a(n) ✔✔Exclusion 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..? ✔✔Coercion What does the insuring agreement in a Life insurance contract establish? ✔✔An insurer's basic promise The first portion of a covered Major Medical insurance expense that the insured is required to pay is called the..? ✔✔Initial deductible A "reimbursement policy" pays what amount of covered Long-Term Care expenses? ✔✔Actual covered expenses up to the daily maximum The agreement in a life insurance contract that states a specific sum of money will be paid to a designated person upon an insured's death is called a(n) ✔✔Insuring agreement W is a 39-year old female who just purchased an annuity to provide income for life starting at age 60. All of these would be acceptable annuity choices EXCEPT a(n) ✔✔Immediate annuity Which of these are NOT an example of a Nonforfeiture option? ✔✔Life Income S filed a written Proof of Loss for a Disability Income claim on September 1. The insurance company did not respond to the claim. S can take legal action against the insurer beginning..? ✔✔November 1 An enrollee of a Health Maintenance Organization (HMO) may be cancelled or nonrenewed for which of the following reasons? ✔✔Failure to pay for coverage An agent who tells a client that dividends are guaranteed may be guilty of..? ✔✔misrepresentation On delivery of a policy, a signed statement of good health is typically requested if..? ✔✔The application was submitted without the initial premium. One becomes eligible for Social Security disability benefits after having been disabled for..? ✔✔5 mo. M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What determines the claim M is eligible for? ✔✔Determined by the terms of the policy When an insurance application is taken by a producer, which of these statements is true? ✔✔Any changes made on the application require the applicant's initials Which of the following statements BEST describes the intent of a Coinsurance clause in a Major Medical policy? ✔✔Discourages over utilization of the insurance coverage Health insurance benefits NOT covered due to an act of war are..? ✔✔excluded by the insurer in the contract provisions Under the Texas code, the MAXIMUM for which a spouse may be insured in a company group life program with a $50,000 death benefit is: ✔✔25,000 (or 1/2 of the death benefit) An agent MUST give a prospective insured an [Show More]

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