Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

72 Rules Common to Life and Health Insurance Latest Update, Exams of Personal Health

Tarrant County CollegePersonal Health

1. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of - ✔✔Coercion 2. A license may NOT be denied, suspended, or revoked if the licensee - ✔✔Submits an unsigned insurance policy application 3. A participating insurance policy may do which of the following? - ✔✔Pay dividends to the policyowner 4. A temporary license holder can receive a commission from a sale made to all of the following EXCEPT - ✔✔The license sister-in-law 5. After filing a claim, an insured tells the insurer that there is more than one insurance policy in force. That insurer sets aside the claim until it hears what the other company will pay. The insurer's action will be classified as - ✔✔Unfair 6. After filing a claim, an insured tells the insurer that there is more than one insurance policy in force.

Typology: Exams

2024/2025

Available from 09/29/2024

Martin-Ray-1
Martin-Ray-1 🇺🇸

5

(8)

6.1K documents

1 / 13

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Rules Common to Life and Health
Insurance
1. A banker is ready to close on a customer's loan. The bank is prepared
to offer the loan but only if the customer purchases a life insurance
policy from the bank in the amount of the loan. This is an example of
- ✔✔Coercion
2. A license may NOT be denied, suspended, or revoked if the licensee -
✔✔Submits an unsigned insurance policy application
3. A participating insurance policy may do which of the following? -
✔✔Pay dividends to the policyowner
4. A temporary license holder can receive a commission from a sale
made to all of the following EXCEPT - ✔✔The license sister-in-law
5. After filing a claim, an insured tells the insurer that there is more
than one insurance policy in force. That insurer sets aside the claim
until it hears what the other company will pay. The insurer's action
will be classified as - ✔✔Unfair
6. After filing a claim, an insured tells the insurer that there is more
than one insurance policy in force. That insurer sets aside the claim
pf3
pf4
pf5
pf8
pf9
pfa
pfd

Partial preview of the text

Download 72 Rules Common to Life and Health Insurance Latest Update and more Exams Personal Health in PDF only on Docsity!

Rules Common to Life and Health

Insurance

  1. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of
    • ✔✔Coercion
  2. A license may NOT be denied, suspended, or revoked if the licensee - ✔✔Submits an unsigned insurance policy application
  3. A participating insurance policy may do which of the following? - ✔✔Pay dividends to the policyowner
  4. A temporary license holder can receive a commission from a sale made to all of the following EXCEPT - ✔✔The license sister-in-law
  5. After filing a claim, an insured tells the insurer that there is more than one insurance policy in force. That insurer sets aside the claim until it hears what the other company will pay. The insurer's action will be classified as - ✔✔Unfair
  6. After filing a claim, an insured tells the insurer that there is more than one insurance policy in force. That insurer sets aside the claim

until it hears what the other company will pay. The insurer's action will be classified as - ✔✔Unfair

  1. All of the following are considered unfair or deceptive acts in connection with the sale of insurance EXCEPT - ✔✔Attempting to settle a claim in which liability is clear
  2. All of the following are requirements for an individual to be licensed EXCEPT - ✔✔Provide a financial statement
  3. All of the following are true regarding rebates EXCEPT - ✔✔Rebates are allowed if it's in the best interest of the client
  4. All of the following are unfair claims settlement practices EXCEPT - ✔✔Suggest negotiations in settling the claim
  5. All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT - ✔✔Dividends or mutual funds
  6. All of the following must be true of an individual before a license can be issued EXCEPT that the - ✔✔Applicant submitted hos or her most recent tax return to the department
  1. An agent licensed in Texas is moving to Kansas. Which of the following applies? - ✔✔The agent has 30 days to notify the department of Insurance of the new address
  2. An agent offers his client free tickets to a sporting event in exchange for the purchase of an insurance policy. The agent is guilty of - ✔✔Rebating
  3. An agent receives an Emergency Cease and Desist Order for chronically misrepresenting his insurance policies. The agent knows that he did not commit the violations stated in the Emergency Cease and Desist Order. He wants to contest the charges in a court hearing. Which of the following is true? - ✔✔The hearing must be held 10 days of receiving a request, unless both parties agree on a later date
  4. An agent's license will terminate within how many days from the due date of obligatory fees and continuing education requirements?
    • ✔✔ 90
  5. An applicant for a license in Texas must include a statement with his application that provides information about all the following EXCEPT - ✔✔Intending to apply for another license
  6. An individual applies for a life policy. Two years ago he suffered a head injury from an accident, so he cannot remember parts of his past, but is otherwise competent. He has also been hospitalized for

drug abuse, but does not remember this when applying for insurance. The insurer issues the policy and learns of his history one year later. What will probably happen? - ✔✔The policy will not be affected

