TEXAS ESTHETICIAN > EXAM > Texas Life and Health Insurance Exam 3 (Latest 2023-2024) A++ Exam with All New Qs & As - Guaranteed (All)
Texas Life and Health Insurance Exam 3 (Latest 2023-2024) A++ Exam with All New Qs & As - Guaranteed Pass!
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1. What type of reinsurance contract involves two companies automaticallysharing their risk exposure? Answer: Treaty 2. The stated amount or percent of liquid assetsthat an insurer must have onhan... d that will satisfy future obligationsto its policyholdersis called Answer: reserves 3. When third-party ownership is involved, applicants who also happen to bethe stated primary beneficiary are required to have Answer: insurable interest 4. Statements made on an insurance application that are believed to be trueto the best of the applicant's knowledge are called Answer: representations 5. The part of a life insurance policy guaranteed to be true is called a(n) Answer: warranty 6. Which of these is NOT a type of agent authority? Express Implied Principal Apparent Answer: Principal [Show More]
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