  1. An individual licensed as an agent must notify the Texas Department of Insurance, on a monthly basis, of all of the following EXCEPT - ✔✔Any change in business name
  2. An insurance agent wants for a client to replace her current annuities plan with another one. He presents the new one in an incomplete and dishonest way, which makes the new contract seem far more appealing than the original one. The policyowner ends up surrendering her original contract and replacing it with the new one. Which term best describes what the agent did? - ✔✔Twisting
  3. An insurance company has published a brochure that inaccurately portrays the advantages of a particular insurance policy. What is this an example of? - ✔✔False advertising
  4. An insurance company is domiciled in Montana and transacts insurance in Wyoming. Which term best describes the insurer's classification in Wyoming? - ✔✔Foreign
  5. An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was
  1. Circulating deceptive sales material to the public is what type of Unfair Trade Practice? - ✔✔False advertising
  2. Forcing a client to buy insurance from a particular lender as a condition of granting a loan is defined as - ✔✔Coercion
  3. How many hours of continuing education can be carried over from one licensing period to the next? - ✔✔ 0
  4. If an agent has completed 35 hours of continuing education in one renewal period, how many CE hours will the agent have to complete in the next renewal period? - ✔✔ 24
  5. If an agent suspects that insurance fraud is being committed, within how many days must the agent notify the Insurance Fraud Unit of the Department of Insurance? - ✔✔30 days
  6. In Texas, the state's continuing education requirement - ✔✔Consists of containing 24 hours of CE each biennium
  7. No one whose license has been revoked can receive another license in Texas for - ✔✔5 years
  1. On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of - ✔✔Misrepresentation
  2. Temporary licenses issued in Texas - ✔✔Expire in 90 days
  3. The Commissioner has full power and authority to do all of the following EXCEPT - ✔✔Draft insurance laws
  4. The Commissioner of Insurance issues a Cease and Desist Order and immediately receives a request for the charges to be reviewed in a hearing. Within what number of days must the hearing be held? - ✔✔ 10
  5. The Commissioner of Insurance issues a Cease and Desist Order to an agent. If the agent wishes to contest the charges in court, how many days after the order was issued does the agent have to make the request? - ✔✔30 days
  6. The following are all causes for the Insurance Commissioner to suspend or impose conditions upon the continuance of an agent's license EXCEPT - ✔✔The applicant has been shown to be a poor personal credit risk
  1. What is the purpose of the Life Insurance Guaranty Association? - ✔✔To help protect policyowners and beneficiaries against financial loss caused by the insolvency of a insurance company
  2. When a producer was reviewing a potential customer's coverage written by another company, the producer made several remarks that were maliciously critical of that other insurer. The producer could be found guilty of - ✔✔Defamation
  3. When a producer was reviewing a potential customer's coverage written by another company, the producer made several remarks that were maliciously critical of that other insurer. The producer could be found guilty of - ✔✔Defamation
  4. When doing business in this state, an insurance company that is formed under the laws of another state is known as which type of insurer? - ✔✔Foreign
  5. When transacting business in this state an insurer formed under the laws of another country is known as a/an - ✔✔Alien
  6. Which entity has the authority to grant a temporary life insurance agent's license? - ✔✔Commissioner of insurance only
  1. Which members of a corporation or partnership are required to obtain an individual insurance agent's license in order for the association to be licensed? - ✔✔At least one officer or partner and any other person acting as an agent
  2. Which of the following best describes a misrepresentation? - ✔✔Issuing sales material with exaggerated statements about policy benefits
  3. Which of the following best describes an insurance company that has been formed under the laws of this state? - ✔✔Domestic
  4. Which of the following best describes the unfair trade practice of defamation? - ✔✔Making derogatory oral statements about another insurer's financial condition
  5. Which of the following individuals could legally receive commissions from the sale of a life insurance policy? - ✔✔A licensed insurance agent
  6. Which of the following is NOT a possible penalty for a violation of the Insurance Code? - ✔✔A fine up to $100,
  1. Who do agents represent? - ✔✔insurance company
  2. Within how many years must an agent renew an insurance license? - ✔✔ 2